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Silver Market Updates

The Silver Manipulation Solution : 17 Requirements for a Freely Traded Silver Market Structure

April 22, 2015
By SilverSeek

The silver market is broken and has been broken for a long, long time. Much longer than most people think although many people can finally SEE the problems with the market now as the paper market continues to distort the price of physical silver. It is silver derivatives and computer trading models introduced in the 1970's that really started to distort the market value and it has never been more distorted than it is today. Hundreds of Billions of silver derivative ounces are transacted by the…

Twilight Zone Economics

April 22, 2015
By SilverSeek

The US government has annual income of approximately $3 Trillion and official debt in excess of $18 Trillion. This does not count other liabilities such as Fannie and Freddie, and massive unfunded liabilities. But assuming “only” $18 Trillion in debt (optimistic) the US has the same ratio as a family with $60K income and $360K in credit card debt.

Silver Market Morning

April 22, 2015
By SilverSeek

New York closed at $1,1201.80 up $5.90 on Tuesday in NY. Asia held it there and London tried to take it down as the dollar strengthened. The LBMA Gold price was set at $1,202.40 up $4.70. The euro equivalent stood at €1,120.29 down €5.36 while the dollar was stronger at $1.0784 against yesterday’s $1.0689. Ahead of New York’s opening, gold was trading lower in London at $1,202.80 and in the euro at €1,117.22.

Silver Market Morning

April 21, 2015
By SilverSeek

New York closed at $1,195.90 down $8.60 on Monday in NY. Asia held it there then London started to lift it ahead of the LBMA Gold Price. The LBMA Gold price was set at $1,197.70 down $5.55. The euro equivalent stood at €1,120.29 up €1.46 against a weaker $: € rate of $1.0689 against yesterday’s $1.0753. Ahead of New York’s opening, gold was trading lower in London at $1,198.70 and in the euro at €1,122.22.

Silver Market Morning

April 20, 2015
By SilverSeek

New York closed at $1,204.50 up $5.50 on Friday in NY. Asia took it up to $1,208 with London holding it there ahead of the LBMA Gold Price. The LBMA Gold price was set at $1,203.25 down $1.30. The euro equivalent stood at €1,118.83 up €7.11 against a weaker $: € rate of $1.0753 against yesterday’s $1.08355. Ahead of New York’s opening, gold was trading lower in London at $1,198.30 and in the euro at €1,115.68.

Gold, Silver, Yen & S&P Correlation

April 17, 2015
By SilverSeek

As you can see the smoothed graphs of monthly yen and monthly gold are similar. Over the last 8 years of gold prices rallying and crashing, the statistical correlation has been about 0.74. Since the all-time high in gold prices in August 2011, the yen-gold correlation has been an astonishing 0.96. Similarly, the smoothed graph of monthly yen and monthly S&P shows an inverse correlation. Yen down, S&P up, and Wall Street, the Fed, and the Bank of Japan are happy. The statistical correlation…

Market Report: PMs confined to tight trading range

April 17, 2015
By SilverSeek

Precious metal prices were broadly unchanged this week, confined to a tight trading range of $1210 to $1185 for gold and $16.60 to $16.00 for silver. There were several attempts by sellers to force prices to break down, but from the price action there appeared to be buyers waiting for the opportunity.

Silver Market Morning

April 17, 2015
By SilverSeek

New York closed at $1,199.00 down $3.50 on Thursday in NY. Asia took it up to $1,203 with London holding it there ahead of the LBMA Gold Price. The LBMA Gold price was set at $1,204.55 almost the same as yesterday. The euro equivalent stood at €1,111.72 down €17.50 against a weaker $: € rate of $1.08355 against yesterday’s $1.0673. Ahead of New York’s opening, gold was trading higher in London at $1,205.20 and in the euro at €1,115.05.

Silver Market Morning

April 16, 2015
By SilverSeek

New York closed at $1,202.50 up exactly $10.00 on Wednesday in NY. Asia took it up to $1,205 with London holding it there ahead of the LBMA Gold Price. The LBMA Gold price was set at $1,204.60 up $14.75 on Wednesday’s level. The euro equivalent stood at €1,129.22 up €5.55 against a weaker $: € rate of $1.0673. Ahead of New York’s opening, gold was trading higher in London at $1,208.00 and in the euro at €1,125.71.

Another Silver Short Squeeze Looms

April 15, 2015
By SilverSeek

Back in March, Comex silver prices surged 13% in just 6 days as a massive Spec short position was squeezed. Could the same setup be appearing again, primed for squeezing later this month? It certainly appears that way. Recall first the circumstances surrounding the squeeze last month. Conventional wisdom held that the FOMC meeting of March 17-18 was going to precede some sort of announcement of an imminent Fed Funds rate hike. In anticipation, momo-chasing Spec fund money came flowing into the…

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