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Silver Market Updates

Silver Market Morning

July 03, 2015
By SilverSeek

New York closed at $1,165.60 down $2.90. Asia and London took it back up to $1,169.50. The dollar was 0.60 of a cent weaker at $1.1054 and the dollar Index was lower at 95.93 down from 96.37. The LBMA gold price was set this morning at $1,168.25 up $3.95. The euro equivalent was €1,052.67 up €1.67 Ahead of New York’s opening, gold was trading in London at $1,168.60 and in the euro at €1,053.03.

It Takes A Village

July 02, 2015
By SilverSeek

This is a short story. It has a purpose. Bear with me. A long time ago and far, far away there was a village that was occasionally raided by outlaws who took food, jewels, and women. The villagers were understandably angry but could do little to protect themselves.

Capital Controls and a Bank Holiday in Greece… Here’s How You Can Profit

July 02, 2015
By SilverSeek

Most people understand that it’s foolish to keep all their eggs in one basket. Yet they fail to go far enough in applying the principle. Diversification isn’t just about investing in multiple stocks or in multiple asset classes. Real diversification - the kind that keeps you safe - means holding assets in multiple countries, so that you’re not overexposed to the economic and political risks that are present in every country.

Silver Market Morning

July 02, 2015
By SilverSeek

New York closed at $1,168.50 down $4.00. Asia and London took it down to $1,164. The dollar was 0.75 of a cent stronger at $1.1054 and the dollar Index was higher at 96.37 after being 95.70. The LBMA gold price was set this morning at $1,164.30 down $7.40. The euro equivalent was €1,051.00 down €6.73. Ahead of New York’s opening, gold was trading in London at $1,162.60 and in the euro at €1,050.18.

Silver Market Morning

July 01, 2015
By SilverSeek

New York closed at $1,172.50 down $6.70. Asia and London held it there. The dollar was half a cent stronger at $1.1124 and the dollar Index was higher at 95.70 after being 95.24. Then the euro started to fall again and the LBMA gold price was set this morning at $1,171.70 down $3.30. The euro equivalent was €1,057.73 up €5.81. Ahead of New York’s opening, gold was trading in London at $1,170.20 and in the euro at €1,054.80.

Silver About to Turn More Volatile

June 30, 2015
By SilverSeek

Silver has moved sideways for about nine months, after it moved sideways from a slightly higher level for about 14 months. Boring!

June 26 Silver Flash Crash: A Forensic Analysis

June 30, 2015
By SilverSeek

On Friday morning, at around midnight (Arizona time), the price of silver had a little crash. It dropped 30 cents in 11 minutes. More importantly, it dropped more than 10 cents in a single second. Then, the price rose above its level before the event. Here is a graph of the event, with each tick representing one minute.

Silver Market Morning

June 30, 2015
By SilverSeek

New York closed at $1,179.20 up $5.10. Asia took it and London then pulled it back to $1,175.80. The dollar recovered by 1.5 cents to $1.1174 and the dollar Index was lower at 95.24 after being 95.61. The LBMA gold price was set this morning at $1,175 down $1.50. The euro equivalent was €1,051.92 down €12.79. Ahead of New York’s opening, gold was trading in London at $1,172.60 and in the euro at €1,048.23.

Silver Market Morning

June 29, 2015
By SilverSeek

New York closed at $1,174.10 up $1.00. Asia took it up $6 and London then pulled it back to $1,177. The dollar was 2 cents weaker at $1.1017 and the dollar Index was higher at 95.69 up from 95.10. The LBMA gold price was set this morning at $1,176.50 up $2.10. The euro equivalent was €1,064.71 up €16.75. Ahead of New York’s opening, gold was trading in London at $1,180.00 and in the euro at €1,056.87.

The Criminality of The Comex

June 29, 2015
By SilverSeek

How is this even legal? That's a serious question and I'd like a serious answer after the you read what is presented below. Immediately following the short squeeze in mid-May that resulted in a 10% price move in just five days, the "Large Specs" in silver set out to rebuild (or were tricked into rebuilding) a massive naked short position in Comex silver. As you can see on the chart below, over the past five weeks, these Large Specs have added 41,806 gross naked short contracts to their…

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