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Silver Market Updates

Silver Market Morning

June 03, 2015
By SilverSeek

New York closed at $1,193.40 up $3.70 on Monday as the trading range remains tight but pushing up persistently. Today sees the dollar weaker at $1.1126 down from $1.0898 against the euro with the dollar index at 96.05. The LBMA Gold Price was set at $1,186.60 down $2.15 and the equivalent euro price was €1,061.83 down €20.92. Once again this was a currency play against a weaker dollar and stronger euro. Ahead of New York’s opening, gold was trading in London at $1,188.60 and in the euro at €1…

Gold & Silver: The June Swoon

June 02, 2015
By SilverSeek

The month of June is typically a boring one for gold and silver price action, although the latter half of the month tends to be a bit better for gold. That’s the seasonal chart for silver, courtesy of Dimitri Speck. India is the world’s main market for silver, and demand shrivels a bit during the May – June timeframe. As a result, the silver price usually swoons, and frustrated investors can make irrational statements about this mighty metal.

Silver Market Morning

June 02, 2015
By SilverSeek

New York closed at $1,189.70 up $1.20 on Friday as the trading range remains tight. Today sees the dollar stronger at $1.0898 against Friday’s $1.0949 against the euro with the dollar index at 97.48. The LBMA Gold Price was set at $1,188.75 up $1.45 and the equivalent euro price was €1,082.75. Once again this was a currency play against a weaker dollar and stronger euro. Ahead of New York’s opening, gold was trading in London at $1,188.60 and in the euro at €1,078.10 with the euro recovering.

Bikers, Bonds, and Black Swans

June 01, 2015
By SilverSeek

A “black swan” event occurred at a gathering of outlaw bikers on Sunday, May 17 in Waco, Texas. According to news stories a fight broke out between several motorcycle gangs at the Twin Peaks restaurant. At least nine bikers are dead, another 17 were injured, and perhaps as many as 170 were detained or jailed.

Silver Market Morning

June 01, 2015
By SilverSeek

New York closed at $1,189.70 up $1.20 on Friday as the trading range remains tight. Today sees the dollar stronger at $1.0898 against Friday’s $1.0949 against the euro with the dollar index at 97.48. The LBMA Gold Price was set at $1,187.3 down $3.10 and the equivalent euro price was €1,087.375. Ahead of New York’s opening, gold was trading in London at $1,189.50 and in the euro at €1,086.80 with the euro recovering slightly.

Silver Eagle Rationing Ends...at Just the Right Time!

May 29, 2015
By SilverSeek

Those of you who have followed my work know that I have been fighting for the original intent and purpose of the US Eagle Program to be upheld by the US Mint and the US Treasury. I have written countless letters to the Mint and Treasury proving that the rationing of US Silver Eagles was 100% against the law. Here was my first letter to the Treasury and Mint after they announced their original rationing plan...

Lunch With Elvis

May 29, 2015
By SilverSeek

Elvis and I had lunch last week. We dined on Sasquatch burgers, fried Unicorn fritters, and we were joined by “the lone gunman.” We had our special luncheon in the main vault room of the Fort Knox Bullion Depository in Kentucky. It was practically empty so converting it to a dining area was relatively easy.

Silver Market Morning

May 28, 2015
By SilverSeek

New York closed at $1,187.50 down $0.20 on yesterday as the trading range tightens once more. Today sees the dollar almost the same as yesterday at $1.0939 against the euro with the dollar index at 97.13. The LBMA Gold Price was set at $1,189.45 up $1.60 and the equivalent euro price was €1,087.75. Ahead of New York’s opening, gold was trading in London at $1,188.00 and in the euro at €1,086.87 reflecting a weaker dollar.

Silver Market Morning

May 27, 2015
By SilverSeek

New York closed at $1,187.70down $6 on yesterday after another opening effort in New York to drive the gold price down on the back of a stronger dollar. Today sees the dollar holding at $1.09 against the euro with the dollar index at 97.00. Asia saw gold moving to $1,190 ahead of London’s opening. The LBMA Gold Price was set at $1,187.85 and the equivalent euro price was €1,089.87. Ahead of New York’s opening, gold was trading in London at $1,186.20 and in the euro at €1,090.56.

“Suicidal Credit-Based Money System”

May 26, 2015
By SilverSeek

The US national debt exceeds $18 Trillion, NOT including off-balance sheet items, Fannie and Freddie, and unfunded obligations such as future payments for military pensions, Social Security, Medicare, and more. Depending on who is counting, add another $100 - $200 Trillion in debt.

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