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Silver Market Updates

Market Report: A week of further consolidation

April 24, 2015
By SilverSeek

Precious metals continued their consolidation this week, with gold drifting off $10 to $1195 as of last night, and silver by $0.42 to $15.85. Intra-day trading ranges are relatively tight with buyers of physical metal on the dips and sellers of paper contracts capping rises.

Twilight Zone Economies – Part 2

April 24, 2015
By SilverSeek

The “fair value” of gold for 2015 is approximately $1,527, based on my empirical model for the price of gold back to 1971. The model is NOT a timing model, but is a valuation model that uses 3 macro-economic variables (not gold or silver) to calculate a “fair” value for gold. The statistical correlation between the smoothed annual price of gold since 1971 and the model projection is 0.98. It works, is logical, and projects much higher prices in the years ahead.

Silver Market Morning

April 24, 2015
By SilverSeek

New York closed at $1,194.70 up $7.90 on Thursday in NY. Asia held it there before the LBMA Gold price was set at $1,192.15 up $4.90. The euro equivalent stood at €1,099.87 down €5.84 while the dollar was stronger at $1.0834 against yesterday’s $1.0742. Ahead of New York’s opening, gold was trading lower in London at $1,192.30 and in the euro at €1,101.74.

Silver Market Morning

April 23, 2015
By SilverSeek

New York closed at $1,186.80 down $15.00 on Wednesday in NY. Asia again lifted the gold price to $1,189 and London held it there. The LBMA Gold price was set at $1,187.75 down $14.65. The euro equivalent stood at €1,105.71 down €14.58 while the dollar was weaker at $1.0742 against yesterday’s $1.0784. Ahead of New York’s opening, gold was trading lower in London at $1,190.20 and in the euro at €1,107.42.

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…

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