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Silver Market Updates

Gold, Golf, & Silver ... are Similar

August 07, 2015
By SilverSeek

As I write this, gold prices on the COMEX have sold off $10 and some “gold bugs” are worried and scared. This is normal. Trust central banks and governments to force gold prices far higher. Also, thousands of (right handed) golfers are currently slicing right on dog-leg left fairways. Golfers will find their balls, recover, and play again tomorrow. Gold prices will rally “tomorrow,” the sun will rise, governments will spend too much, and golfers will strive for the perfect swing.

Silver Market Morning

August 07, 2015
By SilverSeek

On Thursday New York closed at $1,089.30 up $4.30. The dollar is barely changed at $1.0911, with the dollar Index the same at 97.90. This morning the LBMA gold price was set at $1,091.35 up $6.35. The euro equivalent was €997.76 up €2.44. Ahead of New York’s opening, gold was trading in London above $1,091.20 and in the euro at €997.62.

Silver Market Morning

August 06, 2015
By SilverSeek

On Wednesday New York closed at $1,085.00 down $3.20. The dollar is slightly weaker at $1.0901 down from $1.0860, with the dollar Index weaker at 97.90 down from 98.12. This morning the LBMA gold price was set at $1,085.00 down from $1,086.50. The euro equivalent was €995.32. Ahead of New York’s opening, gold was trading in London above $1,085.60 and in the euro at €995.69.

Silver Market Morning

August 05, 2015
By SilverSeek

On Friday New York closed at $1,088.20 up $1.90. The dollar is relatively strong at $1.0860 up from $1.0977, with the dollar Index stronger at 98.12 up from 97.32. This morning the LBMA gold price was set at $1,086.50 down from $1,092.60 down $6.10. The euro equivalent was unchanged from yesterday. Ahead of New York’s opening, gold was trading in London above $1,091.50 and in the euro at €1,001.15.

Leaving the Information Grid

August 04, 2015
By SilverSeek

We've been off the information grid for nearly a month now. Oh, we've still got electricity, the internet, the gas and water and sewer connexions, but a month ago the satellite went away at our command, so no more government and corporate news at 6 p.m. or the Sunday morning food-fights.

Silver Market Morning

August 04, 2015
By SilverSeek

On Friday New York closed at $1,086.30 down $8.90. The dollar is relatively unchanged at $1.0977, with the dollar Index almost the same at 97.32. This morning the LBMA gold price was set at $1,092.60 down $0.40. The euro equivalent was €995.35 down €1.96 on Monday. Ahead of New York’s opening, gold was trading in London at $1,093.10 and in the euro at €995.76.

Investment Silver Demand Draining COMEX Vaults

August 03, 2015
By SilverSeek

If there are words to characterize the precious metals markets for July, it would be “divergences” and “shortages.” There was heavy selling in the leveraged futures market and extraordinary buying demand and shortages in physical coins, rounds, and bars.

Silver Market Morning

August 03, 2015
By SilverSeek

On Friday New York closed at $1,095.20 up $8.10. The dollar is relatively unchanged at $1.0970, with the dollar Index almost the same at 97.37. This morning the LBMA gold price was set at $1,093 up $12.95. The euro equivalent was €997.31 up €12.22 on Friday. Ahead of New York’s opening, gold was trading in London at $1,092.20 and in the euro at €996.62.

The Silver Manipulation Con Continues at the Highest Levels of Government

August 01, 2015
By SilverSeek

The US Mint is not a very good liar. They are manipulating their sales data to stifle silver investor sentiment. My fight with the US Mint goes back 7 years. I wrote them in June 2008 to point out that stopping production of the US Silver Eagles was AGAINST THE LAW because the law required them to produce SAE's "in quantities sufficient to meet public demand." Since that time, and through my continual pestering over the years, they CHANGED THE LAW to make the US Treasury Secretary the one who…

Markets In Limbo

July 31, 2015
By SilverSeek

Precious metals appear to be in limbo: speculative buyers are discouraged above all by their disappointing performance during the Greek crisis, and the possibility that a Chinese stock market crash might lead to forced selling of gold by Chinese speculators. So far, the latter concern has proved unfounded with public demand in China accelerating on lower prices and exceeding global mine output on its own. As well as Chinese demand, anecdotal evidence tells us that at these prices physical…

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