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Silver Market Updates

Silver Market Morning

April 28, 2015
By SilverSeek

New York closed at $1,202.40 up $23.80 on Monday. Asia held it there overnight as did London. The LBMA Gold price was set at $1,201.40 up $18.65. The euro equivalent stood at €1,100.69 up €9.07 while the dollar was weaker at $1.0916 down from $1.0832 against the euro. Ahead of New York’s opening, gold was trading higher in London at $1,201.90 and in the euro at €1,099.44.

Rock-Paper-Silver

April 27, 2015
By SilverSeek

The old game is Rock-Paper-Scissors in which rock breaks (wins against) scissors, scissors cuts (wins against) paper, paper covers (wins against) rock. The game is balanced with wins, losses, and draws.

Silver Market Morning

April 27, 2015
By SilverSeek

New York closed at $1,178.60 down $6.10 on Friday in NY. Asia lifted it to $1182 before the LBMA Gold price was set at $1,182.75 down $9.60. The euro equivalent stood at €1,091.62 down €8.25 while the dollar was virtually unchanged. Ahead of New York’s opening, gold was trading higher in London at $1,185.60 and in the euro at €1,094.48.

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.

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