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Silver Market Updates

Silver Market Morning

April 01, 2015
By SilverSeek

New York closed at $1,184.20 down $1.30 from yesterday’s NY close. Asia lifted it to $1,187.60. The LBMA Gold price was set at $1,181.25 up $2.00. The euro equivalent stood at €1,097.92 up €0.09. Ahead of New York’s opening, gold was trading in London at $1,193.30 and in the euro at €1,107.42.

Silver Market Morning

March 31, 2015
By SilverSeek

New York closed at $1,185.50 down $17.90 this week. Asia took it down $3 before London set the LBMA Gold price at $1,179.25. The euro equivalent stood at €1,098.1 down €8.44. Ahead of New York’s opening, gold was trading in London at $1,184.45 and in the euro at €1,101.45.

Crazy Is My Middle Name

March 30, 2015
By SilverSeek

“We have read that “the fix is in” regarding our financial system. Of course this is not true. The following are perfectly normal examples of sanity and intelligence that conclusively demonstrate that our modern banking and financial system is fair, healthy, sensible, stable, and equitable for all. If you don’t fully understand these, it is likely that you are a person of average intelligence who does not comprehend the complexity of our modern system.

Gold & Silver Stocks Will Rise Again!

March 27, 2015
By SilverSeek

The XAU is an index of gold and silver stocks. It has been hammered hard since the gold and silver peaks in 2011. The XAU bottomed in November 2014 below 62 at a 14 year low, down approximately 73% from its 2011 high at approximately 230. As of Friday March 20 it closed at 69.27.

Market Report: FOMC minutes turned the tide

March 27, 2015
By SilverSeek

Following the release of the Federal Open Market Committee (FOMC) minutes last week, gold and silver have come alive, the gold price rising from a low of $1147 on 18th March to $1200 this morning and silver from $15.46 to $17.00, 4% and 10% increases respectively.

Silver Market Morning

March 27, 2015
By SilverSeek

New York closed at $1,203.40 up $7.80. Asia held it there before London opened, where it slipped to $1,107.00 ahead of the LBMA Gold price where it was set at $1,198 down $11.40 but higher than the market was trading before the price was set. The euro equivalent stood at €1,106.54 up €6.89. Ahead of New York’s opening, gold was trading in London at $1,200.40 and in the euro at €1,106.36.

Silver Market Morning

March 26, 2015
By SilverSeek

New York closed at $1,195.60 up $1.90. Asia took it much higher to $1,213 before London opened, where it slipped slightly to $1,210.6. The “LBMA Gold price” was set at $1,209.40 up $16.85 which was the euro equivalent of €1,099.65 up €14.08. Ahead of New York’s opening, gold was trading in London at $1,208 and in the euro at €1,097.98.

Is the tide turning for Precious Metals? Part II

March 25, 2015
By SilverSeek

In our new book The Silver Manifesto, David Morgan and I not only discuss the debt bomb waiting to explode in most every western world economy but also the fact that the Fed will NEVER willingly hike interest rates by any material degree because (i) the monetary policy in place isn’t conducive to economic growth, instead promoting vast misallocations of capital and (ii) because the U.S. economy is a debt based economy which needs constant debt financing, the Fed would never hike interest rates…

What’s Wrong With Silver?

March 25, 2015
By SilverSeek

Silver prices are largely set on the COMEX futures – paper silver. A company can post the margin and sell short thousands of contracts with no actual metal available thereby creating artificial supply. The reverse occurs when some company buys thousands of contracts. It is a paper game, but unfortunately it has tremendous influence on the price of real silver.

Silver Market Morning

March 25, 2015
By SilverSeek

New York closed at $1,193.70 up $3.10. Asia held it at $1,192 before London opened, where it held that level up until the “LBMA Gold price” setting. It was set at $1,192.55 down $0.65 which was the euro equivalent of €1,085.57, down €1.18. Ahead of New York’s opening, gold was trading in London at $1,194.40 and in the euro at €1,087.55.

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