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Silver Market Updates

Silver Market Morning

November 13, 2014
By Chris Mullen, Chief Content Manager

The gold price closed down at $1,160.10 down $5.70 in New York on Wednesday. London took it down to $1,156 ahead of the Fix. It was Fixed at $1,161.00 down $2.25 and in the euro at €930.811 down €3.601, while the euro stood stronger at $1.2473. The volumes of net gold traded were two sellers selling 56,000 ounces and two buyers buying 40,000 ounces before the pro-rata process kicked in. Ahead of New York’s opening, gold was trading at $1,163.20 and in the euro at €932.76.

PRIMARY SILVER MINERS: Losing Nearly $3.00 For Every Ounce Of Production

November 13, 2014
By Chris Mullen, Chief Content Manager

With more than half of the primary silver miners financial results for the third quarter finally out, the group is now losing nearly $3.00 an ounce at the current market price of silver. We can thank the Fed and Bullion Banks for rigging the paper silver price well below the estimated average break-even for the primary silver miners.

Did Silver’s Bear Market End in June?

November 12, 2014
By Chris Mullen, Chief Content Manager

And so here we are – approaching mid-month with a freshly printed lower-low of $15.04 in place – with the possibility of a rally higher. Yet it's still early to confirm whether “the bottom” is in for silver and “the beginning” of silver’s next leg higher is already in process, as this can only be confirmed in the rear view mirror.

Silver Market Morning

November 12, 2014
By Chris Mullen, Chief Content Manager

The gold price closed down at $1,165.80 up by $16.20 in New York on Tuesday. It then moved up slightly to $1,169 before London’s opening. It was Fixed at $1,163.25 up $12.00 and in the euro at €934.412 up €6.508, while the euro stood stronger at $1.2450. The volumes of net gold traded were two sellers selling 22,000 ounces and two buyers buying 42,000 ounces before the pro-rata process kicked in. Ahead of New York’s opening, gold was trading at $1,163.60 and in the euro at €934.21.

Silver to S&P Ratio: What It Tells Us

November 11, 2014
By Chris Mullen, Chief Content Manager

Based on Friday’s upticks, last week may have been the turning point for silver prices and the silver to S&P ratio. Or perhaps the S&P will continue reaching for the sky even though QE is supposedly diminishing, while silver prices drop further below the cost of production. Both seem unlikely but we shall see.

Silver Market Morning

November 11, 2014
By Chris Mullen, Chief Content Manager

The gold price closed down at $1,149.40 by $24 in New York on Monday. It then moved up slightly to $1,152.30 before London’s opening. It was then Fixed at $1,151.25 down $20.75 and in the euro at €927.904 down €10.296, while the euro stood weaker at $1.2407. The volumes of net gold traded were two sellers selling 60,000 ounces and two buyers buying 46,000 ounces before the pro-rata process kicked in. Ahead of New York’s opening, gold was trading at $1,151.40 and in the euro at €927.91.

Prices of Gold/Silver Companies to Double from Here?

November 10, 2014
By Chris Mullen, Chief Content Manager

Silver is down 70% from its high of $48.70 an ounce back in April of 2011. And the calls from the mainstream are for silver prices to fall farther, as the Federal Reserve has stopped printing paper money and inflation is nowhere in sight. I beg to differ.

$15 Silver? You can't have any!

November 10, 2014
By Chris Mullen, Chief Content Manager

Here we go again, silver has been trashed to $15! But don't fear as this "trashing" in my opinion is going to be like Custer's last stand, let me explain. Just as in past episodes, the artificially suppressed prices have brought out 1,000's of "Indians" all over the world as buyers of physical metal. I use this analogy of "Indians" because prior to this last 5 years, it was in fact consumers from India (whom are so very price sensitive) who would step up in the physical market to eat up…

Silver Market Morning

November 10, 2014
By Chris Mullen, Chief Content Manager

The gold price closed up $30.40 in New York on Friday. It then moved down slightly to $1,172 before London’s opening. It was then Fixed at $1,172 up $27.00 and in the euro at €938.200 up €14.813, while the euro stood stronger at $1.2492. The volumes of net gold traded were three sellers selling 50,000 ounces and one buyer buying 40,000 ounces before the pro-rata process kicked in. Ahead of New York’s opening, gold was trading at $1,171.40 and in the euro at €937.91.

Silver and Powerful Forces

November 07, 2014
By Chris Mullen, Chief Content Manager

For several years it seems that powerful forces have been aligned against gold and silver. What will happen to prices when some or all of those powerful forces reverse and align in favor of precious metals, for their own protection and profit?

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