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Silver Market Updates

Silver Market Morning

October 17, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,239.50 up $1.70 on Thursday. Asia took it slightly higher over $1,240 ahead of London’s opening. The euro is only slightly stronger than of late at $1.2805. The Fix was set $1,238.00 down $3.00 and in the euro at €966.885 down €2.495, while the euro stood stronger at $1.2804. The volumes of gold traded were two seller selling 36,000 ounces and two buyers buying 26,000 ounces before the pro rata arrangement kicked in. Ahead of New York’s opening, gold was trading at…

SILVER MINER SUSPENDS SALES: 35% Of Production Due To Low Prices

October 16, 2014
By Chris Mullen, Chief Content Manager

The first primary silver miner in the industry just announced that it suspended sales of silver during the 3rd quarter due to the low market price of silver. First Majestic suspended sales of 35% of its Q3 silver production. This was a significant amount as it was nearly 1 million oz of its 2.7 million oz production that quarter.

Fire, Water...and the "4 G's"

October 16, 2014
By Chris Mullen, Chief Content Manager

I have thought about writing this type of piece many times before but have only touched on the subject several times. I had decided in the past not to venture forth because I was afraid that what I wrote might be perceived incorrectly and turn readers off to my main message of protecting themselves financially. What I am about to write assumes we will have at least a short period of time where life goes back if not 150 years, but maybe to "caveman days".

Silver Market Morning

October 16, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,237.80 up $4.40 on Wednesday. Asia took it higher to $1,239.75 ahead of London’s opening. The euro is over 1.5 cents stronger at $1.2802. The Fix was set $1,241.00 up $17.50 and in the euro at €969.380 up €1.805, while the euro stood stronger at $1.2802. The volumes of gold traded were one seller selling 32,000 ounces and two buyers buying 18,000 ounces before the pro rata arrangement kicked in. Ahead of New York’s opening, gold was trading at $1,242.80 and in the…

Silver Market Morning

October 15, 2014
By Chris Mullen, Chief Content Manager

The Fix was set $1,223.50 down $9.50 and in the euro at €967.575 down €7.373, while the euro stood weaker at $1.2645. The volumes of gold traded were three sellers selling 38,000 ounces and one buyer buying 18,000 ounces before the pro rata arrangement kicked in. Ahead of New York’s opening, gold was trading at $1,223.80 and in the euro at €967.78.

Silver Market Morning

October 14, 2014
By Chris Mullen, Chief Content Manager

The Fix was set $1,233.00 up $5.00 and in the euro at €974.949 up €5.807, while the euro stood weaker at $1.2647. The volumes of gold traded were three sellers selling 48,000 ounces and one buyer buying 32,000 ounces before the pro rat arrangement kicked in. Ahead of New York’s opening, gold was trading at $1,233.2 and in the euro at €974.70.

Silver, Warfare and Welfare

October 14, 2014
By Chris Mullen, Chief Content Manager

US policies that promote warfare and welfare have produced massively increased debt, much higher consumer prices, larger government, and more central bank intrusion into the markets. And yes, higher silver and gold prices also resulted from these policies.

Market Report: Market turbulence

October 10, 2014
By Chris Mullen, Chief Content Manager

This week has seen highly volatile equities (mostly down), bond yields sharply lower, the oil price hard down, and gold side-lined but recovering after a miserable month or two.

Silver Market Morning

October 10, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,223.70 up $1.20 since yesterday. Asia held it there. London held it around that level after a small dip to $1,218. The euro a cent ahead of the Fix, which was set $1,222.25 down $5.25 and in the euro at €964.374 up €2.383, while the euro stood at $1.2674 down just short of a cent. The volumes of gold traded were one seller selling 22,000 ounces and two buyers buying 32,000 ounces before the pro rat arrangement kicked in. Ahead of New York’s opening, gold was…

U.S. MINT RECORD SILVER EAGLE SALES: Best All Year

October 09, 2014
By Chris Mullen, Chief Content Manager

After the recent price smash in silver, investors purchased a record amount of Silver Eagles. In the first eight days of October, the U.S. Mint sold a great deal more Silver Eagles than it did during the same time period in all the months throughout the year.

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