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Silver Market Updates

Silver Market Morning

July 02, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,326.8, down $1.70 on Tuesday in New York. In Asia prices held around that level. In London, the Fix was set at $1,326.75 up $1.00 and in the euro at €970.982 up €2.504, while the euro stood weaker at $1.3664. Ahead of the opening in New York the gold price was trading at $1,326.60 and in the euro at €971.09.

For Silver Bulls, Expanded Coverage Starts Today

July 01, 2014
By Chris Mullen, Chief Content Manager

In response to popular demand, I’m going to start tracking silver more closely. “There is a lot of talk on the Internet about silver going up a lot around mid-July,” a chat-room denizen averred on Tuesday. Although I’m not one to be influenced by blogger buzz, if Silver is in fact developing thrust for a moon shot, the evidence should soon become apparent on the intraday charts. Most immediately, that would imply a pop through the p=21.325 midpoint Hidden Pivot shown (see inset). That would…

Silver Market Morning

July 01, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,328.50, up $12.40 on Monday in New York. In Asia prices were pulled back to $1,320.30. In London, the Fix was set at $1,325.75 up $12.75 and in the euro at €968.478 up €6.855, while the euro stood stronger at $1.3689. Ahead of the opening in New York the gold price was trading at $1,326.50 and in the euro at €968.85.

Silver Market Morning

June 30, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,316.10, down $0.10 on Friday in New York. In Asia prices fell to $1,313.40. In London, the Fix was set at $1,313.00 down $2.25 and in the euro at €961.623 down €4,691, while the euro stood slightly stronger at $1.3654. Ahead of the opening in New York the gold price was trading at $1,313.00 and in the euro at €961.76.

Precious metals building a base

June 27, 2014
By Chris Mullen, Chief Content Manager

It is three weeks since the managed money category on Comex placed their biggest bet ever recorded in recent times that silver was going lower, and also bet big-time that gold would sink below $1200. As is often the case when traders are so commonly committed to a price outcome they end up nursing some painful losses.

Silver Market Morning

June 27, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,316.20 down $3.10 on Thursday in New York. In Asia prices rose to $1,317.40. In London, the Fix was set at $1,315.25 up $3.75 and in the euro at €966.314 up €3.321, while the euro stood slightly weaker at $1.3611. Ahead of the opening in New York the gold price was trading at $1,315.80 and in the euro at €966.47.

Gold and Silver versus the Petrodollar Peril

June 26, 2014
By Chris Mullen, Chief Content Manager

Jim Goddard: Gold and silver versus petrodollar perils, maybe explain to us what you feel that is and why investors should be concerned about it. David Smith: Well, the petrodollar is a term for US dollars that are used by different countries in exchange for buying petroleum and other goods. It’s extensive enough that it has come to be called the reserve currency of the world – but now that status is beginning to change.

What Crude Oil Says about Silver

June 26, 2014
By Chris Mullen, Chief Content Manager

Crude oil prices have many reasons to explode higher and few to drop lower. The trend has been up for more than a decade. Central banks will print, politicians will instigate more wars and invasions, and each euro, yen, and dollar will purchase even less crude oil and gasoline. It is business as usual, but with an extra dollop of chaos, war, and price inflation tossed into the mix….

Silver Market Morning

June 26, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,319.3 up $0.30 on Wednesday in New York. In Asia prices pulled back to $1,315.80. In London, the Fix was set at $1,311.50 down 50 cents and in the euro at €962.993 down €1.429, while the euro stood stronger at $1.3619. Ahead of the opening in New York the gold price was trading at $1,310.60 and in the euro at €962.37.

Silver Market Morning

June 25, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,319 up $1.50 on Tuesday in New York. In Asia prices pulled back to $1,312. In London, the Fix was set at $1,312.00 down $11.00 and in the euro at €964.422 down €7.315, while the euro stood weaker at $1.3604. Ahead of the opening in New York the gold price was trading at $1,313.70 and in the euro at €965.60.

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