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Silver Market Updates

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.

An open letter to the mining industry

October 09, 2014
By Chris Mullen, Chief Content Manager

Below is a letter I plan to send to each producing mining company and precious metals mutual fund that I own personally. Gold and silver prices have been diluted by paper contracts to the point where no money can be made producing gold and an industry loss producing silver. Years ago, Rob McEwen of Goldcorp decided to withhold the sale of gold production to be held in their treasury until prices were higher. THIS is exactly what needs to be done now as a counterbalance to the unbacked paper…

Silver Market Morning

October 09, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,222.50 up $11.90 since yesterday. Asia followed through on the rise to take it up to $1,227 once again. London held it at higher levels. The euro continued to recover and stood at $1.2760, up a full cent on yesterday. The gold price was Fixed at $1,227.50 up $7.50 and in the euro at €961.991 down €1.522, while the euro stood at $1.2760. Ahead of New York’s opening, gold was trading at $1,227.60 and in the euro at €962.14.

David Morgan's Secret to Being Grateful, Even at $17 Silver

October 08, 2014
By Chris Mullen, Chief Content Manager

Manipulation and apathy can't keep silver prices down forever; there is too much demand and too much money sitting on the sidelines. In this interview with The Gold Report, Silver-Investor.com Editor David Morgan tells us why he is grateful for his balanced approach to investing and life.

$0 Silver: The Price Point of Liberty

October 08, 2014
By Chris Mullen, Chief Content Manager

A few years ago when silver was approaching the magical $50 resistance point, I wrote an article claiming $50 silver as the Price Point of Liberty. Today I realize their are two price points of Liberty, $50 and somewhere before the price of silver reaches $0. Range limited, managed silver prices have been kept below $50 since 1980, regardless of inflation or the asymptotic decline in silver production and the drastic decline in production grams-per-ton and the exorbitant increase in national…

Silver Market Morning

October 08, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,210.60 down nearly $7 since last Monday. We missed a fall to the third bottom at below $1,180/90 during the week of our absence. But Asia followed on with the recovery rising to $1,218 in Asia and early London. This level takes it back to where it was a week ago. The euro has fallen during the week to $1.2645 only 0.0036 lower, despite efforts by the Bundesbank to hold it higher, going against E.C.B. wishes. The gold price was Fixed at $1,220 and in the euro at €963…

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