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Silver Market Updates

Silver Market Morning

The gold price closed at $1,327.70 up $8.00 on Wednesday in New York. In Asia, prices rose to $1,329.00 ahead of the London’ opening. London took the gold price up to $1,343.25 at the Fix up $20.75 and in the euro at €985.221 up €13.509, while the euro was stronger at $1.3634. Ahead of New York’s opening, gold was trading at $1,342.70 and in the euro at €986.19.

Silver Market Morning

The gold price closed at $1,319.70 10 cents higher than Tuesday in New York. In Asia, prices rose to $1,323.00 ahead of the London’ opening. London held the gold price around that level then the Fix was set at $1,322.50 up $4.25 and in the euro at €971.712 up €2.482, while the euro was slightly stronger at $1.3610. Ahead of New York’s opening, gold was trading at $1,323.80 and in the euro at €972.56.

Silver Market Morning

The gold price closed at $1,319.60 on Friday in New York. In Asia prices pulled back to $1,312 ahead of the London’ opening. In London it began to recover through $1,314 after the dollar, initially slightly stronger began to weaken again. The Fix gold was set at $1,313.25 down $8.25 and in the euro at €965.838 down €6.497, while the euro was weaker at $1.3597. Ahead of New York’s opening, gold was trading at $1,313.80 and in the euro at €966.88.

Market Report: Underlying strength

Gold and silver spent most of the week consolidating recent gains by moving broadly sideways, but their underlying strength was a notable feature. The first chart is of gold and its open interest on Comex.

Silver Market Morning

The gold price closed at $1,319.60 down $7.30 Thursday in New York. In Asia prices rose to $1,321 ahead of the London Fix which was set at $1,321.50 down $1.00 and in the euro at €972.335 up €3.754, while the euro was weaker at $1.3591 down over half a cent. Thereafter, gold held at roughly the same level being moved by dealers and arbitrageurs in line with the $: € exchange rate, clearly unimpressed by the success of the American Revolution.

THE COMING TWO-STAGE RALLY IN SILVER

As the MSM, Wall Street and various so-called analysts waste time focusing on worthless and insignificant data, the price of silver is positioning itself for the coming TWO-STAGE RALLY. The majority of the precious metals analysts discuss the revaluation of silver as it pertains to the amount of fiat currency in the system.

Silver Market Morning

The gold price closed at $1,326.90 up 10 cents on Wednesday in New York. In Asia prices dropped to $1,321 ahead of the London Fix which was set at $1,322.50 down $4.25 and in the euro at €968.581 down €2.401, while the euro stood almost unchanged at $1.3654. Ahead of the opening in New York the gold price was trading at $1,323.10 and in the euro at €969.06.

Silver Market Morning

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

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

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.

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