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Silver Market Updates

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.

Silver Market Morning

June 24, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,317.50 up $3.50 on Monday in New York. In Asia prices rose a dollar. In London, the Fix was set at $1,323.00 up $9.50 and in the euro at €971.437 up €4.419, while the euro stood stronger at $1.3619. Ahead of the opening in New York the gold price was trading at $1,324.10 and in the euro at €972.07.

Gold versus Silver

June 23, 2014
By Chris Mullen, Chief Content Manager

Most commentators that I read are more bullish on silver than gold. Not me, I am in the minority camp being far more bullish on gold than I am on silver. Now, let me tell you why I feel this way. In 1717, Sir Isaac Newton, who was then master of the Royal Mint in London, established a new mint ratio between silver and gold, which effectively put Britain on a gold standard. During the Napoleonic Wars Britain curtailed convertibility. This was reestablished in 1821 with the new £1 sovereign…

Has key to silver ‘bet’ finally changed?

June 23, 2014
By Chris Mullen, Chief Content Manager

Regarding the question of current and near-future prices of precious metals, it occurs to me that we might be in the midst of a revealing test. Are prices now - finally - “breaking out” and heading skyward? Or: Are the Powers That Be still in control and easily able to cap prices wherever and whenever they like?

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