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Silver Market Updates

Market Report: Strong dollar undermines precious metals

September 12, 2014
By Chris Mullen, Chief Content Manager

Precious metals have had to endure a week of gathering dollar strength, which is at least partly the result of problems specific to the euro, yen and sterling. The result is gold has fallen a further $30 over the week, and silver by about $0.70c. The first chart is of gold and open interest on Comex.

Interview with Gary Christenson: Gold Prices in 3 Waves, Silver Is Inexpensive & The Stock Market/Gold Relationship

September 11, 2014
By Chris Mullen, Chief Content Manager

- Influence of geopolitics on gold - Gold prices in 3 waves 1971 – 2014 - Is gold in a correction? - The US gold in Fort Knox is secure, gone or irrelevant? - Is gold related to a collapse of the US dollar? - How to invest in gold? Physical or ETFs

Silver Market Morning

September 11, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,250.00 down $4.60 on Wednesday in New York after falling to $1,245. In Asia and London, gold prices recovered back to $1,250. The gold price was Fixed at $1,247.00 down $8.75 and in the euro at €964.20074.507 down €10.307 while the euro was stronger at $1.2933. Ahead of New York’s opening, gold was trading at $1,240.90 and in the euro at €960.67.

Silver Market Morning

September 10, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,254.60 down $1.00 on Tuesday in New York. In Asia and London, gold prices held $1,256.00. The gold price was Fixed at $1,255.75 down $0.25 and in the euro at €974.507 down €0.27 while the euro was unchanged at $1.2886. Ahead of New York’s opening, gold was trading at $1,253.00 and in the euro at €967.90.

For September/October We Suggest Watching Traders the CFTC Classes as Other Reportables in Silver Futures

September 07, 2014
By Chris Mullen, Chief Content Manager

First, as silver prices edged $0.20 or 1.2% lower (actually less of a move than might have been expected given huge U.S. dollar relative strength), from $19.35 to $19.15 (as of Tuesday, September 2), trend following Managed Money traders (large hedge funds, commodity pool operators, commodity trading advisors, etc., aka “The Funds”) piled on a whopping 7,396 short contracts in COMEX silver futures, from 28,228 to 35,624 gross shorts.

Market Report: Short-sellers driving prices

September 05, 2014
By Chris Mullen, Chief Content Manager

Gold and silver had a bad week, with gold falling $25 to a low of $1262 by the Comex close yesterday, and silver by $0.50. This morning UK-time prices opened a little better on overnight physical demand, no doubt stimulated by those lower prices. The background to this poor performance was dollar strength relative to weak currencies, with the yen, euro and pound all declining sharply.

How can miners ‘fight back?’ Here’s my list...

September 04, 2014
By Chris Mullen, Chief Content Manager

My previous column asked the question, “Why don’t the miners fight back” against price suppression of precious metals? Today, I list several actions mining executives, acting together as a unified group, could undertake to expose and hopefully end the non-”free market” tactics that are keeping gold and silver prices suppressed.

Gold & Silver Trading Alert: Gold’s Plunge, Dollar, and CCI

September 03, 2014
By Chris Mullen, Chief Content Manager

The precious metals sector moved sharply lower yesterday – in tune with its medium-term trend. The decline was to a large extent connected with the breakout in the USD Index. It seems that it is the U.S. dollar that will determine the short-term moves in PMs and miners in the coming days and in today’s alert we focus on this relationship. The CCI Index seems to be in a particularly interesting position as well and this is something that gold & silver traders should be aware of.

Silver Market Morning

September 03, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,265.20 down$22.10 on Tuesday in New York. In Asia and London, gold prices were slightly higher at $1,268.40. The gold price was Fixed at $1,268.5 down $9.25 and in the euro at €965.667 down €13.727, while the euro was weaker at $1.3136. Ahead of New York’s opening, gold was trading at $1,268.20 and in the euro at €964.04.

Silver Market Morning

September 02, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,287.30 down $2.00 on Friday in New York. In Asia and London, gold prices were lower in both the dollar and the euro at $1,275. The gold price was Fixed at $1,277.75 down $9.50 and in the euro at €974.42 down €4.924, while the euro was weaker at $1.3113. Ahead of New York’s opening, gold was trading at $1,270.60 and in the euro at €968.85.

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