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Silver Market Updates

Institutions Mislead The Public About Silver Investment Demand

May 02, 2014
By Chris Mullen, Chief Content Manager

There's a lot of shortsighted and incorrect silver analysis out there, so it's imperative that you consider the information in this article. CPM Group just announced the release of their 2014 Silver Yearbook. In their statement they implied that "Net Global Silver Investment" declined in 2013, while fabrication demand increased.

Gold and Silver continue to drift

May 02, 2014
By Chris Mullen, Chief Content Manager

Gold kicked off the week at just over $1300 before declining to a low of $1278 yesterday. Most of the time prices just moved sideways, drifting lower from time to time to test support. And when support materialised, the price quickly reacted upwards, because no bullion bank really wants to sell; instead they are trying to close short positions as profitably as possible.

May Decline in Gold and Silver Stocks Would Create Opportunity

May 02, 2014
By Chris Mullen, Chief Content Manager

Last week we noted that the gold and silver shares had formed a short-term rebound in response to an oversold condition. Yet we felt that the downtrend that originated from the hard reversal in March was still in effect. As we go to publish, the rebound appears to be petering out. Be aware that there is more potential downside in May. The good news is a decline in May will likely create a great buying opportunity at the end of the month and in June.

Silver Market Morning

May 02, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,284.90 down $5.50 on yesterday, in New York. In Asia it was being pulled back to $1,283 again and holding in London. The dollar recovered to $1.3858, 0.2 of a cent. The gold price was Fixed in London at $1,285.00 and in the euro at €927.262 while the euro was at $1.3858. Ahead of the opening of New York, gold stood at $1,287.00 and in the euro at €928.64.

Silver Market Morning

May 01, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,290.4 down $5.70 on yesterday, in New York. In Asia it was being pulled back to $1,283. London is closed today. The dollar weakened to $1.3880 nearly half a cent lower. Ahead of the opening of New York, gold stood at $1,286.10 and in the euro at €926.65.

Silver Market Morning

April 30, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,296.10 down $0.50 on yesterday, in New York. In Asia it was being pulled back to $1,293 just ahead of London’s opening, once again. In London it was Fixed this morning at $1,292.00 up $2.25 and in the euro at €934.674 up €4.655 as the dollar strengthened to $1.3823 before slipping slightly to $1.3834 ahead of the opening of New York, when gold stood at $1,292.30 and in the euro at €934.15.

Silver Market Morning

April 29, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,296.60 up $3.70 on yesterday, in New York. It was not showing any independent moves, simply moving with the dollar. In Asia it was being pulled back to $1,293 just ahead of London’s opening. In London it was Fixed this morning at $1,289.75 down $12.25 and in the euro at €930.019 down €6.805. The euro itself stood at $1.3868 barely changed. Ahead of the opening in New York gold stood at $1,290.40 and in the euro at €930.20.

Silver Market Morning

April 28, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,292.90 down $10.20 on the previous Friday, in New York. In the last week it was pushed back to support just above $1,280 but recovered in Asia and London to Fix this Monday morning at $1,302.00 and in the euro at €938.446 down only €3.169 on the last 11 days. The euro itself stood at $1.3874 half a cent stronger than 11 days ago. Ahead of the opening in New York gold stood at $1,301.00 and in the euro at €937.79.

Are ‘dollar bugs’ insane? Blind?

April 25, 2014
By Chris Mullen, Chief Content Manager

I’m not only an avid reader of precious metals articles on the Internet, I also love to read the reader comments that follow. This morning, I was struck by the comments that followed a brief interview with Peter Schiff (conducted by a reporter on The Wall Street Journal’s “marketwatch” website).

FMQ Update and valuing gold

April 25, 2014
By Chris Mullen, Chief Content Manager

 In the two months since my last update on USD Fiat Money Quantity, it has increased by $292bn to $12.861 trillion and is still growing rapidly as shown in the chart below.It is now 70.6% above where it would have been if it had grown at the long-term pre-banking crisis average monthly compound rate, represented by the red line in the chart.The reduction in the monthly rate of QE does not appear to have slowed the growth rate of FMQ. Indeed, the objective is for QE to be supplemented and…

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