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Silver Market Updates

Silver Market Morning

April 09, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,308.80 up $12.30 on Tuesday, in New York. The gold price was Fixed in London at $1,309.75 down $5.00. In the euro, it Fixed at €949.920 down €5.22 as the euro was weaker at $1.3788 down from $1.3766: €1. Ahead of the opening in New York gold stood at $1,309.15 and in the euro at €948.45.

Monetary Collapse and Silver's Not So Orderly Rise

April 08, 2014
By Chris Mullen, Chief Content Manager

We are about to see the end of our current international monetary system. Based on much of the evidence that I have written about previously, this appears to be a certainty. The systematic build-up of this current monetary order went together with the gradual phasing out of silver from the monetary order.

Silver Market Morning

April 08, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,296.50 up $10.20 on Friday last week the same as yesterday, in New York. Asia showed renewed vigor and lifted the gold price to $1,308 ahead of London’s opening, after their holiday, before London lifted it over $1,312.00 ahead of the Fix. The gold price was Fixed in London at $1,314.75 up $21.25. In the euro, it Fixed at €955.14 up €11.393 as the euro was weaker at $1.3766 down from $1.3706: €1. Ahead of the opening in New York gold stood at $1,311.50 and…

Market Report: Quarter-end distortions in the gold market

April 04, 2014
By Chris Mullen, Chief Content Manager

The gold price continued last week's fall into Monday, which was the end of the first quarter of 2014. Since then having reached a low point of $1278 in New York trading, gold rallied to a high of $1294 on Tuesday before weakening on Thursday morning.

Silver Market Morning

April 04, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,286.30 down $5.70 on Thursday, in New York. Asia held the price there on Friday morning, before London lifted it over $1,290 ahead of the Fix. The gold price was Fixed in London at $1,293.50 up $6.25. In the euro, it Fixed at €943.747 up €8.653 as the euro was weaker at $1.3706 up from $1.3766: €1. Ahead of the opening in New York gold stood at $1,291.40 and in the euro at €941.97.

Silver Market Morning

April 03, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,292 up $7.50 on Wednesday, in New York. Asia held the price there on Thursday morning. London took it down $5. The gold price was Fixed in London at $1,287.25 up $3.25. In the euro, it Fixed at €935.094 up €4.187 as the dollar stood at $1.3766 up from $1.3793: €1. Ahead of the opening in New York gold stood at $1,286.65 and in the euro at €934.79.

Silver Market Morning

April 02, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,280.50 down $2.80 on Tuesday, in New York. Asia lifted the price $4 on Wednesday morning. London held it there at the opening. The gold price was Fixed in London at $1,284.00 down $2.50. In the euro, it Fixed at €93o.907 down €1.542 as the dollar stood at $1.3793 up from $1.3797: €1. Ahead of the opening in New York gold stood at $1,283.70 and in the euro at €930.86.

Gold versus Silver

April 01, 2014
By Chris Mullen, Chief Content Manager

First, silver tends to perform better than gold -- causing the gold/silver ratio to decline -- during the late stages of intermediate-term precious-metals rallies and especially during the late stages of cyclical precious-metals bull markets. It does so for the same reason that highly-speculative junior gold-mining stocks tend to be much stronger than their larger/lower-risk counterparts during the late stages of multi-year advances. As a rally progresses, speculators are emboldened to take…

Silver Market Morning

April 01, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,283.30 down $9.40 on Monday, after a week where the $1,290 level was the consolidation point, in New York. Asia lifted the price $3 on Tuesday morning as the start of the new month began. London took it down to $1,293.50 at the opening. The gold price was Fixed in London at $1,286.50 down $7.50. In the euro, it Fixed at €932.449 down €7.412 as the dollar stood at $1.3797 down from $1.3777: €1. Ahead of the opening in New York gold stood at $1,288.00 and in…

A Golden Opportunity Coming in Silver

March 28, 2014
By Chris Mullen, Chief Content Manager

Silver has been in a bear market for almost three years and the recent lack of strength suggests the metal could be headed for new lows. New lows are always bearish until the last one. Our technical work suggests that we should watch for a final low and end to the bear market in the coming months.

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