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Silver Market Updates

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.

Silver Market Morning

March 28, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,292.50 down $8.50 on Thursday in New York. All the falls in the last week have happened in New York, but on thin trade. Asia lifted it to $1,296. London then held it at $1,295 at the opening. The gold price was Fixed in London at $1,295.75 up $0.75. In the euro, it Fixed at €944.149 up €2.057 as the dollar stood at $1.3724 up from $1.3846: €1. Ahead of the opening in New York gold stood at $1,295.40 and in the euro at €943.07.

March 27: Gold Slips But Miners Gain

March 27, 2014
By Chris Mullen, Chief Content Manager

Gold fell $10.29 to $1289.32 at about 3PM EST before it rallied back higher in the last hour of trade, but it still ended with a loss of 0.65%. Silver slipped to as low as $19.609, in London, but it then chopped back higher in New York and ended unchanged on the day.

May Silver Has Slipped Off Another Ledge

March 27, 2014
By Chris Mullen, Chief Content Manager

Sellers did some damage to the hourly chart yesterday, opening a path to the 19.075 downside target shown, or perhaps to 18.930 if any lower. There will be a last-ditch opportunity for this vehicle to turn higher from 19.875, the Hidden Pivot target of a lesser pattern. Please be aware, however, that a rally first to its midpoint sibling, 19.875, can be shorted cautiously. For information about Rick’s proprietary trading system and the upcoming Hidden Pivot/Camouflage Webinar in April, along…

Should I bet the house on silver?

March 26, 2014
By Chris Mullen, Chief Content Manager

A life event recently tested how strong my convictions are on the question of where silver and gold prices are headed in the next 12 or so months. What happened is I received notice from a tenant of mine informing me he is not renewing his lease when it expires at the end of May.

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