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Silver Market Updates

Silver Market Morning

February 28, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,330.50 down $0.50 on Thursday in New York. Asia took it slightly lower to $1,327 and London held it there ahead of the Fix. London Fixed gold at $1,327.75 down $3.20. In the euro, it Fixed lower at €961.650 down €13.15, while the dollar stood at $1.3807 down over 1%. Ahead of the opening in New York gold stood at $1,330.75 and in the euro at €964.07.

Silver Analog

February 27, 2014
By Chris Mullen, Chief Content Manager

This week two investment firms came out expressing their disbelief that silver has any more upside, so investors may start getting nervous and begin asking the same question. Back on Feb 11, 2014 I wrote an article titled “Coffee to Outperform Precious Metals” and within the article I stated that Coffee looked to reach $1.75 per pound – today it reached $1.78. I had recommended buying the Coffee ETF – JO @ 23.28 and selling it at 32.99 for a 47% profit in 21 days. What I did not mention in that…

Silver Market Morning

February 27, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,329.00 down $11.60 on Wednesday in New York. Asia took it slightly lower to $1,325 but London started to lift it back up ahead of the Fix. London Fixed gold at $1,331 down $9.00. In the euro, it Fixed slightly lower at €974.806 down €0.50, while the dollar stood at $1.3654, 0.8 of a cent stronger. Ahead of the opening in New York gold stood at $1,332.85 and in the euro at €976.13.

Eric Sprott: We’re Looking For Ways To Survive "[The] Counterfeiting Of Money”

February 26, 2014
By Chris Mullen, Chief Content Manager

During a time of rebounding precious metals and mining equity prices, Eric Sprott, Chief Executive Officer and Senior Portfolio Manager of Sprott Asset Management, was kind enough to share a few comments. According to Eric, we’ve reached an inflection point in the precious metals, where he believes a prudent speculator may find great opportunity. Here are his full interview comments with Sprott Global Resource Investment Ltd.’s Tekoa Da Silva.

Silver Market Morning

February 26, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,340.60 up $2.80 on Tuesday in New York. Asia held there as did London. London Fixed it at $1,340.00 up $7.25 cents. In the euro, it Fixed higher at €975.326 up nearly €6.00, while the dollar stood at $1.3739 barely changed. Ahead of the opening in New York gold stood at $1,339.55 and in the euro at €975.00.

Silver Market Morning

February 25, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,337.80 up $14.30 on Monday in New York. Asia held it just below that but London took it lower. London Fixed it at $1,332.75 down 25 cents. In the euro, it Fixed higher at €969.484 nearly €1.00 higher, while the dollar stood at $1.3747 a tad stronger. Ahead of the opening in New York gold stood at $1,333.25 and in the euro at €969.32.

Silver Linings Playbook

February 24, 2014
By Chris Mullen, Chief Content Manager

The premise behind the movie (and book) Silver Linings Playbook is certainly a noble one, but not as profound as that of silver itself, which will have quite a playbook of its own in the not too distant future. In the story, the heroes, Pat and Tiffany, overcome adversity by maintaining a positive attitude in attempting to see a ‘silver lining’ in their uncertain circumstances, ironically, much like silver investors today. And in the end the two lovers find themselves in a ‘happy ending’, which…

THE COMING SILVER STORM: The Public Is Not Prepared

February 24, 2014
By Chris Mullen, Chief Content Manager

The financial sky is growing dark. The stock markets are experiencing volatile trade winds. The barometer of the economy grows weak as indicators point to another recession looming on the horizon. The Precious Metal Storm is coming... unfortunately, the public is not prepared. I believe the U.S. and world are heading toward an economic collapse that civilization has never witnessed before. Even though we have suffered greatly through World Wars and global depressions, we have always been able…

Silver Market Morning

February 24, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,323.50 20 cents lower on Friday in New York. Asia took it up to $1,329.55 ahead of London’s opening on Monday. London Fixed it at $1,333.00 up $12.25. In the euro, it Fixed higher at €968.539 just over €5.00, while the dollar stood at $1.3763 a tad weaker again. Ahead of the opening in New York gold stood at $1,332.15 and in the euro at €970.25.

Gold and silver extend their rallies amid escalating Chinese demand for gold

February 21, 2014
By Chris Mullen, Chief Content Manager

This week has seen precious metals prices rise strongly, with the bears caught on the hop. The chart below shows gold which at the time of writing has been consolidating under overhead supply in the $1330-50 level.

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