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Silver Market Updates

Has key to silver ‘bet’ finally changed?

June 23, 2014
By Chris Mullen, Chief Content Manager

Regarding the question of current and near-future prices of precious metals, it occurs to me that we might be in the midst of a revealing test. Are prices now - finally - “breaking out” and heading skyward? Or: Are the Powers That Be still in control and easily able to cap prices wherever and whenever they like?

Monetary Metals Silver Headfake Report: 22 June, 2014

June 23, 2014
By Chris Mullen, Chief Content Manager

Something extraordinary occurred this week. On Wednesday, the Fed made a routine announcement. That day, the price of silver was rising, but not out of the normal. Fireworks began on Thursday, and in 6 hours, the price of silver skyrocketed by 5%.

Silver Market Morning

June 23, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,314.00 down $4.20 on Friday in New York. In Asia prices rose a dollar. In London, the Fix was set at $1,313.50 up $3.50 and in the euro at €967.018 up €4.06, while the euro stood weaker than Friday at $1.3583. Ahead of the opening in New York the gold price was trading at $1,312.65 and in the euro at €966.78.

Is The Silver and Gold Bull Market Over?

June 20, 2014
By SilverSeek

This chart illustrates how little the inflation adjusted price of silver has increased in value relative to the previous high set back in 1980. With government stimulus and money printing at an all time high, one would expect the price of silver to be much higher in 2014 than 1980. We would also like to point out that we used the government issued CIP as our measure of inflation and some believe this calculation to be bias to the downside.

Gold and Silver Explode Higher! Is it Finally Time to Buy?

June 20, 2014
By SilverSeek

As bullish as I am on precious metals going forward, it is important to realize that manipulation is still occurring and there are banks with access to nearly unlimited funds and extreme leverage via futures markets that can slam the price down at will. They are finally being exposed and even fined for the manipulation, putting an end the cries of “conspiracy theory.” But I am not convinced that they are out of the market quite yet.

June Lows Often Mark the Beginning of a Long Rally in Gold and Silver.

June 19, 2014
By Chris Mullen, Chief Content Manager

This chart courtesy www.seasonalcharts.com shows the historical trend of the price of gold, based on 30 years of data. Once the doldrums of June and July are out of the way, price usually rises until January-February. The challenge is to catch the June lows.

GDXJ Signals that MAJOR BREAKOUT and STRONG PM SECTOR ADVANCE IMMINENT...

June 19, 2014
By Chris Mullen, Chief Content Manager

Most investors or would-be investors in Precious Metals stocks are so soured by the seemingly interminable bearmarket in the sector, that has gone on for 3 years now and been made even worse by its having unfolded against the background of a rising stockmarket, that they won’t see the major opportunity now being presented, even when it’s as plain as the nose on your face, which it is. This is a bit sad really, because huge profits look set to be reaped by those buying the sector now.

Silver Market Morning

June 19, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,274.00 up $2.80 on Wednesday in New York. In Asia and London prices rose to $1,281. The Fix was set at $1,282.00 up $13.00 and in the euro at €940.227 up €4.522, while the euro stood stronger at $1.3635. Ahead of the opening in New York the gold price was trading at $1,282.20 and in the euro at €940.75.

Silver Market Morning

June 18, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,271.20 down $0.50 on Tuesday in New York. In Asia and London saw the price fall to $1,269 at the opening in London. The Fix was set at $1,269.00 up $4.50 and in the euro at €935.705 up €3.5271, while the euro stood stronger at $1.3565. Ahead of the opening in New York the gold price was trading at $1,271.00 and in the euro at €936.83.

COMEX Managed Money Record Silver Shorts More Like Insurance than a One Way Bet

June 17, 2014
By Chris Mullen, Chief Content Manager

Trend following hedge funds have built up a record high number of short contracts in silver futures, but evidence we study shows that it is more likely a form of “insurance” than a simple one-way bet. For part of the evidence consider that the number of long contracts, or bets that silver will advance in price, have varied only marginally since the beginning of the year. In fact, since January 7 the number of long contracts held by Managed Money traders has been confined in a range of only…

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