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Silver Market Updates

Silver…The St. Valentine’s Day Breakout

February 16, 2014
By Chris Mullen, Chief Content Manager

In this Weekend Report I would like to show you the Chatology of silver that you won’t see anywhere else on the planet. Some of these charts might not conform to the classic textbook scenarios most chartists believe are the only correct ways to construct a chart pattern. I have learned through many years of charting the markets that there are areas in this field that can be opened up for further interpretation and still fall within the loose confines of what is considered a chart pattern…

Silver Market Update

February 16, 2014
By Chris Mullen, Chief Content Manager

Silver has confirmed gold’s breakout of several days ago by following suit and breaking out above important resistance on Friday on the strongest volume for almost 6 months. This means that we are now in a full on Precious Metals sector uptrend, which is still in its earliest stages.

James Turk: Erosion of Trust Will Drive Gold Higher

February 14, 2014
By Chris Mullen, Chief Content Manager

James Turk, founder of precious metals accumulation pioneer GoldMoney, has over 40 years' experience in international banking, finance, and investments. He began his career at the Chase Manhattan Bank and in 1983 was appointed manager of the commodity department of the Abu Dhabi Investment Authority.

Silver Market Morning

February 14, 2014
By Chris Mullen, Chief Content Manager

The New York gold price broke through the big figure to $1,301.70, up $11.20, at the close on Thursday in New York. Asia took it higher to $1,310 ahead of London’s opening. London held it there before Fixing the gold price at $1,308.50 up $18.25. In the euro, it Fixed at €955.598 up €11.94, while the dollar stood at $1.3693, weaker again. Ahead of the opening in New York gold stood at $1,314.00 and in the euro at €959.61.

Silver Market Morning

February 13, 2014
By Chris Mullen, Chief Content Manager

The New York gold price rose slightly to $1,290.90 up $1.00 at the close on Wednesday. Asia held it there ahead of London’s opening. London held it there before Fixing the gold price at $1,290.25 up $3.75. In the euro, it Fixed at €943.648 up €0.812, while the dollar stood at $1.3673, almost unchanged. Ahead of the opening in New York gold stood at $1,292.50 and in the euro at €945.88.

U.S. Mint Nearly Sells Out Of Its Weekly Silver Eagle Allocation In 2 Days

February 12, 2014
By Chris Mullen, Chief Content Manager

After a slower than average sales month in January, Silver Eagle sales picked up significantly in February. In the first eleven days of the month, the U.S. Mint sold nearly 1.7 million Silver Eagles.

Silver Market Morning

February 12, 2014
By Chris Mullen, Chief Content Manager

The New York gold price rose strongly to $1,289.9 up $15.30 at the close on Tuesday. Asia saw it slip slightly to $1,285 ahead of London’s opening on Wednesday. London held it there before Fixing the gold price at $1,286.50 up $3.75. In the euro, it Fixed at €942.836 up €4.742, while the dollar stood at $1.3645, slightly stronger. Ahead of the opening in New York gold stood at $1,287.00 and in the euro at €943.76.

Silver Market Morning

February 11, 2014
By Chris Mullen, Chief Content Manager

The New York gold price was almost unchanged at $1,274.60 up $7.50 at the close on Monday. Asia took it up to $1,285 ahead of London’s opening on Tuesday. London pulled it back $2 initially before London set the gold price at $1,282.75 up $9.25 up on Monday. In the euro, it Fixed at €938.094 up €4.238, while the dollar stood at $1.3674, again, weaker. Ahead of the opening in New York gold stood at $1,284.30 and in the euro at €939.78.

Silver Market Morning

February 10, 2014
By Chris Mullen, Chief Content Manager

The New York gold price was almost unchanged at $1,267.10 up nearly $10 at the close on Friday. Asia took it up to $1,272.50 ahead of London’s opening on Monday. London set the gold price at $1,273.50 up $13.50 up on Friday. In the euro, it Fixed at €933.856 up €5.132, while the dollar stood at $1.3637, again, weaker. Ahead of the opening in New York gold stood at $1,273.18 and in the euro at €933.72.

Market Report: Silver outperforming

February 07, 2014
By Chris Mullen, Chief Content Manager

Since Monday financial markets have consolidated following the emerging market currency shocks of the previous week. Safe-haven bonds were strong initially, before tailing off yesterday. Equities started the week badly but steadied yesterday, and gold spiked at $1274 on Wednesday before being knocked back $20 subsequently. The result is gold was more or less unchanged on the week by last night, though early indications London time are for better prices today.

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