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Silver Market Updates

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.

Silver Market Morning

February 21, 2014
By Chris Mullen, Chief Content Manager

The New York gold price dropped to close at $1,323.70 up $13.50 on Thursday in New York. Asia let it slip to$1,316.55 before it rose back to $1,320, ahead of London’s opening on Friday. London Fixed it at $1,320.75 up $7.00. In the euro, it Fixed higher at €963.629 up €4.407, while the dollar stood at $1.3706 a tad weaker. Ahead of the opening in New York gold stood at $1,321.40 and in the euro at €963.82.

Some Long Term Cycles for Silver

February 20, 2014
By Chris Mullen, Chief Content Manager

Last week I discussed long-term cycles for gold so I thought I would follow this up with some notes on long-term cycles for silver. One would presume that silver’s cycles are the same as gold and they would be wrong. Given their similarities as precious metals, their cycles do overlap so that it appears that their cycles are the same. But gold and silver march to their own beat.

Significant Silver Rallies Usually Follow Major Dow Peaks

February 20, 2014
By Chris Mullen, Chief Content Manager

Significant nominal peaks in the price of silver tend to come after significant nominal peaks in the Dow. This has been the case for the last 90 years at least.

Silver Market Morning

February 20, 2014
By Chris Mullen, Chief Content Manager

The New York gold price dropped to close at $1,310.20 down $11.80 on Wednesday in New York. Asia took it higher back to yesterday’s level there at $1,314 where London held it ahead of London’s opening on Thursday. The dollar recovered a little to $1.3705: €1 after London opened. London Fixed it at $1,313.75 down $5.00. In the euro, it Fixed it higher at €959.222 up just over €0.131, while the dollar stood at $1.3696, stronger. Ahead of the opening in New York gold stood at $1,314.65 and in the…

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