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Silver Market Updates

Silver Market Morning

May 16, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,295.60 down $10.50 on Thursday, in New York. In Asia the price fell $3 ahead of London’s opening, but London held it there. The gold Fixing was set at $1,293.75 down $10.00 and in the euro at €943.173 down €10.588 while the euro stood at $1.3717. Ahead of New York’s opening the gold price stood at $1,294.60 and in the euro at €944.79.

Silver Market Morning

May 15, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,306.10 up $12.80 on Wednesday, in New York. In Asia the price rose slightly, but London lifted it over $1,300 at the opening. The gold Fixing was set at $1,303.75 up $3.50 and in the euro at €953.731 up €5.405 while the euro stood at $1.3700 weaker again. Ahead of New York’s opening the gold price stood at $1,304.20 and in the euro at €955.00.

The End (of the Silver Fix) Is Nigh

May 15, 2014
By Chris Mullen, Chief Content Manager

For a long time, many in the gold and silver communities have been say that the prices of the monetary metals are manipulated. Recently, one particular allegation came to prominence because it was asserted by the German regulator BaFin. This allegation is that the members of the London Fixes for gold and silver are using their position to manipulate the price. This would seem to be confirmation of widely held longstanding belief that the markets are rigged, the long-sought smoking gun.

Silver Was Not In a Bubble in 2011!

May 14, 2014
By Chris Mullen, Chief Content Manager

The bubble in silver and gold is coming – it did not occur in 2011.Expect stormy weather and higher silver and gold prices ahead.When?Ask the High-Frequency-Traders, JP Morgan, the Treasury department, or just wait for demand to overwhelm physical supply in the relatively near future.

Silver Market Morning

May 14, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,293.30 down $3.40 on Tuesday, in New York. In Asia the price rose slightly, but London lifted it over $1,300 at the opening. The gold Fixing was set at $1,300.25 up $7.50 and in the euro at €948.326 up €8.418 while the euro stood at $1.3711 nearly half a cent weaker. Ahead of New York’s opening the gold price stood at $1,301.50 and in the euro at €948.89.

Silver Market Morning

May 13, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,296.70 up $8 on Monday, in New York, after hitting $1,308 there. In Asia and London the gold price moved back to $1,291.55. The gold Fixing was set at $1,292.75 the same as yesterday and in the euro at €939.9o8 up €0.955 while the euro stood at $1.3754 slightly weaker. Ahead of New York’s opening the gold price stood at $1,293.00 and in the euro at €942.042.

Who should GAO believe - Ted Butler or Bart Chilton?

May 12, 2014
By Chris Mullen, Chief Content Manager

In a recent column, silver analyst Theodore Butler presented information that leaves him somewhat optimistic that the Government Accountability Office(GAO) is looking into the possibility that the silver markets might be rigged or manipulated.

Silver Market Morning

May 12, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,288.70 down only $0.50 on Friday, in New York. In Asia and London the gold price hovered around $1,289 and $1,290. The gold Fixing was set at $1,292.75 up $3.75 and in the euro at €938.953 up €5.707 while the euro stood at $1.3768 weaker by half a cent. Ahead of New York’s opening the gold price stood at $1,294.65 and in the euro at €940.96.

Silver Market Morning

May 09, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,289.20 down only $0.20 yesterday, in New York. In Asia and London the gold price lifted back to $1,291. The gold Fixing was set at $1,289.00 down $2.25 and in the euro at €933.246 up €7.22 while the euro stood at $1.3812 nearly 2 cents down from the week’s peak. Ahead of New York’s opening the gold price stood at $1,289.40 and in the euro at €933.33.

Silver Market Morning

May 08, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,289.40 down $18.40 yesterday, in New York. In Asia and London the gold price held above $1,290 as the dollar continued to weaken against all currencies ahead of the Fixing. The euro weakened to $1.3944. The gold Fixing was set at $1,291.25 down $19.75 and in the euro at €926.026 down €16.055. Ahead of New York’s opening the gold price stood at $1,290 and in the euro at €926.16.

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