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Silver Market Updates

Taking Stock Of Silver Stocks – SLW, PAAS, CDE, AG, SSRI, HL

February 05, 2014
By Chris Mullen, Chief Content Manager

We are of the simple opinion that any substitute for the real thing is never as good a choice as the original, even when it comes to Precious Metals. There are so many other considerations that enter the picture when regarding mining stocks. One of the primary ones is management, what it can do to a stock’s performance separate and apart from its underlying purpose, silver production. There can be poor management, mismanagement, decision-making related to stock performance instead of getting…

Silver Market Morning

February 05, 2014
By Chris Mullen, Chief Content Manager

The New York gold price was slightly lower at $1,254.70 down $3.10 at the close on Tuesday. Asia held it there ahead of London’s opening. London set the gold price at $1,257.00, $4.00 up on Tuesday. In the euro, it Fixed at €930.353 up €3.166 while the dollar stood at $1.3511 barely changed. Ahead of the opening in New York gold stood at $1,257.35 and in the euro at €930.54.

Silver Market Morning

February 04, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed higher at $1,257.80 up $12.90 at the close on Monday. Asia lifted it to $1,259.40 ahead of London’s opening. London had a quick Fix, setting the gold price at $1,253.00, $6.50 up on Monday. In the euro, it Fixed at €927.187 up €4.605 while the dollar stood at $1.3514. Ahead of the opening in New York gold stood at $1,254.00 and in the euro at €927.69.

Silver Market Morning

February 03, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed almost unchanged at $1,244.90 at the close on Friday. Asia lifted it through to $1,247 before London fixed it at $1,246.50 the same as Friday. In the euro, it Fixed at €922.582 up €2.044 reflecting a slightly stronger dollar which stood at $1.3504 up 0.29 cents. Ahead of the opening in New York gold stood at $1,246.15 and in the euro at €922.80.

Silver Market Morning

January 31, 2014
By Chris Mullen, Chief Content Manager

The New York gold price fell back to $1,243.00 from $1,269.80 at the close on Thursday. Asia held it around there before London fixed it at took it down to $1,258.20 ahead of the Fix. It Fixed at $1,246.50 down $7.50 on Thursday. In the euro, it Fixed at €920.538 down €1.656 reflecting a stronger dollar which stood at $1.3533 up 0.65 cents. Ahead of the opening in New York gold stood at $1,245.65 and in the euro at €920.73.

Another Spectator Sport (besides football)

January 30, 2014
By Chris Mullen, Chief Content Manager

Wallace, Idaho – January brought mixed news to our beleaguered mining camp here in the (finally) snowy Coeur d'Alenes. The party ended for United Silver Corp., 80 percent owner of the Crescent silver mine located between the Sunshine and Bunker Hill, on the 9th of this month, when USC announced the appointment of an Ontario court-ordered receiver for the Vancouver-based company and resignations of the then-current board of directors.

Silver Market Morning

January 29, 2014
By Chris Mullen, Chief Content Manager

New York pulled back slightly to $1,254.10 from $1,255 at the close on Tuesday. Asia took it to $1,255.30 ahead of the opening in London. The dollar traded barely changed at $1.3664. London held it around there until it Fixed at $1,254.75 up $1.25 on Tuesday. In the euro, it Fixed at €917.886 down €1.237 reflecting a slightly stronger dollar which stood at $1.3670. Ahead of the opening in New York gold stood at $1,259.05 and in the euro at €921.47.

David Morgan: 'The Silver Bottom Is In: Time to Hold, Add and Ride It Out'

January 27, 2014
By Chris Mullen, Chief Content Manager

When the bulls are running for the doors, that is a sign that we have hit bottom and wise investors should hold on to their portfolios for the ride up, says Silver-Investor.com Editor David Morgan in this interview with The Gold Report . It may take a couple of resource war-addled years for gold and silver prices to move back to profitable levels, but the right companies could make money all the way up.

The Coming Economic Collapse Will Be Far Worse Than Most Realize

January 27, 2014
By Chris Mullen, Chief Content Manager

Citizens of the U.S. and world are heading into a future that few have prepared. It will also turn out to be much worse than most realize as it will be unlike anything we have witnessed in the past. Part of the reason we are in such a bad fix has to do with the compartmentalization and specialization of our modern educational and economic system. There are many intelligent people in the market doing smart things, however they have no clue on what the hell is going on in other industries or…

Silver Market Update

January 26, 2014
By Chris Mullen, Chief Content Manager

While gold has rallied across its downtrend channel in recent weeks to arrive at its top boundary, silver has arrived at the upper boundary of its channel by limping sideways. Next week is decision time – either it breaks out upside from the channel or it drops into another downleg. The technicals suggest that it will do the latter, but also that this will likely mark the drop into the final low before an important reversal to the upside takes place.

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