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Silver Market Updates

The Financial Cancer is No Longer Dormant

January 24, 2014
By SilverSeek

If this is indeed “the Big One,” the timeframe to PROTECT oneself may run out very, very quickly. Hopefully, you have spent the past five years preparing for the inevitable, global currency crash; and if you haven’t, what are you waiting for? All aspects of one’s life should be considered; but when it comes to the financial aspect, only PHYSICAL gold and silver have maintained their purchasing power throughout similar crises – and likely, will benefit more than any other asset class from what…

Silver Market Morning

January 24, 2014
By Chris Mullen, Chief Content Manager

New York saw gold jump to $1,262 from $1,237 before closing at $1,259. Asia held it slightly higher ahead of the opening in London. The dollar traded at $1.3686 somewhat weaker than yesterday. London traded it up until the Fixing, which was set at $1,259.25 up $15.00 on Thursday. In the euro, it Fixed at €920.437 up €7.561 reflecting a weaker dollar which stood at $1.3730, down a cent. The Fix was set higher than the market was trading showing strong demand. Ahead of the opening in New York…

Silver Market Morning

January 20, 2014
By Chris Mullen, Chief Content Manager

On Friday the gold price in New York closed higher at $1,254 with Asia lifting it $1.2 higher to $1,256. The dollar was stronger at $1.3556: €1. In London the gold price was Fixed at $1,254.75 up $13.75 on Friday. In the euro, it Fixed at €925.878 up €13.246. Ahead of the opening in New York gold stood at $1,254.90 and in the euro at €925.99. The dollar stood at $1.3551: €1

Silver – The Power Of Thought Will Ultimately Prevail

January 19, 2014
By Chris Mullen, Chief Content Manager

It has become universally recognized that the power of thought can change anything. Silver remains incredibly undervalued, and that bodes well for all of us silver stackers. The fact that silver and gold have purposefully been suppressed by the moneychangers makes the future for the next price rise to be greater than ever. Any time anything has been artificially manipulated, it makes the ultimate outcome far worse than was planned by those doing everything possible to prevent a rise in prices…

Something’s afoot in Gold and Silver…

January 17, 2014
By SilverSeek

Furthermore the bullion banks in silver appear to be getting nervous. On a number of recent occasions in quiet trade silver has been marked down with little or no corresponding move in gold, only to fully recover in the absence of selling. This pattern is consistent with market-makers (a.k.a. the bullion banks) trying to close their shorts, but there is not the liquidity for them to do so. The next chart, of the four largest traders’ net position says it all.

Interview with Eric Sprott

January 17, 2014
By SilverSeek

Last question is without having a crystal ball scenario going on here, what is your pick for the December 31, 2014 closing price of gold? Eric Sprott: Over $2,000 per oz. What about silver? Eric Sprott: Over $50 per oz.

Silver Market Morning: January 17, 2014

January 17, 2014
By SilverSeek

Silver Today –The silver price copied gold’s performance with almost no movement at all in New York yesterday with Asia holding it there before London’s opening. Ahead of New York’s opening, it was trading at $20.06.

Silver Market Morning

January 15, 2014
By Chris Mullen, Chief Content Manager

On Tuesday the gold price in New York fell to close at $1,243.40 with Asia taking it $3 lower. The dollar is slightly stronger at $1.3639: €1 ahead of London’s opening. In London the gold price was Fixed at $1,238.00 down $10.75 on yesterday. In the euro it, Fixed at €908.557 down €4.54. Ahead of the opening in New York gold stood at $1,238.15 and in the euro at €909.07. The dollar stood at $1.3622: €1

The Curious Widening of the Bid-Ask Spread in Silver

January 14, 2014
By Chris Mullen, Chief Content Manager

I received a lot of email in response to this. Everyone wanted to know what I meant, and if this predicts a rising or a falling silver price. I think the price is likely to fall, though that prediction is not based on the widening spread. It’s based on my supply and demand analysis. My standard caveat is: never naked short a monetary metal.

Am I the only person who thinks inflation is here right now?

January 14, 2014
By Chris Mullen, Chief Content Manager

Well, I’m perplexed and befuddled. For a couple years now I’ve been reading economic news stories like the above where it is seemingly “accepted” by the mainstream media that the rate of inflation is “low” and contained, and, as this blurb indicates, even alarmingly so. But I don’t get it. Inflation, to me, is high and going even higher. I base this opinion on the prices of things (goods and services) that I actually buy.

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