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Silver Market Updates

Silver Market Morning

April 29, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,296.60 up $3.70 on yesterday, in New York. It was not showing any independent moves, simply moving with the dollar. In Asia it was being pulled back to $1,293 just ahead of London’s opening. In London it was Fixed this morning at $1,289.75 down $12.25 and in the euro at €930.019 down €6.805. The euro itself stood at $1.3868 barely changed. Ahead of the opening in New York gold stood at $1,290.40 and in the euro at €930.20.

Silver Market Morning

April 28, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,292.90 down $10.20 on the previous Friday, in New York. In the last week it was pushed back to support just above $1,280 but recovered in Asia and London to Fix this Monday morning at $1,302.00 and in the euro at €938.446 down only €3.169 on the last 11 days. The euro itself stood at $1.3874 half a cent stronger than 11 days ago. Ahead of the opening in New York gold stood at $1,301.00 and in the euro at €937.79.

Are ‘dollar bugs’ insane? Blind?

April 25, 2014
By Chris Mullen, Chief Content Manager

I’m not only an avid reader of precious metals articles on the Internet, I also love to read the reader comments that follow. This morning, I was struck by the comments that followed a brief interview with Peter Schiff (conducted by a reporter on The Wall Street Journal’s “marketwatch” website).

FMQ Update and valuing gold

April 25, 2014
By Chris Mullen, Chief Content Manager

 In the two months since my last update on USD Fiat Money Quantity, it has increased by $292bn to $12.861 trillion and is still growing rapidly as shown in the chart below.It is now 70.6% above where it would have been if it had grown at the long-term pre-banking crisis average monthly compound rate, represented by the red line in the chart.The reduction in the monthly rate of QE does not appear to have slowed the growth rate of FMQ. Indeed, the objective is for QE to be supplemented and…

A game-changer the ‘peons’ could control

April 22, 2014
By Chris Mullen, Chief Content Manager

Of this we can be sure: China WILL keep accumulating record amounts of precious metals. Why, one asks, would China suddenly reverse course and change a policy that it has now been aggressively pursuing for years? Such a scenario would not/does not make sense.

Silver Up & S&P Down

April 22, 2014
By Chris Mullen, Chief Content Manager

Silver has had three bad years while the S&P has had 5 good years. It is time for both markets to reverse. Examine the following graph of Silver versus the Silver to S&P ratio. It tells me the ratio has returned to levels seen in 2008 and that the ratio follows the price of silver. This is interesting but not that helpful.

Silver Market Update

April 21, 2014
By Chris Mullen, Chief Content Manager

Silver’s recent rally was feeble compared to gold’s, and the retreat that followed has already erased all of the gains made, and already brought it back close to key support at its June and December lows, as we can see on its 1-year chart below. This much lower high and recent preponderance of downside volume are negatives that portend a severe test of this support and its possible failure soon. However it should be noted here that failure of this support won’t necessarily lead to a severe…

The Dark Side Of The Silver Mining Industry

April 21, 2014
By Chris Mullen, Chief Content Manager

There is an insidious Dark Side to the silver mining industry that goes unnoticed by the majority of investors and analysts. Actually, I haven't come across one mining analyst who puts out comprehensive data on this very subject for the silver mining industry.

Precious metals Market report

April 17, 2014
By Chris Mullen, Chief Content Manager

It wasn’t meant to be like this: six years of global money-printing should have guaranteed economic recovery. Until very recently, there was hope that finally the medicine was having some effect; but in the last few weeks investors have become noticeably more cautious. Is it Ukraine, or is it the slow-down in China? Whatever the story the truth is revealed in the chart of recent US bond prices shown below.

Silver Market Morning

April 17, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,303.10 down $0.20 on Wednesday, in New York. At Asia’s closed it was pulled it down to $1,297 initially at which price London opened. The gold price was then Fixed in London at $1,301.50 up $2.50, because of the stronger euro. In the euro, it Fixed at €941.615 up €3.031 as the euro went stronger at $1.3822 up from $1.3840: €1. Ahead of the opening in New York gold stood at $1,298.50 and in the euro at €936.80 as the euro weakened again to $1.3861.

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