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Silver Market Updates

David Morgan: “During The Last Bull Market, A Lot Of People Gave Up At $100 Gold”

During a time of ongoing pain in the precious metals and mining sector, David Morgan, publisher of The Morgan Report, was kind enough to share comment. David began studying the silver market at age 9, participated first-hand in the 1970’s bull market, and over the last 40 years has become one of the world’s most experienced silver investors--earning him the title of “The Silver Guru”.

Campaign to kill PM sentiment one for the text books

Campaign: “Kill - and/or dramatically reverse - PM sentiment” Target Audience: Anyone who has ever invested in precious metals or might consider investing in precious metals in the future.

Silver Market Morning

New York closed at $1,287.40 down $18.90 on yesterday. Asia lifted gold $6 ahead of London’s opening. At the Fix, gold was set at $1,285.75 down $12.25 on yesterday. In the euro it Fixed at €947.145 down nearly €12.5. Ahead of New York’s opening gold was trading at $1,287.00 and in the euro at €960.97.

Silver Market Morning

New York closed at $1,306.30 down $13.00 on yesterday. Asia held gold there ahead of London’s opening. At the Fix, gold was set at $1,298.00 down $11 on yesterday. In the euro it Fixed at €959.56 down €8.75. Ahead of New York’s opening gold was trading at $1,300.00 and in the euro at €960.97.

Silver Market Morning

New York closed at $1,319.40 down $3.00 on yesterday. Asia took gold $2 lower ahead of London’s opening. At the Fix, gold was set at $1,309 down $12 on yesterday. In the euro it Fixed at €968.279 down €4.9. Ahead of New York’s opening gold was trading at $1,310.30 and in the euro at €968.91.

Silver Leads Gold Higher

Chinese investors should be back on the “gold buying job” today. To understand why that is, please click here now. Twice a year, Chinese citizens celebrate “Golden Week”. Businesses are generally closed, and workers spend time with their families. Chinese gold buyers should become quite active in the next few days, as Golden Week ends, and the nation goes back to work. India's Diwali festival is also approaching. In the coming weeks, physical demand for gold is likely to be relatively strong.

Silver Market Morning

New York closed at $1,322.4 up $11.80 on yesterday. Asia took gold $5 higher ahead of London’s opening. At the Fix, gold was set at $1,321 up $10 on yesterday. In the euro it Fixed at €973.184 up over €8.0. Ahead of New York’s opening gold was trading at $1,323.30 and in the euro at €975.27.

Silver Market Morning

New York closed at $1,310.60 down just under $7 on Friday. Asia took gold $5 higher before slipping back $4 ahead of London’s opening. At the Fix, gold was set at market prices at $1,311 down $5 on Friday. In the euro it Fixed at €965.11 down nearly €2.0. Ahead of New York’s opening gold was trading at $1,312.00 and in the euro at €966.5.

Silver Market Update

The reason for posting a new Silver Market update at this juncture is that we appear to be at an optimum “buy spot”, for gold, silver and Precious Metals ETFs and stocks, as both gold and silver have dropped back in recent weeks to mark out the Right Shoulder low of what is believed to be a large Head-and-Shoulders bottom.

Silver – QE4ever, POMO4ever, Nevermore4ever

The central bankers have no rudder, adrift in a sea of fiat, taking everybody with them. Witness Cyprus and Greece being forced to walk the plank. Those who choose to stay on this Ship of Fools will suffer the same fate, even worse as the growing panic emboldens banker reactions.

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