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Silver Market Updates

Silver Stocks 5

December 27, 2013
By Chris Mullen, Chief Content Manager

2013 has been a brutal year for silver. And a brutal year for a metal obviously doesn’t bode well for its mining stocks. Companies that have been exploring for deposits, developing mines, and producing silver have sadly become the pariahs of the markets. But if silver’s fortunes change in 2014, as they ought to, then right now could be one of the best buying opportunities of this entire secular bull market.

Silver Market Morning

December 24, 2013
By Chris Mullen, Chief Content Manager

The gold price in New York rose to $1,198.50 and Asia lifted it to $1,200. The dollar held around yesterday’s levels at $1.3677: €1. Then London held it there in quiet festive season trade throughout the morning ahead of New York’s opening. The dollar was weaker at $1.3682 with gold, ahead of the opening in New York, at $1,200.00 and in the euro at €877.06.

Silver Market Update

December 23, 2013
By Chris Mullen, Chief Content Manager

On silver’s 14-year chart we can see that, despite the severe correction since the Spring 2011 peak, it has still not broken down from the large broadening uptrend shown, nor has it dropped below the nearby zone of strong support shown. In the last update, posted on 6th October, we looked for the next major uptrend to begin almost immediately, having observed a large potential Head-and-Shoulders bottom completing.

Silver – Charts Offer Most Reliable Information, Period.

December 21, 2013
By Chris Mullen, Chief Content Manager

The most reliable information is still found in the charts. Last week, we said to look at Bitcoin as an example of what to expect for silver, in terms of a market moving higher with impunity in a very short period of time, See A Rigged Market Coming To An End, 18th paragraph.

December 19: Gold and Silver Fall Over 2% More

December 19, 2013
By Chris Mullen, Chief Content Manager

Gold edged up to $1224.27 in Asia, but it then fell back off for most of the rest of trade and ended near its last minute low of $1189.47 with a loss of 2.22%. Silver slipped to as low as $19.128 and ended with a loss of 2.93%.

An Industry on the Brink

December 19, 2013
By Chris Mullen, Chief Content Manager

Something needs to change quickly or the precious metal mining industry is finished. In the course of my research on the why I have looked closely at the world of pricing. Any senior executive will tell you that you set the pricing of your product based on what the market will bear. If your variable costs exceed your revenue you have a limited life unless the government subsidizes you. The point is you set the price! The market will quickly tell you whether that price is acceptable or not.

The 'old-fashioned' gift of silver

December 19, 2013
By Chris Mullen, Chief Content Manager

This year for the first time I'm going to give the gift of silver as a Christmas present. Specifically, I'm going to give a couple of silver coins to my godson who is in 8th grade.

Silver Market Morning

December 19, 2013
By Chris Mullen, Chief Content Manager

The gold price in New York fell to $1,218.50, but Asia lifted it a couple of dollars. The dollar rose nearly a full cent to $1.3660: €1. But London let it fall to $1,202 ahead of the Fix, which was set at $1,205.25. In the euro it Fixed at €881.160 down €15.81. Ahead of New York’s opening the dollar was stronger at $1.3682 with gold, ahead of the opening in New York, at $1,205.85 and in the euro at €881.34.

December 18: Gold and Silver End Lower in Mixed Trade

December 18, 2013
By Chris Mullen, Chief Content Manager

Gold edged down to $1227.77 just before noon EST before it jumped up to $1244.19 just before today’s fed announcement, but it then dropped to as low as $1216.21 after the announcement and ended with a loss of 0.99%. Silver slipped to $19.664 before it rallied back to $20.258, but it then fell back off again and ended with a loss of 0.55%.

Silver Market Morning

December 18, 2013
By Chris Mullen, Chief Content Manager

The gold price in New York rose to $1,240.70 then fell to $1,230.70 on Tuesday. On Wednesday Asia took the gold price to $1,235, before London let it slip slightly to $1,232 ahead of the Fix, which was set at $1,233.25. In the euro it Fixed at €896.974. Ahead of New York’s opening the dollar was steady at $1.3748: €1 with gold, ahead of the opening in New York, at $1,231.80 and in the euro at €895.59.

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