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Silver Market Updates

Silver Market Morning

September 27, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,323.70 yesterday, only $1.50 different from last Friday. Asia and London lifted it $2 ahead of the Fix. It then Fixed at $1,321.50 almost the same as Monday. In the euro it Fixed at €978.454, again almost the same as Monday with the dollar steady at lower levels. Ahead of New York’s opening gold was trading at $1,324.05 and in the euro at €980.96.

CFTC can't stop market rigging when U.S. government does it -- it's the law

September 25, 2013
By Chris Mullen, Chief Content Manager

Today's dismissal by the U.S. Commodity Futures Trading Commission of complaints about manipulation of the silver market leaves plenty of room for a conclusion opposite from the one that news reports will publicize -- that there's no evidence of manipulation.

Can Silver and Palladium Tell Us More About the Outlook for Gold?

September 25, 2013
By Chris Mullen, Chief Content Manager

Summing up, the recent upward move in both metals was not as bullish as it seemed at first sight and the breakdown in palladium was not invalidated. The implications are still bearish and the bearish case for gold that we made in our previous essay seems to be confirmed by what we see in the silver and palladium markets. At the same time please keep in mind that the analogy to the 2008 decline is still in place and a small move higher should not surprise us (such as the one that we are seeing…

We shouldn’t hold our breath waiting for government agencies to end manipulation

September 24, 2013
By Chris Mullen, Chief Content Manager

It’s impossible to believe that regulators, prosecutors and others charged with enforcing commodity laws and regulations are unaware of charges of manipulation. Volumes of articles have been published on the topic. Organizations such as GATA exist solely to document these charges (and forward summaries to said regulators). High-profile market analysts such as Ted Butler have done the same thing for years. And yet no charges have been filed.

Silver Market Morning

September 23, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,325.30 on Friday a sharp turn down from the day before. Asia and London held it there ahead of the Fix. It then Fixed at $1,321.75 down $41.75 from its weekly peak. In the euro it Fixed at €978.712 down €27 from its weekly peak as the dollar remained at weak levels. Ahead of New York’s opening gold was trading at $1,321.00 and in the euro at €977.76.

Silver – Not Ready For Prime Time.

September 22, 2013
By Chris Mullen, Chief Content Manager

There are two distinct advantages derived from reading charts. They are all based on factual information, in the form of executed trades, and they are a short-cut for reading about all the exogenous factors, [mostly fundamental], that impact the market.

14 ways manipulation could end ... but it won’t be today

September 20, 2013
By Chris Mullen, Chief Content Manager

In my last column, I attempted to defend my “assumption” that “manipulation is here to stay.” Today, my charge is to present several scenarios that would/could end the manipulation of precious metals.

Silver Market Update

September 19, 2013
By Chris Mullen, Chief Content Manager

Silver’s major reversal pattern, which, like gold’s, is a Head-and-Shoulders bottom, is different to gold’s in the detail that it is flat-topped – the “neckline” or top boundary of the pattern is a horizontal band of resistance. Otherwise they are broadly similar in meaning, which is hardly surprising as gold and silver are “joined at the hip”, the big difference from an investor’s point of view being that silver is a leveraged play on a gold move.

Silver Market Morning

September 19, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,366.3 up $56.40 cents or 4.3% on Wednesday increasing those gains at London’s opening to over $1,370 level. It then Fixed at $1,363.50 up $63.75. In the euro it Fixed at €1,005.902 up €32.75 as the dollar weakened. Ahead of New York’s opening gold was trading at $1,361.65 and in the euro at €1,004.46.

Silver Market Morning

September 18, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,309.90 up 40 cents on Tuesday slipping in Asia and London to the $1,300 level. It then Fixed at $1,299.75 down 17.50. In the euro it Fixed at €973.158 down €12.50. Ahead of New York’s opening gold was trading at $1,301.30 and in the euro at €987.13.

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