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Silver Market Updates

Silver Market Morning

On Dec 24th the gold price in New York rose stood at $1,198.50 the dollar stood at $1.3677: €1. Today we see gold having touched $1,238 and the dollar at $1.3607: €1. Asia is mainly responsible for the rise in prices ahead of London’s. Today the gold price was Fixed at $1,238.00. Ahead of the opening in New York gold stood at $1,237.40 and in the euro at €909.38.

New Royalty Scheme a Leveler in the Mexican Silver Space

We may be headed into a new year, but Chris Thompson, mining analyst with Raymond James, expects more of the same in the precious metals prices: volatility. In this Mining Report interview, he advises investors to play that volatility. He details why—despite its higher royalty tax—Mexico remains a silver powerhouse, and why some will feel the royalty pinch most.

Silver To Hit New Highs As The Quality Of Analysis Falls To New Lows

The coming explosion in the value of silver will be a shock to the world due to the failure of the analyst community. I am completely amazed at the lack of quality analysis today. Except for a few good analysts, there's a sea of lousy ones who continue to put out work that becomes increasingly worthless each and every passing day.

Silver Stocks 5

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

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

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.

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

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

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

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.

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