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Silver Market Updates

Silver Market Morning

August 27, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,402.40 up $6.10 on Monday. Asia held it there and London took it higher to $1,412.40 ahead of the Fix. The gold price was Fixed at $1,411.00 and in the euro at €1,057.80. Ahead of New York’s opening gold was trading at $1,411.40 and in the euro at €1,057.78.

Today’s test on silver manipulation ...

August 26, 2013
By Chris Mullen, Chief Content Manager

To me at least, it’s common sense to think that central banks and/or bullion banks who might be in alliance with one another do not like or want high (or rapidly increasing) precious metals prices. It’s also common sense to think that these players possess the means to influence market prices. Given these two assumptions, the only thing that might preclude the above entities from acting to manipulate prices lower would be either some sense of fair play and/or perhaps a fear of prosecution.

Make Money for Me! Should You Pay for Investment Advice?

August 26, 2013
By Chris Mullen, Chief Content Manager

I've been in these precious metals markets for over 30 years now. That seems like a long time, until I hear from guys like Dick who started out trading silver futures on an outdoor pay phone in the winter of 1971, or Jim Sinclair or Richard Russell who have been doing this I think even before gold and silver were invented.

Silver Market Morning

August 26, 2013
By Chris Mullen, Chief Content Manager

Gold Today –New York closed at $1,396.30 up $21.70 on Friday. Asia held it there and at the time of writing the gold price stood at $1,394.20. London is closed today. Silver Today – Silver closed at $23.98 up 92 cents in New York on Friday. Ahead of New York’s opening it traded at $24.02.

Is the Stock Market Ready for Further Growth? What Impact Could It Have on Silver?

August 23, 2013
By Chris Mullen, Chief Content Manager

According to Bloomberg, the Fed stimulus helped in pushing the S&P 500 up as much as 153% from its March 2009 low, as better-than-estimated corporate earnings also fueled equity gains. Of the 483 companies in the S&P 500 that have reported quarterly earnings this period, 71 percent surpassed profit estimates.

Using Gold to Forecast Silver’s Final Blow-Off Rally

August 23, 2013
By Chris Mullen, Chief Content Manager

I have previously written about how gold can be used as a leading indicator for silver. Using this principle, there is an indication that we are at or close to the period for a 1979/1980 style rally in silver. The following is a simple concept but can make for some intense reading (a lot of concentration and possibly re-reading is required).

Silver Market Morning

August 23, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,374.60 up $7.20. Asia took it up to $1.376 where it held in London ahead of the Fix. It Fixed in London at $1,374.50 up $4 and in the euro at €1,028.586 up over €1. Ahead of New York’s opening gold was at $1,376.15 and in the euro at €1,029.74.

Silver Market Morning

August 22, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,367.40 71.30 down $3.90. Asia took it back up to $1,378 but once again then London pulled it back to $1,370 before it Fixed in London at $1,370.50 up $10.50 and in the euro at €1,027.284 up nearly €12.00. Ahead of New York’s opening gold was at $1,368.00 and in the euro at €1,027.99.

Silver: The $100 History

August 21, 2013
By Chris Mullen, Chief Content Manager

Depending on how rapidly the money supply is increased and how quickly confidence in paper money evaporates we may see the day when it takes ten, or more, $100 bills to purchase a single ounce of silver.Hyperinflation has happened in many countries in the past 100 years and many good analysts believe that it COULD occur again in Europe and the United States.If hyperinflation occurs, your silver and gold will be worth much more in nominal dollars and will, to some extent, protect your purchasing…

6 Myths of Inflation

August 21, 2013
By Chris Mullen, Chief Content Manager

1. As the currency goes down, everything else goes up at roughly the same rate. Not true. 2. The law today will be the law tomorrow during hyperinflation. Not true. 3. I'll be able to ride it out here in the back woods of Colorado or Alabama during hyperinflation. Maybe, and maybe not. 4. There is no risk of inflation when the bigger risk is deflation. Not true. 5. The dollar will not go down in value, because everyone who owes dollars has a short position on the dollar that must…

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