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Silver Market Updates

Silver Market Morning

August 21, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,371.30 down $4.70. Asia took it down to $1,363 ahead of London’s opening but then London pulled it back to $1,365 before it Fixed in London at $1,360.00 down $5.75 and in the euro at €1,015.380 down nearly €5.00. Ahead of New York’s opening gold was at $1,363.5 and in the euro at €1,017.08.

Don’t Trade Last Week’s Silver Story!

August 20, 2013
By Chris Mullen, Chief Content Manager

Since February of this year, there has been at least one silver contract in backwardation. Since May 31, the September contract has been backwardated. But that has now come to an end.

World's Largest Silver Producing Company Reports Big Decline in Production

August 20, 2013
By Chris Mullen, Chief Content Manager

The world's largest silver producer saw its production decline substantially in the first half of 2013. Many assume this decline came from Fresnillo, which is known as the largest primary silver miner in the world. However, it was recorded by KGHM Polska Miedz, the largest by-product silver producer on the planet whose annual silver production was 41 million oz in 2012.

Silver Market Morning

August 20, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,366.60 down $6.40. Asia took it to $1,357.00 but then London pulled it back to $1,365 before it Fixed in London at $1,365.75 down $9.50 and in the euro at €1,020.282 down €12.00. Ahead of New York’s opening gold was at $1,366.65 and in the euro at €1,020.65.

Gold and Silver Rally Relative to the Dow

August 19, 2013
By Chris Mullen, Chief Content Manager

The current bottom occurred during month 33 since the breakout of the top of the 2008 – 2010 triangle. Bottoms often occur on day 33 or month 33 from a bottom or a breakout. This makes it very likely that the bottom in June 2013 was the final bottom, especially since it occurred almost exactly at the breakout from the 2008 – 2010 triangle (around the $18.50 area).

Discover Your Next Resource Investment With Two of The World’s Top Resource Financiers: Ned Goodman & Eric Sprott

August 19, 2013
By Chris Mullen, Chief Content Manager

Cambridge House International is pleased to announce the attendance of two of the World’s top resource financiers at the upcoming Toronto Resource Investment Conference. Ned Goodman, founder of Dundee Corporation, and Eric Sprott, founder of Sprott Asset Management LP, will be delivering keynote speeches during a historic moment in the resource sector.

Silver Market Morning

August 19, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,373 up $1010. Asia took it to $1,378.00. London then pulled it back to $1,373.40 before it Fixed in London at $1,375.25 up $14.50 and in the euro at €1,032.386 up nearly €11.00. Ahead of New York’s opening gold was at $1,376.50 and in the euro at €1,032.014.

Silver puts in a Major Bullish Reversal Pattern on the Daily chart

August 18, 2013
By Chris Mullen, Chief Content Manager

The Silver ETF (SLV) put in a Major Bullish Reversal Pattern on the Daily chart, one that I would classify as an "Island Bottom". SLV is also marching toward a Major Gap fill on the Weekly chart with increasing volume.

GET READY: The Great Transfer of Wealth in Gold & Silver is Coming

August 16, 2013
By Chris Mullen, Chief Content Manager

The U.S. Economy stands at the edge of the abyss while the financial MSM debates whether or not the FED will taper in the fall. Silly analysts. Serious cracks are beginning to appear in the economy while the precious metals have now seemingly decoupled from the broader stock market in a big way.

Silver Market Morning

August 16, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,362.90 up $27.90. Asia took it to $1,366.00. London then pulled it back to $1,360 before it Fixed in London at $1,360.75 up $21.25 and in the euro at €1,020.558 up nearly €12.50. Ahead of New York’s opening gold was at $1,362.15 and in the euro at €1,020.95.

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