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Silver Market Updates

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…

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.

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