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Silver Market Updates

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.

Silver Will Party Like It's 1979

August 15, 2013
By Chris Mullen, Chief Content Manager

Hey Dudes! Looks like this grody correction might be ending and a tubular new bull leg might be upon us.It might be a good time to listen to the history rhyme before things get crazy again.Let’s take a trip back in time, shall we, to when the size of hairstyles and shoulder pads were growing to the max - as fast as the inflation rate (almost); when punk rock and new wave music set the tone for the new decade arriving: the 80s. Despite all of the fascinating and awesome social phenomena that was…

What the Silver to Gold Ratio Tells Us About Silver’s Future Moves?

August 15, 2013
By Chris Mullen, Chief Content Manager

In our previous essay we focused on silver’s relationship with the general stock market. Today, we think it would be interesting to revisit the silver-to-gold ratio. However, before we do that, let's check the recent price action in silver and gold.

Silver Market Morning

August 15, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,335.00 up $13.30. Asia took it to $1,339.00. It then Fixed in London at $1,339.50 up $16.25 and in the euro at €1,008.052 up nearly €9.00. Ahead of New York’s opening gold was at $1,338.90 and in the euro at €1,007.90.

Silver: The GSR Bottom Finder

August 14, 2013
By Chris Mullen, Chief Content Manager

Six of eight significant silver market lows in the past 23 years occurred when the GSR (gold to silver ratio) was > 64 and the RSI (Relative Strength Index (link) of the GSR was < 35. Silver, in late June and early July 2013, met the above criteria, along with a near record low RSI of the GSR, and a record low in the TDI Trade Signal Line.These are strongly bullish conditions.

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