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Silver Market Updates

Silver Market Morning

July 17, 2013
By Chris Mullen, Chief Content Manager

New York closed on Tuesday at $1,292.40 up $7.40. This morning, in Asia, it slipped back to $1,286. In London it held steady before being Fixed at $1,284.25 and in the euro at €977.29. Ahead of New York’s opening gold was trying to go firmer trading at $1,287.30 and in the euro at €979.643.

Zombie Bank Analysts Rise from the Dead to keep Fiat Money Alive

July 16, 2013
By Chris Mullen, Chief Content Manager

It didn't take long for the hoards of zombie bank analysts to come out with their bearish precious metal forecasts now that the price of gold and silver are down 25% and 40% respectively since the beginning of the year. Coming straight out of the bankers play-book, it looks like we should get used to seeing more of this sort of high quality analysis in the future.

Is It Time For a Breakout or for the Final Bottom in Silver?

July 16, 2013
By Chris Mullen, Chief Content Manager

Last week the price of the white metal climbed to an over two-week high after U.S. Federal Reserve Chairman said its huge stimulus program would stay in place for some time. Investors are now focused on Ben Bernanke once again.

Silver Market Morning

July 16, 2013
By Chris Mullen, Chief Content Manager

New York closed on Tuesday at $1,285.00 up $0.50. This morning, in Asia, it held the same level, then, in London it took on a slightly firmer tone as the dollar weakened to be Fixed at $1,286.00, up $4.75 on Friday’s Fix and in the euro at €983.03 almost the same as yesterday. Ahead of New York’s opening gold was trying to go firmer trading at $1,286.90 and in the euro at €981.13.

Silver Market Morning

July 15, 2013
By Chris Mullen, Chief Content Manager

New York closed on Tuesday at $1,284.50 up $0.90. This morning, in Asia, it rose to $1,290, then, as London opened it pulled back to $1,282. It was Fixed at $1,281.25, up $6.25 on Friday’s Fix and in the euro at €983.08, up €6.50 showing gold moving independently of currencies. Ahead of New York’s opening gold was trading at $1,283.50 and in the euro at €985.11.

Surviving a Monetary Collapse

July 14, 2013
By Chris Mullen, Chief Content Manager

I have been saying for a few years now that buying gold and especially silver bullion was a good idea. If you had followed my advice and bought silver two years ago at $50.00 an ounce you could have sold it a few days ago for a shade under $20.00.

Silver Market Morning

July 12, 2013
By Chris Mullen, Chief Content Manager

New York closed on Tuesday at $1,285.40 up $34.30. This morning in Asia pulled back to $1,280 then as London started it slipped back to $1,275 and was Fixed at $1,275.00 down $5.75 on yesterday’s Fix and in the euro at €976.787, down €5.0 showing gold yesterday moved down in both currencies as the dollar recovered. Ahead of New York’s opening gold was trading at $1,276.95 and in the euro at €978.81.

Silver Market Morning

July 11, 2013
By Chris Mullen, Chief Content Manager

New York closed on Tuesday at $1,251.10 up nearly $3. This morning in Asia it lifted to over $1,290 but as London started its day it was pulled back to $1,287 and then Fixed at $1,280.75 up $27.75 on yesterday’s Fix and in the euro at €981.87 up €4.0 showing gold yesterday moved with the euro again as the dollar fell. Ahead of New York’s opening gold was trading at $1,282.85 and in the euro at €982.42.

Shanghai Silver Stocks Fall Nearly 50% Since April

July 10, 2013
By Chris Mullen, Chief Content Manager

Ever since the take-down of the price of silver in April, silver warehouse stocks have been declining in a large way at the Shanghai Futures Exchange. At the peak on April 12th, the Shanghai Futures Exchange held 1,124 tonnes of silver at its warehouses. However, just six weeks later, 360 tonnes or 32% were removed.

When? When? When?

July 09, 2013
By Chris Mullen, Chief Content Manager

Money printing is out of control by government, $1 trillion more in spending per year that they don't have, that's $1000 billion. There is no political will to stop the spending. Tea party Republicans are a tiny minority, and often cave in for small victories, rather than really hold the line on spending.

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