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Silver Market Updates

Silver Market Morning

August 28, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,415.50 up $13.10 on Tuesday. Asia took it higher to $1,433.00 ahead of London’s opening. The gold price was Fixed at $1,425.50 up $14.50 and in the euro at €1,066.034 up €8.50. Ahead of New York’s opening gold was trading at $1,425.30 and in the euro at €1,068.08.

Future Silver Supply in Question as Mexico Oil Production Declines

August 27, 2013
By Chris Mullen, Chief Content Manager

The largest silver producing country in the world saw its oil production decline to the lowest level since 1995. Mexico who produced 162 million ounces of silver in 2012 is slated to increase this amount substantially by the end of the decade... that is, if they have the available energy to do so.

Gold/Silver Ratio Signals Much Higher Silver Prices

August 27, 2013
By Chris Mullen, Chief Content Manager

The current pattern has not completed yet, and it would suggest that it will only complete at a point much lower than a ratio of 15. Such a completion of the pattern is consistent with the bullish fundamentals of silver (and gold) in relation to paper money – understanding that a lower ratio will likely mean higher gold and silver prices. Furthermore, it is consistent with the scenario that we are in a downtrend in the ratio; therefore, being, more likely to go lower over the next couple of…

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.

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