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Silver Market Updates

The Powerful Case for Silver

July 18, 2013
By Chris Mullen, Chief Content Manager

I am a well-known "gold bug" because of my strongly voiced opinion that gold has been one of the best assets for protecting yourself from the US dollar's prolonged decline. Lately, the precious metals have taken a beating, and I've been called to defend gold's future prospects in the media countless times. While I am confident that gold will rebound with a vengeance before long, I think investors are potentially missing an even greater opportunity in that other monetary metal: silver.

Silver Market Morning

July 18, 2013
By Chris Mullen, Chief Content Manager

New York closed on Wednesday at $1,275.70, nearly $17 down. This morning, in Asia, rose to $1,278 before London pushed it back over the $1,280 level again. It was then Fixed at $1,279.75 down $4.50 and in the euro at €975.79 down €0.50. Ahead of New York’s opening gold was trying to go firmer trading at $1,281.15 and in the euro at €977.38.

The Precious Metal Investors Greatest Secret Weapon

July 17, 2013
By Chris Mullen, Chief Content Manager

As the FED turns up the heat in the central bank frying pan, the frogs (public) don't realize they are being cooked to death by inflation. I am quite amazed how loud the sizzling sound has become, but for some odd reason hardly anyone notices it.

The Game of Silver

July 17, 2013
By Chris Mullen, Chief Content Manager

You can’t (generally speaking) win if you play the paper silver game.Large institutions have the “inside track” with the government, the regulators, lobbyists, congress, CFTC, margin requirements, and the High Frequency Trading computers that account for most of the actual volume on the paper market.You might “win” for a while, but don’t forget the paper disasters from recent history:MFGlobal, Cyprus banks, the May 2011 silver crash, the April 2013 silver takedown, and the June 2013 silver…

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.

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