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Silver Market Updates

Silver Market Morning

May 02, 2013
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,458.70 in New York yesterday having fallen as low as $1431 before rebounding. In Asia, it fought back to recover to $1,458 as the Chinese holiday ended. In London it Fixed at $1,456 down $14.50 and in the euro at €1,106.215 down €6.6with the euro at €1: $1.3172 against the dollar. Ahead of New York’s opening it stood at $1,455.45 and in the euro at €1,104.50.

Let’s "finish" strong today! Five suggestions that might help with ‘the process”

May 01, 2013
By Chris Mullen, Chief Content Manager

Coach Nick Saban - the state of Alabama’s greatest citizen and college football’s top coach - has two mantras our state’s residents have come to know. They are “finish” and “process.”

Silver Market Morning

May 01, 2013
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,470.40 in New York yesterday almost unmoved on the day before. In Asia, it held its ground even though China is still on holiday, until tomorrow. In London it was pulled back to $1,464 before recovering to fix at $1,469.5 down less than $3 and in the euro at €1,113.60 down €13 because the euro was stronger at €1: $1.3196 up 1.2 cents against the dollar. Ahead of New York’s opening it rose slightly at $1,472 and in the euro at €1,116.00.

What I’m saying on Facebook to get new people to consider silver...

April 30, 2013
By Chris Mullen, Chief Content Manager

It’s still too soon to tell if the “Buy Silver!” May 1st event will really go “viral.” This grassroots' effort still has hours to go parabolic, an eternity on the Internet. However, I’m already getting excited about the next phase of this market (and marketing) “experiment” - recruiting new people, those who have never bought silver - into the game.

Silver’s Bullish Cup Formation

April 30, 2013
By Chris Mullen, Chief Content Manager

The most significant fact about silver, from a charting point of view, is the mega cup pattern formed over a period of more than 30 years.These cup (or cup and handle) patterns are very bullish formations.

Silver Market Morning

April 30, 2013
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,470.41 in New York yesterday. In Asia, where China is still on holiday, it pulled back to $1,462. In London it jumped to $1,474 ahead of the Fix. The Fix was set at $1,472.75 just 25 cents higher and in the euro at €1,126.13 while the euro was at €1: $1.3078. Ahead of New York’s opening it slipped slightly at $1,471.90 [the same as yesterday at this time] and in the euro at €1,126.12.

Precious Metals Chartology Roadmap

April 29, 2013
By Chris Mullen, Chief Content Manager

In this weekend report I would like to answer some questions presented at the forum this weekend. First lets look at silver and see what the charts are telling us especially after last weeks price action. Lets start with a daily look that shows the downtrend channel that began back in October of last year.

Silver Market Morning

April 29, 2013
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,467.30 in New York on Friday. In Asia it continued to rise back to $1,472level despite the closure of the Chinese markets. The Fix was set at $1,472.50 in London up $10 on Friday and in the euro at €1,125.506 up €2 while the euro was at €1: $1.3083. Ahead of New York’s opening it slipped slightly at $1,471.90 and in the euro at €1,125.35.

Silver Shortage of April, 2013

April 28, 2013
By Chris Mullen, Chief Content Manager

Rounds and Silver Eagles are sold out, and occasionally it has been difficult to source them, on and off, so far this year. Prices over spot are changing up to 5% per day, and silver eagles are selling for up to 30-40% over spot on ebay.com. Investor buying probably remains about where it has been for the past 4 years, at about 100 million oz. of silver per year, but maybe a tiny bit more in recent weeks of course.

Should we all buy silver on May 1st? Twelve reasons I say, “dang straight!”

April 28, 2013
By Chris Mullen, Chief Content Manager

An effort has recently been launched on the Internet to get those who believe in “real money” to buy (physical) silver on May 1st. It’s too soon to know if this grassroots’ appeal goes “viral” and makes a statement that influences not only markets, but the mainstream media and perhaps even the world.

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