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Silver Market Updates

Silver Market Morning

April 04, 2013
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,558.30 down $17 on yesterday, making $40 in two days. In Asia and London it traded lower down to $1,543 ahead of the Fix in London which was set at $1,545.25 down $23 and in the euro at €1,207.415, down €22 while the euro was at €1: $1.2798. Ahead of New York’s opening it traded at $1,546.00 and in the euro at €1,205.32.

Silver Market Morning

April 03, 2013
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,575.30 down $23 on yesterday. In Asia and London it traded lower down to $1,568 ahead of the Fix in London which was set at $1,568.50 and in the euro at €1,222.81, while the euro was at €1: $1.2827. Ahead of New York’s opening it traded at $1,571.65 and in the euro at €1,226.41.

Prophecy Platinum: enormous upside potential with low risk at the Yukon’s emerging Wellgreen PGM Ni-Cu district, and beyond

April 03, 2013
By Chris Mullen, Chief Content Manager

Prophecy Platinum (NKL: TSX-V, PNIKF: OTCQX) is a Canadian-based PGM-Ni-Cu company that is focused on developing their district-scale Wellgreen project in the Yukon and fully permitted Shakespeare mine in Ontario. The company is well positioned with respect to fundamental supply and demand changes in the PGM market, and recently appointed managers are helping their team expedite growth.

Silver Market Morning

April 02, 2013
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,598.50 before the long weekend. In Asia and London it traded over $1,600 ahead of the Fix in London which was set at $1,597.75 and in the euro at €1,244.64, while the euro was at €1: $1.2837. Ahead of New York’s opening it traded at $1,597.25 and in the euro at €1,244.35.

Silver – Keep It Simple! – Part 2

April 01, 2013
By Chris Mullen, Chief Content Manager

Begin the analysis in 1971 when Nixon dropped the link between the dollar and gold. A pack of Marlboros cost (depending on local taxes) about $0.39. We paid about $0.36 for a gallon of gasoline. The DOW Index was about 850. Silver was priced at about $1.39.

An Update on the Silver Stocks

April 01, 2013
By Chris Mullen, Chief Content Manager

When we discuss gold stocks we often refer to gold and silver stocks. Today we take a look at the silver stocks specifically. Below is a chart of our partially weighted producers index which contains 14 of the largest silver producers. We didn’t cherry pick the 14. We went down the list and that includes a handful of companies which have really struggled in recent years. Anyway, the 56% in the current cyclical bear is well in line with history. Previous downturns have been 51% and 49% and then…

Buy Silver Now?

March 29, 2013
By Chris Mullen, Chief Content Manager

Do you want to buy silver? Have you considered seasonal price patterns before jumping in with both feet? What typically has happened to the price of silver, in past years, following a March/April purchase? Does it make sense to buy now or wait to make that purchase?

Hunt Becomes Billionaire After Bankruptcy 33 Years Ago in Silver...

March 28, 2013
By SilverSeek

William Herbert Hunt was once one of the wealthiest men on Earth. With his brother, Nelson Bunker Hunt, the billionaire bought more than 195 million ounces of silver -- 60 percent of the U.S. market -- in the 1970s. By early 1980, their stake was valued at more than $9 billion. The Hunts’ position imploded when silver prices plummeted 80 percent over the course of a few weeks in March 1980, culminating 33 years ago this week on what traders called Silver Thursday. The crash rattled Wall…

Silver Market Morning

March 28, 2013
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,604 yesterday. In Asia and London it traded down slightly to $1,601 ahead of the Fix in London which was at $1,602.5 and in the euro at €1,253.128, while the euro was at €1: $1.2788. Ahead of New York’s opening it traded at $1,600.80 and in the euro at €1,249.75.

Silver ‘$100 Within Two Years’

March 27, 2013
By SilverSeek

Alex: So you think $100 silver is realistic in the next year or two? Eric: Well I think obviously with gold at $1600, I would believe that silver should be at a hundred. Does it happen in one to two years? Maybe not, but I would certainly say in two to five years it happens. And that’s just with gold staying still!

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