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Silver Market Updates

Silver & Crude: Interesting Parallels

July 24, 2013
By Chris Mullen, Chief Content Manager

Crude Oil bottomed (weekly data) about 12/25/1998 at $10.75. It rose erratically for several years, hit another low on 8/24/2007 at $68.70, and then rallied dramatically to an all-time high of $147.20 on 7/11/2008. Subsequently, crude collapsed to $35.35 on 12/26/2008.

Silver Market Morning

July 24, 2013
By Chris Mullen, Chief Content Manager

New York closed at $1,342.4 up $8.70. London lifted it ever so slightly to $1,343.30 ahead of the Fix where it was set at $1,340.00 up $13.25 from yesterday and was Fixed in the euro at €1,012.31 up €5.20. Ahead of New York’s opening gold was holding that level and in the euro at €1,012.96.

99% Pure Silver Coins Are Junk!

July 23, 2013
By Chris Mullen, Chief Content Manager

For Hundreds of Years since the late 1400s, the standard in Silver Coinage was set by the THALER from Joachim’s Valley, in what was then Bohemia and now is the Czech Republic (which the Brits & British Colonists called "Dollars"). An excellent discussion of the renaissance of silver coin minting and sound money in Europe is Professor Antal Fekete's excellent article, “Architecture For A New World Financial System”.

Silver Market Morning

July 23, 2013
By Chris Mullen, Chief Content Manager

Asia again lifted the market up to $1,336 after New York closed at $1,333.70 up another $16 on London. London pulled it lower ahead of the Fix where it was set at $1,326.75 up $13 from yesterday but down $10 on the start of the day and was Fixed in the euro at €1,007.10 up nearly €9.00. Ahead of New York’s opening gold was going firmer at $1,329.55 and in the euro at €1,008.84.

Silver Market Morning

July 22, 2013
By Chris Mullen, Chief Content Manager

Asia started the week in dramatic form by lifting the gold price from New York’s close on Friday of $1,294.40 to $1,317 up $23. London then held it at $1,315 before it Fixed at $1,313.75 and in the euro at €998.214 up €17.00. Ahead of New York’s opening gold was going firmer at $1,315.45 and in the euro at €997.88.

Rainmaking with Silver

July 19, 2013
By Chris Mullen, Chief Content Manager

This method of cloud seeding has proven effective in the Snowy Mountains of Australia and the Sierra Nevada in the United States. By increasing winter snowpack in agricultural regions that experience droughts in the summer, it is possible to feed rivers for a longer period of time than if no cloud seeding was done. Check out this fascinating look at weather modification using silver as a nucleation agent for rainfall.

Silver Market Morning

July 19, 2013
By Chris Mullen, Chief Content Manager

New York closed on Wednesday at $1,283.70 up $8. This morning, in Asia, gold rose to $1,2990 before London pushed it back over the $1,286 level ahead of the Fix. It was then Fixed at $1,286.00 up $6.25 and in the euro at €981.53 up almost €6.00. Ahead of New York’s opening gold was going firmer at $1,291.65 and in the euro at €983.89.

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.

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