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Silver Market Updates

Silver Market Update

February 24, 2013
By Chris Mullen, Chief Content Manager

Even though the technical indications for silver are not as strongly bullish as those for gold, they are now sufficiently positive that silver is likely to take off higher before much longer, encouraged by the strength that we should soon see reappear in gold. Of course, it will probably take some weeks for sentiment to recover sufficiently to drive a significant rally after the latest sharp drop, so we may see some backing and filling before a sustainable uptrend can get going, but that is…

Silver Market Morning

February 21, 2013
By Chris Mullen, Chief Content Manager

After the bloodbath in New York yesterday gold closed at $1,564.50 down $40 as the search for a floor went down to a new recent low assisted by a two cents weaker euro. In Asia overnight the gold price did not really bounce but rose from close to $1,560 to $1,568 ahead of London’s opening. In London it was Fixed at $1,568.50 and in the euro at €1,189.339, while the euro was $1.3188. Ahead of New York’s opening, gold was $1,573.65 and in the euro at €1,193.52.

Silver Market Morning

February 20, 2013
By Chris Mullen, Chief Content Manager

In New York yesterday gold closed at $1,604.90 as the consolidation phase seeks a clear direction at these levels. In Asia overnight the gold price was holding just below yesterday’s levels at $1,606.40. In London it was Fixed at $1,602.00 and in the euro at €1,195.344, while the euro was $1.3402. Ahead of New York’s opening, gold was $1,593.40 and in the euro at €1,189.55.

It’s Time to go All-in on Gold and Silver

February 19, 2013
By Chris Mullen, Chief Content Manager

Based on last week’s trading activity and my contrary opinion theory, I feel that we are seeing what is called a “weak hands clean out” of small investors in the Gold and Silver markets, and that Gold will continue its twelve year record of gains in 2013. Since 2011, the Gold price has consolidated in the $1,525 to $1,920 per ounce area and is ready to breakout. I would not be surprised to see Gold move back above its 2011 high of $1,920 per ounce, and see Silver above $40 per ounce in 2013.

Silver's Four Hour Slamdown Window

February 19, 2013
By Chris Mullen, Chief Content Manager

As silver suffers its biggest one-day drop of the year, following a February of strange 'spikey' behavior, we thought it might be useful to show just what has been going on for the last few weeks. It appears that from the open of US equity trading pre-market to the close of Europe's equity markets (~0730ET to ~1130ET), Silver has been offered non-stop.

Silver Investors Should Key Off the Gold Chart

February 19, 2013
By Chris Mullen, Chief Content Manager

Investors should key off the gold chart for buy & sell signals, but there is no question that the 14,7,7 Stochastics oscillator suggests silver is poised to begin a nice move higher.

Silver Market Morning

February 19, 2013
By Chris Mullen, Chief Content Manager

In New York on Friday the gold price held in a consolidation phase around $1,610 and held there in Asia and London before it was Fixed at $1,613.50 and in the euro at €1,208.795, while the euro was $1.3348, barely changed on yesterday. Ahead of New York’s opening, gold was $1,612.60 and in the euro at €1,209.94.

Silver Market Morning

February 18, 2013
By Chris Mullen, Chief Content Manager

In New York on Friday the gold price fell to $1,608.90 down $27 then bounced in Asia to $1,615 ahead of London’s opening. It then Fixed at $1,611.25 down $18 and in the euro at €1,206.39, down €15, while the euro was $1.3356. Ahead of New York’s opening, gold was $1,611.80 and in the euro at €1,206.52.

Silver Bull Market 10 Year Review

February 18, 2013
By Chris Mullen, Chief Content Manager

Silver to Gold Ratio Today: 54:1 Silver to Gold Ratio Ten Years ago: 80:1 Silver to Gold Ratio for over 200 years: 15:1 Silver to Gold Ratio expected in the future: 10:1 or even 5:1

Join GoldSeek.com and SilverSeek.com in Palm Springs Feb. 23-24th

February 15, 2013
By Chris Mullen, Chief Content Manager

Rick Rule, legendary resource investor and chairman of Sprott US Holdings will be speaking, along with Peter Schiff of Euro Pacific Capital, John Mauldin of Mauldin Economics, David Morgan of The Morgan Report, and many others. If you have not had a chance to meet these one of a kind leaders in the investment world, come out, attend the show, and speak with them personally.

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