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Silver Market Updates

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.

Silver Market Update

April 28, 2013
By Chris Mullen, Chief Content Manager

After being stuck in a tight range following its plunge about 9 trading days ago, silver finally responded to gold’s creeping advance and “popped” on Thursday, but it was not that impressive and was followed by a rather negative “spinning top” candlestick on Friday, meaning that it could have been a 1-day wonder especially given that gold’s relief rally looks to be about done.

Silver’s Underperformance Against Gold

April 26, 2013
By Chris Mullen, Chief Content Manager

What happened on Friday, April 12 and Monday, April 15 on gold and silver markets looked like a gigantic earthquake – a drop of about $200 (13%) for the yellow and almost $5 (18%) for the silver metal. There has been a lot of hyperbole going on. We even heard it said that a move of that scale would statistically only be expected “once every 4,776 years.” Going even further, John Kemp of Reuters calculates that, based on a normal distribution (by the way, market returns are not normally…

Silver Market Morning

April 26, 2013
By Chris Mullen, Chief Content Manager

Gold continued to move higher, closing at $1,464.3 up $34 in New York yesterday. In Asia it continued to rise back to $1,475.35 ahead of the Fix. The Fix was set at $1,462.25 and in the euro at €1,123.425 while the euro was at €1: $1.3016. Ahead of New York’s opening it slipped slightly at $1,463.75 and in the euro at €1,126.09.

COT Data and Silver

April 25, 2013
By Chris Mullen, Chief Content Manager

This current bottom is more like the bottom in 2008 after that 55% washout than any other bottom in the past three decades. I expect that now is a significant bottom, and we will see substantially higher prices over the next several months and several years. Unfortunately, I also expected the same after the June 2012 bottom. So, we’ll wait and see… In the meantime, go back and review the fundamental case for silver and gold.

Silver Market Morning

April 25, 2013
By Chris Mullen, Chief Content Manager

Gold continued to move higher, closing at $1,430.40 down$15.5 in New York yesterday. In Asia and London it continued to rise back to $1,447.80 ahead of the Fix. The Fix was set at $1,446.50 up $22 and in the euro at €1,107.07 up nearly €12 while the euro was at €1: $1.3066. Ahead of New York’s opening it slipped slightly at $1,445.30 and in the euro at €1,105.31.

Silver Market Morning

April 24, 2013
By Chris Mullen, Chief Content Manager

Gold continued to move higher, closing at $1,414.90 down$10.5 in New York yesterday. In Asia and London it rose back to $1,425. The Fix was set at $1,424.5 up $7.25 and in the euro at €1,095.516 up nearly €4 while the euro was at €1: $1.3003. Ahead of New York’s opening it slipped slightly at $1,421.85 and in the euro at €1,092.30.

Silver Market Morning

April 23, 2013
By Chris Mullen, Chief Content Manager

Gold continued to move higher, closing at $1,425.40 in New York yesterday. In Asia it held at $1,423 London then traded it down to 1,411 ahead of the Fix. The Fix was set at $1,417.25 down $8 and in the euro at €1,091.704 down €0.75 while the euro was at €1: $1.2982. Ahead of New York’s opening it began to rise firmly again to $1,426.10 and in the euro at €1,097.38.

Rick Rule, Sprott Global Resource Investments Ltd.: “We're Going To Be Courting Exhibitors and Writing Checks At This Conference”

April 22, 2013
By Chris Mullen, Chief Content Manager

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Apr. 22, 2013) – Cambridge House International is pleased to announce the attendance of a team of world renowned investment managers, representing the Sprott Group of Companies, at the upcoming World Resource Investment Conference. Keynote speeches will be delivered by Rick Rule, David Franklin, Steve Yuzpe, Brian Mellum, and Dean R. Jensen.

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