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Silver Market Updates

Silver is relatively strong in the world of risk these days

November 16, 2012
By Chris Mullen, Chief Content Manager

There is a Bullish Inverted "Head and Shoulders" pattern on the daily chart. What makes this pattern so attractive on the next breakout above 32.94 is the fact that all of the Open Interest that was put on to the short side of the contract in Silver over the past month will be in the “red” and feeling pressure to exit the trade before it gets too late. Traders who want to get long will begin feeling they are missing the boat on the next breakout and when they begin to move off the sidelines…

Silver Market Morning

November 16, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,714 down $11. This morning, Asia and London dealers took it marginally lower to trade at $1,710 at London’s opening. It was Fixed at $1,710.00 down $13.50 and in the euro at €1,342.756 down €9 from yesterday while the euro was at €1: $1.2735. Ahead of New York’s opening gold was trying to slip lower $1,708.83 and in the euro at €1,341.73.

CFTC Commissioner Bart Chilton on HFT Regulations, Silver Manipulation Probe & MF Global

November 14, 2012
By Chris Mullen, Chief Content Manager

We talk to Bart Chilton, author of "Ponzimonium," about how the law needs to change in order to make bringing fraud charges forward, easier. One of those things is the laws and wording around "intent," something that has made prosecution and regulation much more difficult. And one place that regulation is important is in preventing, or curtailing market manipulation, specifically the manipulation of the gold and silver market. There is much speculation about the role of large bullion banks in…

A Mining Writer Looks Back

November 13, 2012
By Chris Mullen, Chief Content Manager

It's good to go back to basics which, for this reporter, is just plain writing about things I see and hear. For the past dozen years I've been a “non-ferrous metals equities reporter” for a number of publications, both print and web-based, ranging from creakingly establishment McGraw-Hill to the out-there-in-the-ozone websites like LeMetropole Cafe. It's been a fun ride.

Silver Market Update

November 11, 2012
By Chris Mullen, Chief Content Manager

We exited our short positions in silver for a modest but useful profit when it broke out of its downtrend towards the end of October. It then broke sharply lower on heavy turnover in a move that looks capitulative, but afterwards turned and rose quite sharply over the past week. So the question now is “has it bottomed?” Although the answer to this question is “Yes, it looks like it has”, it also looks like it may back and fill for a little while to complete a base pattern before a sustained…

$100 Silver! Yes, But When?

November 08, 2012
By Chris Mullen, Chief Content Manager

There are many predictions for the price of silver. Some say it will crash to nearly $20, and others proclaim $100 by the end of 2012. The problem is that some predictions are only wishful thinking, others are obvious disinformation designed to scare investors away from silver, and many are not grounded in hard data and clear analysis. Other analysis is excellent, but both the process and analysis are difficult to understand. Is there an objective and rational method to project a future silver…

The Bullish Case for Silver and Even More Bullish Case for Silver Stocks

November 06, 2012
By Chris Mullen, Chief Content Manager

We summarized our previous commentary on gold and the US Presidential Elections by stating that based on Friday’s decline, it seems that the bottom in the precious metals sector might have just been reached. Based on today’s rally in gold and silver, it seems that it was really the case.

Silver Market Morning

November 06, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,684.10 down nearly $37.00. This morning, Asia and London dealers lifted it back over $1,690 before it rose to Fix at $1,691.75 and in the euro at €1,321.576 while the euro was much lower at €1: $1.228.04. Ahead of New York’s opening gold stood at $1,693.25 and in the euro at €1,322.44.

Silver ETF Impact 3

November 02, 2012
By Chris Mullen, Chief Content Manager

Silver is no doubt tiny on the grand commodities scale. But its attractiveness, spearheaded by a 1000%+ bull-to-date gain to its latest high, has spawned a wide range of products for investors to partake in. And one of the most unique and powerful is the SLV iShares Silver Trust ETF.

GoldCore Comments on Silver

November 02, 2012
By Chris Mullen, Chief Content Manager

Gold inched down near $1,700/oz on Friday after a drop through its support level at $1,710-$1,712 initiated stop loss selling. The Nonfarm Payroll number for October is released at 1230 GMT. 125,000 are expected for Nonfarm Payrolls, while the Unemployment Rate number is expected at 7.9%. Better than expected employment data could be negative for gold as it may rescind additional QE from the US Fed.

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