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Silver Market Updates

Silver Market Morning

July 16, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,588.00 after rising to $1.600 at it daily peak on Friday. London’s morning Fix today was set at $1,584.00 and in the euro close to its recent high at €1,300.172, while the euro stood at €1: $1.2183 and was still falling. Ahead of New York’s opening gold stood at $1,585.00 in the middle and in the euro at €1,299.81.

Silver Market Morning

July 12, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,576.60 up $8. Asia and London took it down $10 to $1,566 as the euro continued to fall and ahead of London’s morning Fix today was set at $1,565.50 down $11 and in the euro at €1,281.097 down €3, while the euro stood at €1: $1.2220 down another 50 cents. Ahead of New York’s opening gold stood at $1,564.10 in the middle and in the euro at €1,284.84 almost unchanged on yesterday.

Silver Market Morning

July 11, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,568.40 down $19. Asia took it up to $1,977 ahead of London’s opening at which point it held steady. The morning Fix today was set at $1,576.50 down $20 and in the euro at €1,284.004 down 9€, while the euro stood at €1: $1.2278 down 50 cents. Ahead of New York’s opening gold stood at $1,577.44 in the middle and in the euro at €1,284.46.

Silver Market Morning

July 10, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,587.80 up $4 even as the euro continued to fall. Asia left it unchanged ahead of London’s opening at which point it rose to $1,590 ahead of the Fix. The morning Fix today was set at $1,594.50 up $13.5 and in the euro at €1,293.292 up €6, while the euro stood at €1: $1.2329. The euro stood at €1: $1.2317 after the Fix. Ahead of New York’s opening gold stood at $1,593.30 in the middle and in the euro at €1,293.53.

Silver Market Morning

July 09, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,583.80 down $21 on Friday as the euro tumbled. Asia left it unchanged ahead of London’s opening. The morning Fix today was set at $1,581.00and in the euro at €1,287.145, while the euro stood at €1: $1.2283 down one cent. The euro stood at €1: $1.2300 after the Fix. Ahead of New York’s opening gold stood at $1,585.45 in the middle and in the euro at €1,288.98.

Silver Market Morning

July 06, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,604.40 down $18.4. A quiet London pulled it back to $1,599.40 ahead of the a.m. Fixing. The morning Fix today was set at $1,591.75 and in the euro at €1,285.535, while the euro stood at €1: $1.2382 down over one cent. The euro stood at €1: $1.2378 after the Fix. Ahead of New York’s opening gold stood at $1,593.00 in the middle and in the euro at €1,286.96.

Silver, Gold and The Coming Deflation

July 05, 2012
By Chris Mullen, Chief Content Manager

Historically gold has made its significant gains, relative to other assets (as well as nominally), not during inflation, but during deflation (Note: I am using the terms inflation and deflation very loosely in this case). These significant gold rallies historically occur when value flees instruments such as stocks and certain commodities.

Silver Market Morning

July 05, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,622.80, the day before the holiday in the States yesterday. A quiet London pulled it back to $1,613.50 at the p.m. Fixing. The morning Fix today the 5th July was set at $1,616.75 and higher in the euro at €1,292.986, up €8 on yesterday’s p.m. Fixing, while the euro stood at €1: $1.2504 down 80 cents. The euro stood at €1: $1.2502 after the Fix. Ahead of New York’s opening gold stood at $1,618.00 in the middle.

Silver Market Morning

July 03, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,598.70, up $20. Asia took it up to $1,606 ahead of London’s opening, while the euro stood at €1: $1.2602. The gold Fix was set at $1,608.50 and in the euro €1,278.312. Ahead of New York’s opening, gold stood at $1,609.65 and in the euro, €1,279.23 while the euro was at €1: $1.2583.

Silver Market Morning

July 02, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,598.70, up $20. Asia took it back down to $1,592 ahead of London’s opening, while the euro stood at €1: $1.2516, holding Friday’s gains. Gold had risen 17 showing strength in all the main currencies over last week. The gold Fix was set at $1,596.25 and in the euro €1,263.256. Ahead of New York’s opening, gold stood at $1,591.20 and in the euro, €1,261.76 while the euro was at €1: $1.2611.

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