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Silver Market Updates

Silver Market Update

July 22, 2012
By Chris Mullen, Chief Content Manager

Silver investors and speculators are amongst the manic-depressive you can possibly find in the investment world. When they are playing maximum credits on the slots and passing round boxes of cuban cigars and taking out massive loans to buy Ferraris and Lambos you know it's time to watch out. When they retreat into the shadows, only coming out to hurl themselves off bridges and other tall structures, mumbling about the "cartel" as they plummet earthwards, you know it's getting time to buy - and…

Silver Market Morning

July 20, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,581.00 $4 higher, yesterday. London’s morning Fix today was set at $1,583.00 up $3 on yesterday and in the euro at €1,291.296, while the euro stood at €1: $1.2259 down nearly 20 cents on the dollar. Ahead of New York’s opening gold stood at $1,581.75 in the middle and in the euro at €1,293.28.

Silver Market Morning

July 19, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,577.3 yesterday. Asia took it to $1,578.94 ahead of London’s opening. London’s morning Fix today was set at $1,580.00 up $1 on yesterday and in the euro at €1,287.064, while the euro stood at €1: $1.2276 up 20 cents on the dollar. Ahead of New York’s opening gold stood at $1,588.00 in the middle and in the euro at €1,291.90.

Silver Market Morning

July 18, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,581.70 yesterday down $7.80. Asia took it to $1,582 ahead of London’s opening. London’s morning Fix today was set at $1,579.50 down $6 on yesterday and in the euro at €1,298.651, while the euro stood at €1: $1.2257 down half a cent on the dollar. Ahead of New York’s opening gold stood at $1,579.32 in the middle and in the euro at €1,290.66.

Silver Market Morning

July 17, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,589.50 yesterday. Asia took it higher to $1,594ahead of London’s opening. London’s morning Fix today was set at $1,595.00 up $11 and in the euro at €1,296.853, while the euro stood at €1: $1.2299 up a cent on the dollar. Ahead of New York’s opening gold stood at $1,594.75 in the middle and in the euro at €1,297.39.

Managed money positions hint at bullish turns for gold and silver

July 16, 2012
By Chris Mullen, Chief Content Manager

I have recently written about the breakdown of disaggregated data from the futures markets into producers and swap dealers for gold and silver futures, as reported in the Commitment of Traders reports issued by the US government’s Commodity Futures Trading Commission (CFTC). There is a further category of trader to consider, and that is Managed Money.

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.

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