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Silver Market Updates

Silver Grumps

June 13, 2012
By Chris Mullen, Chief Content Manager

Attention, Class: Silver and gold are static assets. They are constants. They don't actually move much. What happens is that the metrics by which we measure Silver and Gold jump around like horny ticks on a hot dog. It is the fraud of the 20th and 21st Centuries.

Silver Market Morning

June 13, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,611.60 and in London’s early morning fell to $1,608. The Fixing in London today was set at $1,612.75 up $23.5. In the euro it was set at €1,286.187 up12. Ahead of New York’s opening gold stood at $1,612.28 and in the euro, €1,284.79 while the euro was at €1: $1.2549.

Silver Market Morning

June 12, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,600.20 and in London’s early morning fell to $1,591. The Fixing in London today was set at $1,589.25. In the euro it was set at €1,271.40. Ahead of New York’s opening gold stood at $1,590.40 and in the euro, €1,271.15 while the euro was at €1: $1.2511.

Silver Could Preserve More Value Than Gold

June 11, 2012
By Chris Mullen, Chief Content Manager

The fundamentals for silver and gold are very strong, and with all the massive bailouts, which are increasing debt levels, they are just getting stronger. Until a significant portion of these debts is repaid or defaulted on, it would be foolish to talk about a top in precious metals.

Silver Market Morning

June 08, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,591.60 and in London’s early morning fell to $1,558 before climbing back to $1,575 60. The Fixing in London today was set at $1,576.00 down $30 on yesterday’s p.m. Fix. In the euro it was set at €1,264.340 down €13 on yesterday’s p.m. Fix. Ahead of New York’s opening gold stood at $1,580.40 and in the euro, €1,266.14 while the euro was at €1: $1.2482.

Silver Offers A Great Opportunity

June 07, 2012
By Chris Mullen, Chief Content Manager

For more silver and gold analysis and guidance, see my Long-term Silver Fractal Report & Long-term Gold Fractal Report or subscribe to my Premium Service.

Gold Prices Up 18% on Average

June 07, 2012
By Chris Mullen, Chief Content Manager

Gold Prices have gone up for nearly 12 years now and have stabilized in recent months in a range around $1600 per troy ounce. This is up 18% per year on average since $250/oz. in 2001. Americans have yet to understand gold, or get on board the 12 year bull market that started in 1999 and 2001.

Silver Market Morning

June 07, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,619.60 and in London’s early morning rose to $1,623. The Fixing in London today was set at $1,620.75 down $13 and in the euro at €1,288.66 down €17. Ahead of New York’s opening gold stood at $1,615.40 and in the euro, €1,284.71 while the euro was at €1: $1.2574.

Silver Market Morning

June 06, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,618.40 and in London’s early morning fell to $1,627.35. The Fixing in London today was set at $1,633.25 and in the euro at €1,305.451. Ahead of New York’s opening gold stood at $1,633.00 and in the euro, €1,307.03 while the euro was at €1: $1.2494.

This Ain't The Bottom (But you can see it from here)

June 05, 2012
By Chris Mullen, Chief Content Manager

Wallace, Idaho – Bernard Baruch famously said: “Don't try to buy at the bottom and sell at the top. It can't be done except by liars.” Good advice. So many ersatz experts are calling this the bottom for silver and gold that it absolutely cannot be the actual bottom. It may be so close that we can see it, but we're willing to ride this elevator down a few more floors before we hit that big red STOP button.

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