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Silver Market Updates

Investors in US Stockmarkets set up to be Fleeced

September 10, 2012
By Clive Maund

The latest COTs show Commercial short and Large Spec long positions for silver are at levels that in the past have marked reversal points. Could these readings get even higher? – anything is possible, they could fly off the scale, but this is clearly becoming an increasingly dangerous trade on the long side on a short-term basis at least.

Greatest Silver Chart Of All-Time

September 09, 2012
By Chris Mullen, Chief Content Manager

For more of this kind of analysis on silver and gold, you are welcome to subscribe to my free silver and gold newsletter or premium service. I have also recently completed a Long-term Silver Fractal Analysis Report.

Silver Market Morning

September 07, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,700.30. Asia pulled it back to $1,692 but London then pulled it up again to $1,695 early in London’s morning ahead of the Fixing. The euro rose in London’s morning to €1: $1.2674 up 0.6 of a cent. The gold price was Fixed at $1,696.00 and in the euro at €1,337.750. Ahead of New York’s opening gold stood at $1,695.46 and in the stronger euro at €1,335.85.

Silver Market Morning

September 06, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,693.6. London and Asia lifted it over the $1,700 barrier to $1,703, before London took it higher ahead of the Fixing to $1.709.30. The euro rose in London’s morning to €1: $1.2614. The gold price was Fixed at $1,708.50 and in the euro at €1,355.092. Ahead of New York’s opening gold stood at $1,709.16 and in the euro at €1,354.54.

Silver Market Morning

September 05, 2012
By Chris Mullen, Chief Content Manager

London gold closed at $1,695.30 after Fixing in London at the p.m. Fix at $1,697. The euro slipped back in London’s morning to €1: $1.2512 down 0.88 of a cent. London then pulled the gold price back with the euro to $1,689 before the morning Fix. The morning Fix in London was set at $1,689.50 down two dollars and in the euro at €1,349.225 almost the same as yesterday’s p.m. Fix. Ahead of New York’s opening gold stood at $1,691.40 and in the euro at €1,348.37.

Silver Market Morning

September 04, 2012
By Chris Mullen, Chief Content Manager

London gold closed at $1,695 and opened at the same price, with New York enjoying Labor Day. The euro recovered to over €1: $1.26. With the return of New York today the market will be steaming along at full pace. The morning Fix in London was set at $1,691.50 and in the euro at €1,342.247 while the euro stood at $1.2602. Ahead of New York’s opening gold stood at $1,692.77 and in the euro at €1,344.05.

Silver Market Morning

September 03, 2012
By Chris Mullen, Chief Content Manager

New York gold closed at $1,691.80 almost 2% than New York opened on Friday. In London gold opened lower at $1,687 and Fixed at $1,686.00 while the euro stood at 1: $1.2566. With no New York opening today [Labor Day] London dominated the price which stood at $1,688.00 and in the euro at €1,342.67.

Fractal Silver Update

September 02, 2012
By Chris Mullen, Chief Content Manager

The Fractal Silver Chart from the late 70’s is a bit different than today, mostly due to the effect that the deflationary psychology of the current period has had on Silver as a partly “economic metal.”This means that the chart of Silver has been much more volatile, especially in downside corrections compared to the late 70’s charts.The Silver parabola is a less fluid form than the Gold parabola with Silver making sharp vertical rises along the way.

Silver Market Morning

August 31, 2012
By Chris Mullen, Chief Content Manager

The last day of the week precedes the U.S. Labor Day holiday weekend with US markets shut on Monday. Will gold traders want to settle up and book-square before the speech to avoid being caught on the wrong side in a market with low liquidity should Mr. Bernanke surprise the financial markets with a bold statement favoring or quashing further easing prospects or will they see less risk in holding gold positions in the light of his strong statement saying he is ready to ease further if there is…

Silver Market Morning

August 30, 2012
By Chris Mullen, Chief Content Manager

New York gold closed at $1,656.10. London opened at the same and held that level right up to the Fix. The euro is virtually unchanged at €1: $1,2557. The Fix was set at $1,657.00 and in the euro at €1,320.214. Ahead of New York’s opening the gold price stood at $1,655.80 and in the euro at €1,320.31.

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