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Silver Market Updates

Silver Market Morning

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

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

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

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

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)

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.

Silver Market Morning

Gold closed in New York at $1,620.40 and in London’s early morning fell to $1,615.75. There is no Fixing in London today due to the Jubilee celebrations. Ahead of New York’s opening gold stood at $1,618.22 and in the euro, €1,301.55 while the euro was at €1: $1.2433.

Silver Market Morning

Gold closed in New York at $1,622.2 up$60 and in London’s early morning fell to $1,618.35 as the week began. There is no Fixing in London today or tomorrow due to the Jubilee celebrations. Ahead of New York’s opening gold stood at $1,624.10 and in the euro, €1,305.86 while the euro was at €1: $1.2437.

May US Mint Silver Eagle Sales: 2.875 million ounces, +1.355M vs April

May US Mint Silver Eagle Sales: 2.875 million ounces, +1.355M vs April

Silver Headed to $75-$125/oz. in 1-2 years

My experience and the charts tell me that silver prices are likely to head to $75 to $125/oz. in the next one to two years. That's about a 150% to 230% gain for those who buy silver under $30/oz.

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