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Silver Market Updates

Silver Market Morning

May 14, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,581.30 down $12.3 before the ‘clumsy’ seller came in again and pushed the gold price down in Asia again to $1,563. The euro stood at €1: $1.2876 after Friday’s close of €1: $1.2921. This morning in London, gold Fixed at $1,563.00 down $18 and in the euro at €1,213.792 down €15. Ahead of New York’s opening it started to bounce and stood at $1,564.00 and in the euro, which also continued to slip, €1,215.51 while the euro was at €1: $1.2867.

Silver Update

May 11, 2012
By Chris Mullen, Chief Content Manager

Here are a few patterns that might explain the current state of the silver price, as well as, provide the possible way forward. Below is a graphic which compares the current pattern on silver (from about the beginning of 2011 to present) to a 2007 pattern:

Target 1 reached on silver (update on gold)

May 11, 2012
By Chris Mullen, Chief Content Manager

The initial profit taking target of the "Descending Triangle" pattern of the daily chart (right hand side below) on silver has been reached. The "Head and Shoulders" pattern on the daily chart is still in play.

The Power of Relative Value & the Silver Market! WOW!

May 11, 2012
By Chris Mullen, Chief Content Manager

If this does not get your attention I do not know what will. Imagine buying a $400,000 furnished condo in 2011 with the proceeds of a $6,250 investment that was made in 2003. We know someone who has actually done this by using the power of relative value. Let us explain the concept and then we will explain how the relative value may apply to other great opportunities in our markets today.

Silver Market Morning

May 10, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,591.00. Asia lifted the price up to $1,594 early in London’s morning. The euro stood at €1: $1.2965 leaving gold in the euro at €1,229.46. The Fixing in London today was set at $1,590.00 up $8 and in the euro at €1,228.368 up €7. Ahead of New York’s opening it started to slip again and stood at $1,587.65 and in the euro, which also continued to slip, €1,227.41 while the euro was at €1: $1.2935.

Silver Market Morning

May 09, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,606.80. Asia and London then took the price down to $1,585 early in London’s morning. The euro fell below €1: $1.30 to €1: $1.2971 leaving gold in the euro at €1,221.96 down €27 on yesterday. The Fixing in London today was set at $1,585.50 down $42 and in the euro at €1,221.37 down 2€8. Ahead of New York’s opening it continued to slip to stood at $1,585.81 and in the euro, which also continued to slip, €1,222.68 while the euro was at €1: $1.2970.

Silver Market Morning

May 08, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,638.70. Asia then took the price down to $1,627 early in London’s morning. The euro remarkably has held above €1: $1.30 at €1: $1.3032 leaving gold in the euro at €1,248.47 down €10 on yesterday. The Fixing in London today was set at $1,627.00 and in the euro at €1,250.769. Ahead of New York’s opening it continued to slip to stood at $1,625.00 and in the euro, which also continued to slip, €1,249.66 while the euro was at €1: $1.3003.

Silver Market Morning

May 07, 2012
By Chris Mullen, Chief Content Manager

After a weekend of critical European elections the gold price started the week in Asia lower at $1,638 lower in the dollar [-$3] but higher in the euro at just below €1: $1.30 then recovered. In the euro the gold price stood at €1,260 up €20 just ahead of London’s opening. There is no Fixing in London today as it is a public holiday. Ahead of New York’s opening it stood at $1,641.25 and in the euro €1,258.53 while the euro was at €1: $1.3041.

Silver COT Report: May 4, 2012

May 04, 2012
By SilverSeek

Silver COT Report - May 4, 2012

CME members win 90-day reprieve from higher margin rules

May 04, 2012
By SilverSeek

The CME Group was granted a 90-day reprieve from imposing new rules that will hike margins for some exchange members by as much as a third, one day after news of the increase riled locals and roiled markets.

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