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Silver Market Updates

Silver Market Morning

New York gold closed at $1,637.30 up $16.60 on the day. Asia and London took it higher to $1,644 with the euro only 20 points stronger at €1: $1.2470. This is gold running up against all currencies and breaking free from the euro in the process. Gold was Fixed in London at $1,640.50 and in the euro it was Fixed at €1,315.874 up €7 on yesterday’s Fix.

Gold's Little Brother Is Talking

Silver seems set to perform well against the dollar, but it also appears to be ready to make gold look like a bit of a slug.Unlike most silver investors, I have no interest in selling silver for “dollars of profit”. I view silver primarily as a currency.Gold is the ultimate currency, and I think silver is best viewed as “gold’s little brother”.I sold silver for gold in the first quarter of 2011, and now it’s time for me to buy silver with gold.

Silver Market Morning

New York gold closed at $1,620.70 up $5 on the day. Asia and London initially took it to $1,622 but when the euro moved stronger to €1: $1.2459 up from €1: $1.2360 gold started to rise after the Fix which was set at $1,624.00. In the euro it was Fixed at €1,308.939 slightly down on yesterday. After the Fix and just ahead of New York’s opening, gold ran up to $1,636 in the middle and in the euro to €1,313.42.

Silver Market Manipulation FAQ

The Silver Market Manipulation FAQ is a compilation of information and references about silver market manipulation assembled for the Silver Circle movie website (www.SilverCircleMovie.com) and exclusively hosted there.

Watch Out For A Silver Breakout Higher

An old melody advises us to look for the silver lining whenever dark clouds appear in the blue. There is economic and political upheaval all over the world, especially in the South China Seas. This may directly affect the world’s supply of industrial metals such as graphite, rare earths, molybdenum and tungsten.

Silver Market Morning

New York gold closed at $1,615.90 almost the same as the day before. Asia and London kept it there in the London day. Gold was Fixed at $1,615.25 up 15 cents on Friday’ p.m. Fix. In the euro it was Fixed at €1,306.837 down €5 on Friday’s p.m. Fix, while the euro stood at €1: $1.2360. Ahead of New York’s opening, gold was steady at $1,615.00 in the middle and in the euro at €1,310.55.

Silver Market Morning

New York gold closed at $1,614.00 up $9.90. Asia and London whipped it up to $1,618.45 early in the London day. Gold was Fixed at $1,616.50 up $13, as the euro stood at €1: $1.2328. In the euro it was Fixed at €1,306.052 nearly the same as yesterday morning. Ahead of New York’s opening, gold was steady at $1,617.29 in the middle and in the euro at €1,307.64.

Gold & Silver Fear Indexes

A discussion with James Turk this week renewed my interest in his Fear Index. So I decided to calculate the current figure. Given the 2.8% GFI figure listed in the equation below, clearly the gold market mania phase is only beginning, when compared to the 1980's peak.

Silver Market Morning

New York gold closed at $1,604.10. London held gold there through the morning right up to the Fix where it Fixed at $1,603.50 as the euro stood at €1: $1.2328. In the euro it was Fixed at €1,306.739, up €13 on yesterday. Ahead of New York’s opening, gold was steady at $1,603.55 in the middle and in the euro at €1,306.62.

Silver Market Morning

New York gold closed at $1,599.60 down $8.70. London took gold down to $1,594 ahead of the Fix after which it Fixed at $1,594.74 as the euro stood at €1: $1.2328. In the euro it was Fixed at €1,293.600 down €12 on yesterday morning. Ahead of New York’s opening gold looked slightly stronger at $1,595.60 in the middle and in the euro at €1,299.40.

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