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Silver Market Updates

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.

Silver Market Morning

June 05, 2012
By Chris Mullen, Chief Content Manager

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

June 04, 2012
By Chris Mullen, Chief Content Manager

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

June 03, 2012
By Chris Mullen, Chief Content Manager

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

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

June 03, 2012
By Chris Mullen, Chief Content Manager

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.

Silver Market Morning

June 01, 2012
By Chris Mullen, Chief Content Manager

Gold closed in New York at $1,562.10 down $2.70 and in London’s early morning fell to $1,560.60 the same as yesterday. The euro stood at €1: $1.2364 another 30 cents lower than yesterday. Gold Fixed at $1,552.50 down $15 and in the euro at €1,259.370 down €3. Ahead of New York’s opening gold stood at $1,552.15 and in the euro, €1,259.45 while the euro was at €1: $1.2324.

Silver Market Morning

May 31, 2012
By Chris Mullen, Chief Content Manager

Gold closed against the flow of the euro, in New York at $1,564.80 and in London’s early morning fell to $1,560. The euro stood at €1: $1.2397 another 75 cents lower than yesterday. It continued to fall in London. Gold Fixed at $1,567.50 up $19 and in the euro at €1,262.077 up €17. Ahead of New York’s opening gold stood at $1,566 and in the euro, €1,261.89 while the euro was at €1: $1.2410.

Silver Market Morning

May 30, 2012
By Chris Mullen, Chief Content Manager

Gold closed well down in New York at $1,558.80 and in London’s early morning fell further to $1,550. The euro was the cause as it fell to €1: $1.2472 another 50 cents lower. It continued to fall in London. Gold Fixed at $1,548.75 down $25 and in the euro at €1,244.976 down €11. Ahead of New York’s opening gold stood at $1,549 and in the euro, €1,244.27 while the euro was at €1: $1.2449.

Silver Market Morning

May 29, 2012
By Chris Mullen, Chief Content Manager

Gold closed higher at $1,575.40 and in London’s early morning rose to $1,577.80. The euro was slightly weaker in London at €1: $1.2539 50, cents lower. It Fixed at $1,573.75 and in the euro at €1,255.666. Ahead of New York’s opening gold stood at $1,572.30 and in the euro, €1,254.93 while the euro was at €1: $1.2529.

Silver Market Morning

May 25, 2012
By Chris Mullen, Chief Content Manager

New York closed higher at $1,559.50 and in London’s early morning rose to $1,563.55. The euro was slightly stronger in London at €1: $1.2582. It Fixed at $1,560.50 and in the euro at €1,240.658. Ahead of New York’s opening gold stood at $1,560.32 and in the euro, €1,240.26 while the euro was at €1: $1.2582.

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