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Silver Market Updates

Silver Market Morning: April 6 2017 - Gold still consolidating on support!

April 06, 2017
By SilverSeek

In Europe, Mario Draghi cautiously implied that the fear of inflation has passed and while risks remain to the downside he was more confident that growth across the E.U. economy is becoming positive. To us there are so many continuing risks in Europe that one needs to continue to question the future of the E.U. economy. What we did find somewhat disturbing in what he said, was that the more positive shape of the economy was due to two factors, monetary policy and the oil price fall.

Still Need To Be Cautious

April 05, 2017
By SilverSeek

Over the last week, I have been noting that the silver chart has been the most instructive as to how the complex is running right now. While we certainly broke out over the initial 18 level resistance cited last week, the rally has provided us with yet another possible pitfall, at least until the market proves itself.

Silver Market Morning: April 5 2017 - Gold consolidating on support!

April 05, 2017
By SilverSeek

The gold price is like a mirror for the different currencies and their financial systems. It is an inefficient market in that it does not reflect such on a day to day basis. It reflects the situation over time and has to contend with all sorts of interference from speculators, banks and governments. But, over time, it is an unbiased, accurate reflection of a nation’s financial condition through its exchange rate against gold.

Silver Market Morning: April 4 2017 - Gold rising above resistance, which is now support!

April 04, 2017
By SilverSeek

With Shanghai closed yesterday and today, the gold price jumped up and away from support into the higher $1,250’s this morning. This was primarily driven by a nearly four and a half tonne purchase into the gold ETF. So many times, in the past, we have seen such points of inflection result in ‘bear’ raids. But this time it was the bulls which came in. And they came in with physical demand.

Econ 101 -- Silver Market Manipulation

April 03, 2017
By SilverSeek

I hope this helps you to understand the forces that are aligned against you as a silver investor. However, do not despair. No fraud can last indefinitely and no institution built upon a foundation of lies and deceit can stand the test of time. Instead, the day is coming where true physical price discovery will again prevail in the precious metals. What will that price be? I have no idea but I'm quite certain that it won't be $1250/oz for gold and/or $18.25/oz for silver.

Silver Market Morning: April 3 2017 - Gold consolidating at resistance/support!

April 03, 2017
By SilverSeek

More importantly, gold prices today will not see any Chinese demand. As a result today’s prices will not reflect global demand, only London and New York. While the chances of a fall in the gold price globally is higher for today and tomorrow, Wednesday should see Chinese demand return, if that happens.

Market Report: Dollar under attack

March 31, 2017
By SilverSeek

As it was, gold traded in a narrow range all week, between $1245 and $1255, before dipping slightly yesterday in late trade to $1242. Silver meanwhile outperformed gold. In early European trading this morning (Friday) gold was at $1242 and silver at $18.09. The April futures gold contract is running off the board, and one would expect the bullion banks to shake out the speculators with long positions. Most have rolled over into the June contract, but remarkably, some did not, choosing to close…

Precious Metals Are in Alignment for a Major Ascent

March 30, 2017
By SilverSeek

Writing a missive such as this one has been a labor of love for me since the mid-1980s when I began to observe how stock market investors behaved at or near major inflection points—meaning "tops" and "bottoms." It all began in London, Ontario, in the summer of 1982 when I was in attendance at the annual London Chamber of Commerce Annual Canada Day barbecue where business types of all persuasions came together to "try to hustle up some new business," a 1980's version of the 2017 term "networking…

March Comex Silver "Deliveries"

March 29, 2017
By SilverSeek

Given my past experience in dealing with the CFTC, in no way do I expect any aggressive action from this neutered and fully-controlled agency. Instead, I just thought it would be fun to see if I heard anything back from them at all. Will I even get a response? I can tell you that, so far, I haven't even received one of those "thank you for writing us, we'll look into it" emails so it's not looking good. However, if I do eventually hear from them, I'll be sure to write follow-up to this post.

Silver Market Morning: Mar 28 2017 - Gold holding high ground and likely to rise!

March 28, 2017
By SilverSeek

For gold, before London opened on Monday Shanghai had already reacted through the western night. It was at $1,257 when we first looked during Shanghai’s day on Monday and is currently holding that level now. If it holds above $1,250 it will have broken through overhead resistance, which will become support, which appears to be happening now.

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