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Silver Market Updates

Next Leg Up is Beginning (Precious Metals)

February 24, 2017
By SilverSeek

The next leg up in a new daily cycle for the precious metals has begun. Silver is breaking away above its 200 dma with little resistance now until it reaches $19. Gold is approaching its 200 dma and once it breaks through that resistance is expected to top somewhere above $1300+.

Market Report: Making headway in better volume

February 24, 2017
By SilverSeek

Gold and silver broke out on the upside from a two-week consolidation yesterday, with gold breaching the $1250 level, and silver clearing $18.00. Comex volume has picked up on these break-outs, characteristic of a bullish move. In early European trade this morning, gold was trading at $1254, up $19 since last Friday’s close. Silver was at $18.26, up 27 cents on the same timescale.

Silver Market Morning: Feb 24 2017 - Gold overcoming $1,250 resistance!

February 24, 2017
By SilverSeek

Bearing in mind that the prices of the 23rd [yesterday] above are the prices ahead of London’s opening and well ahead of New York’s opening. As you can see both London and New York were dragged higher by Shanghai. Looking at Shanghai’s closing prices today [not on the chart as they have not yet been officially released, we are looking at prices over $1,260. If London and New York continue to follow Shanghai, which we believe will happen, then both London and New York will see good rises later…

Metals Capped Into FOMC Minutes

February 22, 2017
By SilverSeek

An incredible amount of fraudulent, virtual silver is being created in order to cap price and paint the chart. Will JPM and the rest of The Evil Empire be successful once again in capping price and routing the Specs. The reaction to today's FOMC minutes may help to determine the outcome. Again, I can't stress enough the devious and fraudulent nature of this latest attempt to contain and cap price. The past four days have seen the price of Comex Digital Silver pressing up against the key…

Silver Market Morning: Feb 21 2017 - Gold is consolidating again!

February 21, 2017
By SilverSeek

Today’s action was dollar dominated with the gold price in dollars falling and the euro price rising. With no buying or selling of U.S. based gold ETF shares the New York gold price had little reason to rise but it did. In London the gold price fell back as the dollar held higher ground. But the gold price apart from currencies, is standing still and, once again, simply reflecting exchange rate moves. Nevertheless, the fundamentals for gold are extremely strong.

Silver Market Morning: Feb-20-2017

February 20, 2017
By SilverSeek

The August Alan Greenspan has said, “The European Central Bank (ECB) has greater problems than the Federal Reserve. The asset side of the ECB’s balance sheet is larger than ever before, having grown steadily since Mario Draghi said he would do whatever it took to preserve the euro. I have grave concerns about the future of the Euro itself. Northern Europe has, in effect, been funding the deficits of the South; that cannot continue indefinitely. The Eurozone is not working.” Greenspan said…

Market Report: Hey ho, and up she rises…

February 17, 2017
By SilverSeek

After a slow start, gold and silver resumed their uptrends this week, with both metals edging into new high ground. Gold rose slightly from $1233.5 at last Friday’s close to $1237, and silver from $17.95 to $18.03 in early European trade this morning. It has been the pattern for the last month that instead of drifting lower over the course of Fridays, precious metal prices have rallied in US trading hours, so this week’s uptrend may have further to go before the week is out.

Silver Market Morning: Feb 17 2017 - Gold is looking firm in all currencies!

February 17, 2017
By SilverSeek

Shanghai was trading at 275.90 Yuan towards the close today. This equates to $1,249.96, but allowing for the different quality of gold being traded [.9999 fineness] it stands at $1,244.96. Shanghai continues to lead the way over New York by $5 and $3 over London. With Capital Controls over Yuan outflows reducing turnover volumes in its currency we are watching the classic central bank battles against moves in a currency. We have yet to see a central bank win the battle over controlling an…

Silver Market Morning: Feb 16 2017 - Gold stronger in all currencies!

February 16, 2017
By SilverSeek

The dollar rises seen in the last few days, are largely due to speculative, emotional, positioning punting a bullish picture for the dollar. Yes, the superficial view of the factors pointing to a strong dollar, such as higher interest rate differentials coming, more potential dynamic growth and potential cash inflows from repatriated funds look positive for the dollar. But we cannot ignore the desire of the Fed and Treasury to see a weaker dollar for the sake of U.S. international trade.

Remembering the Genius of Hunter S. Thompson

February 15, 2017
By SilverSeek

Precious metals expert Michael Ballanger ponders the timelessness of Hunter S. Thompson's "blistering attacks on the status quo" and their applicability to today's political landscape. He also reminds us of the "incredibly bullish" fundamentals for silver and lays out the evidence for why this precious metal is on its way to $25/ounce by mid-year.

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