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Silver…The St. Valentine’s Day Breakout

February 16, 2014
By Chris Mullen, Chief Content Manager

In this Weekend Report I would like to show you the Chatology of silver that you won’t see anywhere else on the planet. Some of these charts might not conform to the classic textbook scenarios most chartists believe are the only correct ways to construct a chart pattern. I have learned through many years of charting the markets that there are areas in this field that can be opened up for further interpretation and still fall within the loose confines of what is considered a chart pattern…

Silver’s Uprising

February 16, 2014
By Chris Mullen, Chief Content Manager

At the end of December the price of gold bottomed and has moved up smartly while leaving silver behind, to wallow in a sideways pattern before making it’s low at the end of January. This odd behavior caused many investment writers to hedge their recommendations while waiting for a confirmatory breakout, while InvestorKey had been invested in the precious metals since the earlier part of January and now have profits of 20+% waiting to be booked. This common idea of waiting for confirmation by…

Silver Market Morning

February 17, 2014
By Chris Mullen, Chief Content Manager

The New York gold price surged once more to $1,318.60 up nearly $17 at the close on Friday in New York. Asia took it higher to $1,325 ahead of London’s opening on Monday. London held it there before Fixing the gold price at $1,326.00 up $17.50. In the euro, it Fixed at €967.601 up €12.003, while the dollar stood at $1.3704, weaker again. Ahead of the opening in New York gold stood at $1,327.40 and in the euro at €965.45.

Silver Prices Rise Dramatically At The End – Are We Close To The End?

February 17, 2014
By Chris Mullen, Chief Content Manager

Silver or the silver price is generally much more difficult to analyze than gold. Part of the reason is that so much less is known about the specifics of the silver market. Silver analysis is often done “through” the analysis of gold. This is not completely wrong, since silver and gold mostly moves in a similar manner – they have the same monetary properties after all.

SilverCrest Confirms U/G High Grades at Santa Elena 11.6m @ 5.83 gpt Au and 232.5 gpt Ag Including 1.15m @ 21.7 gpt Au and 572 gpt Ag

February 17, 2014
By Chris Mullen, Chief Content Manager

SilverCrest Mines Inc. (TSX VENTURE:SVL)(NYSE MKT:SVLC) (the "Company") is pleased to announce results of further delineation underground drilling completed in Q4, 2013 at the Santa Elena Mine in Sonora, Mexico. Twenty two closely-spaced (est. 25 metres) underground drill holes, totaling 1,590 metres have been completed to better define underground resources and verify widths and grades for the first planned production stopes to be mined in 2014.

Silver Market Morning

February 18, 2014
By Chris Mullen, Chief Content Manager

The New York gold price saw gold pause at $1,318 with Asia holding it there before London took it down steadily to $1,314 In London it Fixed at $1,314 down $12.00. In the euro, it Fixed at €957.586 down just over €10.00, while the dollar stood at $1.3722, weaker again. Ahead of the opening in New York gold stood at $1,313.75 and in the euro at €956.57.

Silver: 50 Days and 100 Years

February 18, 2014
By Chris Mullen, Chief Content Manager

In the big picture, gold and silver are increasing in price, along with the prices for crude oil, an average house, gasoline, food, and almost everything we need.Both gold and silver have accelerated their average price increases since 2001, the end of their 20 year bear market. Official national debt was $2.92 Billion in 1913 and nearly $17,000 Billion in 2013.The compounded annual increase since 1913 has been 9.04% while the increase since 1971 has been 9.31%.National debt increases, on…

Fortuna Updates Reserves and Resources; Silver in Inferred Resources Increases 26%, Gold 36% Year-Over-Year

February 18, 2014
By Chris Mullen, Chief Content Manager

Fortuna Silver Mines, Inc. (FVI.TO)(FSM)(FVI.TO)(F4S.F) is pleased to announce updated Mineral Reserve and Mineral Resource estimates as of December 31, 2013 for the Caylloma Mine located in Arequipa, Peru and for the San Jose Mine located in Oaxaca, Mexico.

Silver Market Morning

February 19, 2014
By Chris Mullen, Chief Content Manager

The New York gold price rose to close at $1,322.00 up $3.40 on Tuesday in New York. Asia took it lower to $1,314 before it rose to $1,318.55 ahead of London’s opening on Wednesday. The dollar continues to weaken and stood at $1.3764: €1 ahead of London’s opening. London held gold at Asia’s price before the Fixing, which was set at $1,318.75 up $4.75. In the euro, it Fixed it higher at €959.091 up just over €1.505, while the dollar stood at $1.3751, weaker again. Ahead of the opening in New…

Silver Market Morning

February 20, 2014
By Chris Mullen, Chief Content Manager

The New York gold price dropped to close at $1,310.20 down $11.80 on Wednesday in New York. Asia took it higher back to yesterday’s level there at $1,314 where London held it ahead of London’s opening on Thursday. The dollar recovered a little to $1.3705: €1 after London opened. London Fixed it at $1,313.75 down $5.00. In the euro, it Fixed it higher at €959.222 up just over €0.131, while the dollar stood at $1.3696, stronger. Ahead of the opening in New York gold stood at $1,314.65 and in the…

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:

Significant Silver Rallies Usually Follow Major Dow Peaks

February 20, 2014
By Chris Mullen, Chief Content Manager

Significant nominal peaks in the price of silver tend to come after significant nominal peaks in the Dow. This has been the case for the last 90 years at least.

Some Long Term Cycles for Silver

February 20, 2014
By Chris Mullen, Chief Content Manager

Last week I discussed long-term cycles for gold so I thought I would follow this up with some notes on long-term cycles for silver. One would presume that silver’s cycles are the same as gold and they would be wrong. Given their similarities as precious metals, their cycles do overlap so that it appears that their cycles are the same. But gold and silver march to their own beat.

Silver Market Morning

February 21, 2014
By Chris Mullen, Chief Content Manager

The New York gold price dropped to close at $1,323.70 up $13.50 on Thursday in New York. Asia let it slip to$1,316.55 before it rose back to $1,320, ahead of London’s opening on Friday. London Fixed it at $1,320.75 up $7.00. In the euro, it Fixed higher at €963.629 up €4.407, while the dollar stood at $1.3706 a tad weaker. Ahead of the opening in New York gold stood at $1,321.40 and in the euro at €963.82.

Gold and silver extend their rallies amid escalating Chinese demand for gold

February 21, 2014
By Chris Mullen, Chief Content Manager

This week has seen precious metals prices rise strongly, with the bears caught on the hop. The chart below shows gold which at the time of writing has been consolidating under overhead supply in the $1330-50 level.

Silver Market Morning

February 24, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,323.50 20 cents lower on Friday in New York. Asia took it up to $1,329.55 ahead of London’s opening on Monday. London Fixed it at $1,333.00 up $12.25. In the euro, it Fixed higher at €968.539 just over €5.00, while the dollar stood at $1.3763 a tad weaker again. Ahead of the opening in New York gold stood at $1,332.15 and in the euro at €970.25.

THE COMING SILVER STORM: The Public Is Not Prepared

February 24, 2014
By Chris Mullen, Chief Content Manager

The financial sky is growing dark. The stock markets are experiencing volatile trade winds. The barometer of the economy grows weak as indicators point to another recession looming on the horizon. The Precious Metal Storm is coming... unfortunately, the public is not prepared. I believe the U.S. and world are heading toward an economic collapse that civilization has never witnessed before. Even though we have suffered greatly through World Wars and global depressions, we have always been able…

SilverCrest Graduates to Toronto Stock Exchange

February 24, 2014
By Chris Mullen, Chief Content Manager

SilverCrest Mines Inc. ("SilverCrest" or "the Company") (TSX VENTURE:SVL) (SVL.V) (NYSE MKT:SVLC) is pleased to announce that the Company will begin trading on the Toronto Stock Exchange ("TSX") on February 24, 2014 following its graduation from the TSX Venture Exchange (the "TSXV"). The common shares of the Company will be concurrently delisted from TSXV upon commencement of trading on TSX. The trading symbol for the common shares of SilverCrest will remain "SVL". The common shares of the…

Silver Linings Playbook

February 24, 2014
By Chris Mullen, Chief Content Manager

The premise behind the movie (and book) Silver Linings Playbook is certainly a noble one, but not as profound as that of silver itself, which will have quite a playbook of its own in the not too distant future. In the story, the heroes, Pat and Tiffany, overcome adversity by maintaining a positive attitude in attempting to see a ‘silver lining’ in their uncertain circumstances, ironically, much like silver investors today. And in the end the two lovers find themselves in a ‘happy ending’, which…

Silver Market Morning

February 25, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,337.80 up $14.30 on Monday in New York. Asia held it just below that but London took it lower. London Fixed it at $1,332.75 down 25 cents. In the euro, it Fixed higher at €969.484 nearly €1.00 higher, while the dollar stood at $1.3747 a tad stronger. Ahead of the opening in New York gold stood at $1,333.25 and in the euro at €969.32.

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