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Gold and Silver Explode Higher! Is it Finally Time to Buy?

June 20, 2014
By SilverSeek

As bullish as I am on precious metals going forward, it is important to realize that manipulation is still occurring and there are banks with access to nearly unlimited funds and extreme leverage via futures markets that can slam the price down at will. They are finally being exposed and even fined for the manipulation, putting an end the cries of “conspiracy theory.” But I am not convinced that they are out of the market quite yet.

Is The Silver and Gold Bull Market Over?

June 20, 2014
By SilverSeek

This chart illustrates how little the inflation adjusted price of silver has increased in value relative to the previous high set back in 1980. With government stimulus and money printing at an all time high, one would expect the price of silver to be much higher in 2014 than 1980. We would also like to point out that we used the government issued CIP as our measure of inflation and some believe this calculation to be bias to the downside.

Silver Market Morning

June 23, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,314.00 down $4.20 on Friday in New York. In Asia prices rose a dollar. In London, the Fix was set at $1,313.50 up $3.50 and in the euro at €967.018 up €4.06, while the euro stood weaker than Friday at $1.3583. Ahead of the opening in New York the gold price was trading at $1,312.65 and in the euro at €966.78.

Monetary Metals Silver Headfake Report: 22 June, 2014

June 23, 2014
By Chris Mullen, Chief Content Manager

Something extraordinary occurred this week. On Wednesday, the Fed made a routine announcement. That day, the price of silver was rising, but not out of the normal. Fireworks began on Thursday, and in 6 hours, the price of silver skyrocketed by 5%.

Has key to silver ‘bet’ finally changed?

June 23, 2014
By Chris Mullen, Chief Content Manager

Regarding the question of current and near-future prices of precious metals, it occurs to me that we might be in the midst of a revealing test. Are prices now - finally - “breaking out” and heading skyward? Or: Are the Powers That Be still in control and easily able to cap prices wherever and whenever they like?

Gold versus Silver

June 23, 2014
By Chris Mullen, Chief Content Manager

Most commentators that I read are more bullish on silver than gold. Not me, I am in the minority camp being far more bullish on gold than I am on silver. Now, let me tell you why I feel this way. In 1717, Sir Isaac Newton, who was then master of the Royal Mint in London, established a new mint ratio between silver and gold, which effectively put Britain on a gold standard. During the Napoleonic Wars Britain curtailed convertibility. This was reestablished in 1821 with the new £1 sovereign…

Silver Market Morning

June 24, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,317.50 up $3.50 on Monday in New York. In Asia prices rose a dollar. In London, the Fix was set at $1,323.00 up $9.50 and in the euro at €971.437 up €4.419, while the euro stood stronger at $1.3619. Ahead of the opening in New York the gold price was trading at $1,324.10 and in the euro at €972.07.

Silver Market Morning

June 25, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,319 up $1.50 on Tuesday in New York. In Asia prices pulled back to $1,312. In London, the Fix was set at $1,312.00 down $11.00 and in the euro at €964.422 down €7.315, while the euro stood weaker at $1.3604. Ahead of the opening in New York the gold price was trading at $1,313.70 and in the euro at €965.60.

Poll: Is the Silver Price Manipulated?

May 20, 2012
By SilverSeek

SilverSeek.com community vote -- this poll will be open until June 3, 2012.

Excellon resumes drilling at La Platosa

June 25, 2014
By Chris Mullen, Chief Content Manager

Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) ("Excellon" or the "Company"), Mexico's highest grade silver producer, is pleased to report the resumption of diamond drilling at its 100%-owned La Platosa Mine located in Durango State, Mexico.

Silver Market Morning

June 26, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,319.3 up $0.30 on Wednesday in New York. In Asia prices pulled back to $1,315.80. In London, the Fix was set at $1,311.50 down 50 cents and in the euro at €962.993 down €1.429, while the euro stood stronger at $1.3619. Ahead of the opening in New York the gold price was trading at $1,310.60 and in the euro at €962.37.

What Crude Oil Says about Silver

June 26, 2014
By Chris Mullen, Chief Content Manager

Crude oil prices have many reasons to explode higher and few to drop lower. The trend has been up for more than a decade. Central banks will print, politicians will instigate more wars and invasions, and each euro, yen, and dollar will purchase even less crude oil and gasoline. It is business as usual, but with an extra dollop of chaos, war, and price inflation tossed into the mix….

Gold and Silver versus the Petrodollar Peril

June 26, 2014
By Chris Mullen, Chief Content Manager

Jim Goddard: Gold and silver versus petrodollar perils, maybe explain to us what you feel that is and why investors should be concerned about it. David Smith: Well, the petrodollar is a term for US dollars that are used by different countries in exchange for buying petroleum and other goods. It’s extensive enough that it has come to be called the reserve currency of the world – but now that status is beginning to change.

Silver Market Morning

June 27, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,316.20 down $3.10 on Thursday in New York. In Asia prices rose to $1,317.40. In London, the Fix was set at $1,315.25 up $3.75 and in the euro at €966.314 up €3.321, while the euro stood slightly weaker at $1.3611. Ahead of the opening in New York the gold price was trading at $1,315.80 and in the euro at €966.47.

Precious metals building a base

June 27, 2014
By Chris Mullen, Chief Content Manager

It is three weeks since the managed money category on Comex placed their biggest bet ever recorded in recent times that silver was going lower, and also bet big-time that gold would sink below $1200. As is often the case when traders are so commonly committed to a price outcome they end up nursing some painful losses.

Silver Market Morning

June 30, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,316.10, down $0.10 on Friday in New York. In Asia prices fell to $1,313.40. In London, the Fix was set at $1,313.00 down $2.25 and in the euro at €961.623 down €4,691, while the euro stood slightly stronger at $1.3654. Ahead of the opening in New York the gold price was trading at $1,313.00 and in the euro at €961.76.

Silver Market Morning

July 01, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,328.50, up $12.40 on Monday in New York. In Asia prices were pulled back to $1,320.30. In London, the Fix was set at $1,325.75 up $12.75 and in the euro at €968.478 up €6.855, while the euro stood stronger at $1.3689. Ahead of the opening in New York the gold price was trading at $1,326.50 and in the euro at €968.85.

For Silver Bulls, Expanded Coverage Starts Today

July 01, 2014
By Chris Mullen, Chief Content Manager

In response to popular demand, I’m going to start tracking silver more closely. “There is a lot of talk on the Internet about silver going up a lot around mid-July,” a chat-room denizen averred on Tuesday. Although I’m not one to be influenced by blogger buzz, if Silver is in fact developing thrust for a moon shot, the evidence should soon become apparent on the intraday charts. Most immediately, that would imply a pop through the p=21.325 midpoint Hidden Pivot shown (see inset). That would…

Silver Market Morning

July 02, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,326.8, down $1.70 on Tuesday in New York. In Asia prices held around that level. In London, the Fix was set at $1,326.75 up $1.00 and in the euro at €970.982 up €2.504, while the euro stood weaker at $1.3664. Ahead of the opening in New York the gold price was trading at $1,326.60 and in the euro at €971.09.

Silver Market Morning

May 21, 2012
By Chris Mullen, Chief Content Manager

New York bounced back to $1,573.70 and Asia continued to take it higher, with London running it up to Fix at $1,590.25. The euro was stronger at €1: $12770, where it was when the morning Fixing took place. In the euro it Fixed at €1,245.204. Ahead of New York’s opening gold looked a little better at $1,592.15 and in the euro, €1,246.69 while the euro was at €1: $1.2771.

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