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Silver Market Morning

June 11, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,260.80 up $7.80 on Tuesday in New York. In Asia and London the price held just above that level until the Fix, where it was set at $1,262.50 up $9.00 and in the euro at €932.629 up €8.014, while the euro stood weaker at $1.3537. Ahead of the opening in New York the gold price was trading at $1,263.10 and in the euro at €933.28.

Silver Market Morning

June 12, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,261.00 up $0.20 on Wednesday in New York. In Asia and London the price held at that level until the Fix, where it was set at $1,261.75 down $0.75 and in the euro at €932.902 up €0.273, while the euro stood weaker at $1.3525. Ahead of the opening in New York the gold price was trading at $1,264.20 and in the euro at €934.92.

Silver Technical Update

June 12, 2014
By Chris Mullen, Chief Content Manager

There is a clash between long term support and short term bearish divergence in gold. The key long term support is at $1773 while short term resistance is at $1994. Silver needs to trade over $1773 for the rest of the year to be in bullish zone. Silver will attract huge investment demand only if it trades over $2500 for a week. Till then traders as well as investors will use every rise of exit their silver investments.

Silver: The Undercover Super Metal

June 12, 2014
By Chris Mullen, Chief Content Manager

Silver has a reputation for being gold’s less desirable sister, but make no mistake, silver may still be a golden opportunity to invest in. You might be surprised to know that silver plays a part in many everyday things you use, especially electronics. Silver has the highest electrical and thermal conductivity of all metals. The use of silver is very prevalent in the photography, consumer electronics, medical, and high tech industries.

Like in “Lost” manipulators keep pushing the button

June 12, 2014
By Chris Mullen, Chief Content Manager

In the classic TV drama “Lost,” certain occupants of the mysterious island were tasked with the job of punching a sequence of numbers into a computer every 108 minutes to avert an unknown catastrophe.

Silver Market Morning

June 13, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,273.80 up $12.80 on Thursday in New York. In Asia and London the price held at that level until the Fix, where it was set at $1,273.00 up $11.25 and in the euro at €938.168 up €5.266, while the euro stood stronger at $1.3569. Ahead of the opening in New York the gold price was trading at $1,273.40 and in the euro at €938.51.

Dramatic Turnaround For Silver?

May 18, 2012
By Chris Mullen, Chief Content Manager

On the chart, I have indicated two similar patterns (marked 1 to 5).This comparison suggests that silver could rise significantly over the next couple of months. This would mean that a dramatic turnaround in the price of silver is coming (it might have started already).

Bottoming out?

June 13, 2014
By Chris Mullen, Chief Content Manager

Where this leaves precious metals is yet to be seen, but it is worth bearing in mind that hedge and other funds exposed to losses in bonds and equities will likely reduce their short positions in gold and silver. And if the current weakness in bonds and equities persists, it should be positive for precious metal prices as the bears run for cover.

SilverCrest Reports Results of AGM

June 13, 2014
By Chris Mullen, Chief Content Manager

SilverCrest Mines Inc. (the "Company") (SVL.TO) (NYSE MKT:SVLC) is pleased to announce the results of its Annual General Meeting of Shareholders ("AGM") held in Vancouver, B.C.

Silver is 7 for 7. Are We Seeing #8?

June 15, 2014
By Chris Mullen, Chief Content Manager

Since 2008 the RSI of the ratio has made 7 important lows below 30 that were also matched with a decent bottom in the silver price.There was also a quickly reversed bottom in the RSI in May of 2013 but silver prices were still falling and showed no sign of a bottom until early July.

Silver Market Morning

June 16, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,276.90 on Friday up $3.10 in New York. In Asia and London the price rose another $5 ahead of the Fix, where it was set at $1,281 .75 up $8.75 and in the euro at €947.339 up €9.171, while the euro stood weaker at $1.3529. Ahead of the opening in New York the gold price was trading at $1,280.30 and in the euro at €946.28.

BNN Interview with President & COO Eric Fier

June 16, 2014
By Chris Mullen, Chief Content Manager

SilverCrest Mines’ (TSX: SVL NYSE MKT: SVLC) President & COO Eric Fier appeared on BNN’s “Commodities” show with Andrew Bell on Tuesday June 10th, 2014 and discussed the Company’s growth strategy and M&A activities in the precious metals sector in a two-segment interview; please follow the links to view the interview:

Silver Market Morning

June 17, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,271.70 down $5.20 on Monday in New York. In Asia and London saw the price fall to $1,264 at the opening in London. The Fix was set at $1,264.50 down $17.25 and in the euro at €932.178 down €15.161, while the euro stood stronger at $1.3565. Ahead of the opening in New York the gold price was trading at $1,266.80 and in the euro at €933.63.

COMEX Managed Money Record Silver Shorts More Like Insurance than a One Way Bet

June 17, 2014
By Chris Mullen, Chief Content Manager

Trend following hedge funds have built up a record high number of short contracts in silver futures, but evidence we study shows that it is more likely a form of “insurance” than a simple one-way bet. For part of the evidence consider that the number of long contracts, or bets that silver will advance in price, have varied only marginally since the beginning of the year. In fact, since January 7 the number of long contracts held by Managed Money traders has been confined in a range of only…

Silver Market Morning

June 18, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,271.20 down $0.50 on Tuesday in New York. In Asia and London saw the price fall to $1,269 at the opening in London. The Fix was set at $1,269.00 up $4.50 and in the euro at €935.705 up €3.5271, while the euro stood stronger at $1.3565. Ahead of the opening in New York the gold price was trading at $1,271.00 and in the euro at €936.83.

SilverCrest Provides Update of Santa Elena Transition

June 18, 2014
By Chris Mullen, Chief Content Manager

SilverCrest Mines Inc. (SVL.TO)(NYSE MKT:SVLC) (the "Company") is pleased to provide an update on the commissioning of the new 3,000 tonnes per day ("tpd") milling facility and processing plant and progress of underground development at its 100% owned Santa Elena Mine in Sonora, Mexico. The commissioning of the new mill commenced May 1st, 2014 and it is projected that continuous nameplate production of 3,000 tpd will be achieved by the start of August. Underground development continues with…

Silver Market Morning

June 19, 2014
By Chris Mullen, Chief Content Manager

The gold price closed at $1,274.00 up $2.80 on Wednesday in New York. In Asia and London prices rose to $1,281. The Fix was set at $1,282.00 up $13.00 and in the euro at €940.227 up €4.522, while the euro stood stronger at $1.3635. Ahead of the opening in New York the gold price was trading at $1,282.20 and in the euro at €940.75.

Poll Results: Where will Silver End 2012?

May 20, 2012
By SilverSeek

Total votes: 1199 | #1 result = Above $40 (583 votes)

GDXJ Signals that MAJOR BREAKOUT and STRONG PM SECTOR ADVANCE IMMINENT...

June 19, 2014
By Chris Mullen, Chief Content Manager

Most investors or would-be investors in Precious Metals stocks are so soured by the seemingly interminable bearmarket in the sector, that has gone on for 3 years now and been made even worse by its having unfolded against the background of a rising stockmarket, that they won’t see the major opportunity now being presented, even when it’s as plain as the nose on your face, which it is. This is a bit sad really, because huge profits look set to be reaped by those buying the sector now.

June Lows Often Mark the Beginning of a Long Rally in Gold and Silver.

June 19, 2014
By Chris Mullen, Chief Content Manager

This chart courtesy www.seasonalcharts.com shows the historical trend of the price of gold, based on 30 years of data. Once the doldrums of June and July are out of the way, price usually rises until January-February. The challenge is to catch the June lows.

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