• Gold: 1,327.49 1.30
  • Silver: 16.96 0.02
  • Euro: 1.224 0.000
  • USDX: 90.484 -0.297
  • Oil: 63.89 -0.21

Live Silver

Bid|Ask 16.96 16.98
Low|High 16.90 17.13
Change 0.02  0.11% 
Jan 18, 2018 18:20:02 EST
1 mo +0.8317 +5.16%
1 yr -0.0967 -0.57%
Low|High 14.16 18.65

Live Gold

Bid|Ask 1,327.49 1,327.85
Low|High 1,324.15 1,333.11
Change 1.30  0.1% 
Jan 18, 2018 18:20:28 EST
1 mo +66.02 +5.23%
1 yr +124.36 +10.34%
Low|High 1,180.44 1,357.52

Gold-Silver Ratio

Bid|Ask 78.18 78.31
Low|High 77.60 78.40
Change 0.237  0.3% 
Jan 18, 2018 18:20:07 EST
1 mo +0.0136 +0.02%
1 yr +7.7266 +10.97%
Low|High 67.33 84.85

5 Ways to Establish a Scam Broker


By: DailyForex.com
If you're trying to find a fresh brokerage, or wondering whether a broker is providing you with a decent bargain, then here is a listing of two things for you to think about when making your test.
Inch. Forex Agents aren't absolutely all Crooks!
It could be quite unfair to choose the attitude that Forex agents are crooks. What you ought to keep in mind though, is that a lot of Forex agents do not put their customer's transactions at the actual market, and price spreads rather than commissions. Which usually means that a lot of Forex agents have been in a direct conflict of interest with their customers: the greater their customers lose, the additional income the agents earn. In reality, their business model is in relation to the collapse of their customers' trading.
It's a sad actuality that the majority of retail Forex dealers lose, however this is principally as a result of their inadequate trading procedures, and means Forex agents don't need to do something dishonestly to earn a profit.
But additional gain is obviously great thing, therefore that there are a few tips that some agents have their sleeves up to squeeze more cash out of flexible Customers, and here are some things you should watch out for:
2. High Definition / Commissions
Spreads came down a lot in the past couple of decades. Obviously, the additional cash you'll be able to finance your accounts with, the more better spreads you'll probably have open for your requirements personally. That is only because agents offering better hinges typically require higher minimum deposit. Whatever the situation, you should really check around. The times of needing to pay for a 3-pip spread for EUR/USD are all over.
Lately, more agents are introducing commission-based units, where customers invest a predetermined income amount per transaction. Once you do this, then carefully calculate just how much you really usually hazard on a commerce per pip, from this extrapolate the "disperse" you may end up paying. Sometimes these commission plus spread prices are intended to really make the offer appear much better than it is actually, and you also may just find this as soon as you make calculations that are personalized.
3. Overnight Financing
Until you happen to be a pure afternoon dealer and close all of your rankings before 10pm or even mid-night London period each single day, you are going to be paying or finding a touch (usually less than one pip) on every open commerce you've got as of that moment. That really is depending up on rate of interest differentials between the currencies which makes up this specific set, however, is organised by almost every broker like a net loser for each customer. Some agents are much worse than many others, and lots of them don't advertise those rates -- you just view it in your own announcement the following day once the deduction or payment was made. In the event you get many agents, they'll ordinarily be ready to quote you that their present immediately financing prices. Obtain yourself a couple quotes and compare them to precisely the exact same currency pairs, and also you may be amazed by the outcomes. In case you enjoy to put up transactions to the long-term, execute some calculations about how much you're very likely to cover this overnight financing. You may possibly realize that it greatly adopts if not exceeding your own profits.
4. Running of Stops / Spikes
It's perhaps not widely known that agents get a grip on their very own price feeds. There's not any central exchange, and also most agents aren't making the transactions, plus they're able to quote you some price they need! Obviously, they must continue to keep the prices quite fair, as you might use different agents' price feeds to accurately predict cost moves, and they'd shed money for a outcome. Which means you don't necessarily need to be worried that the broker is merely going to produce the up price.
Everything it's likely you need to fret about, is a broker is able to observe where their customers are clustering their stop loss orders, of course, should the overall selling price comes very near tripping those ceases, the broker may be very tempted to just fast nudge their price over that amount and pocket the proceeds. This is sometimes accomplished a lot more readily throughout news statements or abrupt shocks that have the consequence of spiking the overall marketplace price down or up. An unlicensed agent can always ship the purchase price somewhat lower or higher at these instances.
To become reasonable, mistakes are sometimes made, and agents will frequently repay stopped-out transactions after extortionate spikes when a lot of their customers whine. Regardless, it's something that you look out for.
5. Outages
You will find instances once the industry is running off in a definite way. If you would like to set a transaction and also you can't find a link with a broker, or so the commerce will be rejected for many unknown technical rationale, then see. This really is an indication of a broker that's using unfair procedures to forbid their customers placing winning transactions. In case it happens a lot, it's a funny sign.
All these really are not a comprehensive set of matters to look at when deciding on a brokerage, nevertheless they truly are definitely the most frequently encountered broker problems that may earn winning Forex even harder than it ought to be in the event that you usually do not consider these.

Silver Edition

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Przemyslaw Radomski, CFA, January 17, 10:29 am

During yesterday’s session silver moved back and forth in a volatile manner on volume that was the highest since April 2013. There were a few volume spikes in the meantime, but none as big as what we saw yesterday. The silver market is being very loud. But are you listening?

Eric Sprott, January 15, 3:17 pm

“We have to talk about these Intel chips that were flawed, OK? Because if you’re a wealthy person, and a smart person, do you know that your bank account can be hacked? Do you know that the bank where you have your money can be hacked? Do you know that everything can be hacked? Where do you want to have your money? Do you want to put some in gold, so that at least it can’t be hacked, ‘cause it’s physical—you’ve got it in your own possession? So, I think that’s going to be very, very important to both gold and silver here, that everything is so vulnerable. Of course, nobody talks about it anymore. The market goes to a new high, it doesn’t matter that all our computers are hackable, because someone else is controlling the market. But as smart guys thinking about this sort of stuff, do I really want to keep my wealth in something digital where I have no control over it?”

David Morgan, January 15, 3:15 pm

The Morgan Report is all about YOU and how you can build and preserve Wealth for generations to come. We know it can sometimes seem a daunting task to protect your assets and preserve or grow your wealth. Over 15 years ago, a small group of us started The Morgan Report and formed an exclusive membership organization to promote personal freedom, an honest money system, free market wealth accumulation and asset protection.

SilverCOTReport, January 12, 3:27 pm

COT Silver Report - January 12, 2018

Theodore Butler, January 12, 1:44 pm

In the annals of silver in the modern age, there have been two well-known instances of very large investor accumulations of the metal. First came the purchase by the Hunt Brothers and their associates in early 1980, followed by the purchase by Warren Buffett’s Berkshire Hathaway, 17 years later. The Hunts were said to control around 100 million ounces of actual metal (plus another 100 million ounces in long paper futures contracts), while Berkshire held as many as 129 million ounces.

Gary Christenson, January 12, 9:29 am

U.S. stocks, according to many measures, are the most over-valued in history. We live in a Bubble Zone! Bitcoin and other cryptos are definitely in a bubble, but they could rise even higher. Bonds yield little, and in many European countries, less than zero. Central banks have created this distortion to the detriment of savers, insurance companies and pension funds.

Rory Hall, January 10, 10:07 am

After our conversation with Craig Hemke yesterday we are more optimistic than before. Silver and gold are set up for a stellar year and if we could convince a 100 or more of these new crypto millionaires to attack the COMEX and LBMA we could see some real fireworks. Imagine what would happen if, independently, crypto millionaires began attacking the precious metals markets? Decentralized contracts flooding into the precious markets that actually are there to take possession? Would this have any effect or would these criminal enterprises simply change the rules and move on? We know they would force the participants to accept cash, as this is how the contracts are set up, but this would only expose the problem further.

David Morgan, January 6, 4:18 pm

The Morgan Report is all about YOU and how you can build and preserve Wealth for generations to come. We know it can sometimes seem a daunting task to protect your assets and preserve or grow your wealth. Over 15 years ago, a small group of us started The Morgan Report and formed an exclusive membership organization to promote personal freedom, an honest money system, free market wealth accumulation and asset protection.

SilverCOTReport, January 5, 3:26 pm

COT Silver Report - January 5, 2018

Eric Sprott, January 5, 2:53 pm

“The U.S. dollar has been very, very weak. The economy is not really showing great signs of doing anything, quite frankly. It’s kind of coasting along. You have a new tax plan which is going to increase the deficit considerably…. Lot’s of people know there’s a high degree of recklessness going on at the federal government level. And people are losing confidence in currencies.”

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