Saturday, March 19, 2011
Thursday, March 17, 2011
Silver: Buy, Hold Or Sell? Update #20 [Peter Zihlmann]
-- Posted 16 March, 2011
In 1980, the price of one ounce of silver reached $ 50. Today, the purchasing power of the US dollar is substantially less than in 1980. The price of one ounce of silver would have to rise to $ 135 to reflect the value of the US dollar thirty years ago.
The long-term picture of the silver price
Read more @ ORIGINAL SOURCE
Wednesday, March 16, 2011
Is silver going to have a pullback from these levels?
March 13, 2011
"if it does, I'm going in with two hands..."
"if it does, I'm going in with two hands..."
Tuesday, March 15, 2011
Silver Will Rise to $50 on Demand, Supply Drop, Hightower Says
By - Mar 13, 2011 3:25 AM GMT+0800, www.bloomberg.com
Silver prices will rise to $50 an ounce before the end of this year on increased global demand and declining inventories of the metal, said David Hightower, president of the Hightower Report inChicago.
Record gold prices will shift consumer demand to jewelry made from the cheaper silver, especially in India, Hightower said today at a R.J. O’Brien & Associates LLC client conference in Chicago. Investors also will boost purchases of silver to hedge against inflation, he said.
May silver in New York has more than doubled in the past year to $35.935 an ounce yesterday. Silver inventories held in warehouses for delivery against New York futures fell last week to the lowest since August 2006.
“We should see silver demand increase and we will reach my $50 objective this year,” Hightower said. “Silver production is not keeping up with demand.”
James Turk - Rocket Launch in Gold Will Shock the Markets
March 14, 2011, kingworldnews.com
With gold and silver still consolidating gains, today King World News interviewed James Turk out Spain. When asked about the action in precious metals Turk responded, “If they were going to smash it Eric, they would have done it on Friday, but the fact that gold and silver reversed so sharply just goes to show how much buying power is under this market. Early in the day both gold and silver were on the ropes, but the uptrend reasserted itself.”
With gold and silver still consolidating gains, today King World News interviewed James Turk out Spain. When asked about the action in precious metals Turk responded, “If they were going to smash it Eric, they would have done it on Friday, but the fact that gold and silver reversed so sharply just goes to show how much buying power is under this market. Early in the day both gold and silver were on the ropes, but the uptrend reasserted itself.”
Turk continues:
“So looking back on the past few days, we just had a normal sideways correction within what has been a strong uptrend. The important point is that these uptrends remain intact.
We have been waiting for silver to get disorderly and so far that hasn’t happened. Usually you will see multiple upside breakaway gaps as you get frothy, but we haven’t seen that yet. So there are no obvious signs of a top. Given the strength we saw on Friday, it seems the correction is nearing an end and the uptrend is about to resume.
Eric it took from August until March to get from $18 to $36 so there might be a temptation to sell here and take profits. But the biggest move comes at the end of the trend and it comes much more quickly. So to see silver move $14 from $36 to $50 by the end of June is consistent with the way major trends develop and unfold.
Read more @ ORIGINAL SOURCE
Monday, March 14, 2011
Subscribe to:
Posts (Atom)