NEW YORK (TheStreet) -- Silver prices are up 49% in 2011. Day after day the metal keeps hitting new 31-year records. Traders keep waiting for some kind of fierce and furious correction, but so far silver keeps heading higher. Silver is now eying its all-time record it reached in 1980 of $50 an ounce.
Saturday, April 23, 2011
Friday, April 22, 2011
Silver Spikes And Corrections [By: Justin Smyth 21 April, 2011 ]
Silver continues its powerful and relentless move higher. From August 2010 until now this is the biggest rally during this silver bull market that started early last decade. Silver has also been the star performer of the financial world over the past year as you can see on the graph below.
Read more @ ORIGINAL SOURCE
Silver price rising three-times as fast as gold [By: Peter Cooper]
-- Posted 21 April, 2011
Over the past three days the price of silver has jumped from $42 to $46 an ounce, while gold has moved up from $1,480 to $1,507 at the time of writing. That is approximately a six per cent gain for silver and two per cent for gold.
The silver price is therefore rising at three times the speed of the gold price. Gold and silver bugs know this relationship well.
Read more @ ORIGINAL SOURCE
Over the past three days the price of silver has jumped from $42 to $46 an ounce, while gold has moved up from $1,480 to $1,507 at the time of writing. That is approximately a six per cent gain for silver and two per cent for gold.
The silver price is therefore rising at three times the speed of the gold price. Gold and silver bugs know this relationship well.
Read more @ ORIGINAL SOURCE
"Really, this (silver) bull market just starts at about $143/ounce" BrotherJohnF
Silver Update 20/4/11 - Longterm
Comment: An incredible perspective by BrotherJohnF!
Silver Surges Over $46.25/oz As Rumours Of A Short Squeeze And Cornering Market Gain Credence
Submitted by Tyler Durden on 21/04/2011 08:18 -0400
From Gold Core
Silver Surges Over $46.25/oz as Rumours of a Short Squeeze and Cornering Market Gain Credence; Speculators Smell Blood
Gold and silver have surged to new record nominal highs in dollar terms (all time and 31 year) with the dollar falling sharply on international markets. Silver has continued to surge in all currencies and has surged to a new record nominal high of $46.25/oz (£27.85/oz and €31.54/oz) on growing rumours of a short squeeze involving a billionaire or state interest attempting to corner the silver market (see Financial Times news story below).
Traders and technically minded investors are firmly focused on silver’s record nominal high of $50.35/oz. Some with a longer term fundamental focus continue to see silver in triple digits if it is to match the real record highs of $130/oz seen in 1980. The inflation adjusted silver chart puts the present sharp rise in the all important historical context.
Read more @ ORIGINAL SOURCE
Thursday, April 21, 2011
Kitco Audio: Rick Ackerman and Big Al Say the Gold Train Ain't Stoppin' Here!
Apr 20, 2011
"NO TIME TO BAIL OUT..." Rick Ackerman
"NO TIME TO BAIL OUT..." Rick Ackerman
John Embry - JP Morgan Massive Short Position Causing Silver Spike [April 20, 2011]
When asked about the relentless climb in silver Embry stated, “Well there are three factors I think. We’ve talked in the past about this massive short position that is held by JP Morgan Chase in particular. I mean this is becoming I think a huge millstone around their neck and if you don’t understand that I don’t think you can appreciate the upside thrust in this.
Now you superimpose that on the fact that the investment demand and the industrial demand are robust and are outrunning the available supply, so you’ve got a great supply/demand situation. And then you put that against the backdrop of monetary debasement which I think is probably ongoing and probably intensifying and you’ve got the perfect storm. I mean these people that are trying to pick tops for silver I think are making a mistake, I think it could go anywhere on the upside at this point.”
Read Full article at ORIGINAL SOURCE
Now you superimpose that on the fact that the investment demand and the industrial demand are robust and are outrunning the available supply, so you’ve got a great supply/demand situation. And then you put that against the backdrop of monetary debasement which I think is probably ongoing and probably intensifying and you’ve got the perfect storm. I mean these people that are trying to pick tops for silver I think are making a mistake, I think it could go anywhere on the upside at this point.”
Read Full article at ORIGINAL SOURCE
Wednesday, April 20, 2011
Market Nuggets: Deutsche Bank Anticipates Further Decline In Gold/Silver Ratio
19 April 2011, 02:04pm
By Kitco News
By Kitco News
(Kitco News) -- Deutsche Bank sees potential for the gold/silver ratio to fall further, which would indicate outperformance by silver. The ratio is determined by dividing the price of an ounce of gold by an ounce of silver. Shortly before 2 p.m. EDT, it stood at 34.11. “In our view, fiscal worries in the Western world and inflationary fears in the emerging markets will sustain precious-metals risks to the upside,” Deutsche Bank says. “The gold-to-silver ratio has fallen below 35, which could move towards 30 in our view. Historically, during periods of high inflation volatility, gold-to-silver ratios typically ranged between 30-40.”
By Allen Sykora of Kitco News
Tuesday, April 19, 2011
$50 silver - The Price Point of Liberty [By: Jack Mullen 18 April, 2011]
"That point is here today, and I think the signs are clear: gold is approaching $1500 and more importantly Silver is about to smash through the most protected price in the history - $50."
Read full article HERE
Read full article HERE
James Turk - Negative US Credit Watch Signals Dollar Collapse [April 18, 2011]
When asked about silver specifically Turk remarked, “Eric it is going from strength to strength. Silver tried to correct today and for a brief while it was down almost $1 from the day before, but when the smoke finally cleared silver ended up on the day closing at a new 31 year high. We are closing in on our $50 target and while I thought it was going to happen before the end of June, the strength that silver is exhibiting indicates to me that it could happen within a couple of weeks.
Read more @ ORIGINAL SOURCE
Read more @ ORIGINAL SOURCE
Monday, April 18, 2011
Dollar faces collapse [April 16 2011: by Samuel Jaberg, swissinfo.ch]
The United States greenback has become the biggest speculative bubble in history and will soon go the way of the dinosaurs, warns Swiss financial journalist Myret Zaki.
In her latest book, Zaki says that the euro’s future is much brighter and that attacks against the currency are just a smokescreen aimed at hiding the collapse of the American economy.
“The collapse of the American dollar… is inevitable. The world’s biggest economy is nothing but an illusion. To produce $14,000 billion of nation income, the United States has created over $50,000 billion of debt that costs it $4,000 billion in interest payments each year.”
Read more @ ORIGINAL SOURCE
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