Comex position is bullish again for silver prices [By: Peter Cooper, June 15 2011]

Silver prices are set in the Comex futures pit in Chicago, and traders are becoming excited again by prospects for the shiniest of metals because of the supply and demand position within the exchange.

What has happened recently is a drop in the amount of physical silver available for delivery in the Comex – down 38 per cent to 29 million ounces since the start of 2011 – while the amount of silver that is being held for clients to claim in the Comex is up by 23 per cent to 72 million ounces.

Bullish signal

This looks like a classic  under supply relative to demand situation waiting to happen, and this is very bullish for the price of silver.

Read more @ ORIGINAL SOURCE

Turk - Gold & Silver Have Bottomed, Summer Explosion Ahead [June 14, 2011]

With gold and silver rallying, today King World News interviewed James Turk to ask him if we have seen the lows.  When asked about a bottom forming here Turk responded, “Eric you know from our previous discussion that I was looking for some more backing and filling and that is exactly what has happened over the last couple of weeks.  More importantly gold dropped back to test $1,520, while silver probed support around $35 and both support levels held.”
“The sharp rally that occurred today off of those support zones suggests to me that the correction is over.  In other words we are going to see silver back above $40 and gold above $1,550 within the next couple of weeks.  Everything is all set for new record high prices in both metals this summer, which is going to surprise a lot of people.


Read more @ ORIGINAL SOURCE

Silver Preparing For Another Shock And Awe Move [SUNDAY, JUNE 12, 2011] By Eric De Groot

Eric is a trader/investor, founder, designer, and editor of Insights, market & economic researcher and historian, periodic contributor to jsmineset.com, and BS & MBA.


READ HIS ARTICLE HERE