Thursday, August 18, 2011
Tuesday, August 16, 2011
Silver Market Update [By: Clive Maund]-- Posted 16 August, 2011 silverseek.com
Silver held up surprisingly well during the stockmarket collapse - you will recall that we had expected it to take more of a beating - no doubt assisted by gold's sparkling performance, so that now, having held above strong support, and with a marked improvement in its COT structure over the past week, it is believed to be poised for a really strong upleg.
Read more @ ORIGINAL SOURCE
Read more @ ORIGINAL SOURCE
Saturday, August 13, 2011
Friday, August 12, 2011
When will silver catch up with gold’s stunning $100 advance? [By: Peter Cooper 11th August 2011]
The gold price shows every sign of going exponential as predicted by Jim Sinclair (click here). We have surged from $1,700 past $1,800 in a matter of days, so much for the normal low season in the summer for precious metals.
Silver has lagged behind and even slipped back a bit over the same period, albeit not dramatically from $42 to $39 at the time of writing. Then again in the run-up to the $1,700 gold price silver delivered almost twice the price gain of gold (click here).
Silver best buy
So what we have is a picture of volatile price movements, with gold and silver occasionally swapping places as the lead precious metal. Logically then with gold out front now, silver is the better buy and due for an upswing.
Why are these two precious metals so inter-linked? Well basically because they are both monetary metals, although both also have industrial and other uses. There are no other monetary metals.
Silver is often tagged as ‘poor man’s gold’ because it is so much cheaper than gold. Yet that gap has been closing for some years. The gold:silver ratio of three years ago was around 80, now its a little over 40.
Over the centuries the average gold:silver ratio is 12-16 and as gold increasingly becomes the currency of choice again we can expect to see this historic relationship resumed. Silver reserves are also much smaller than gold reserves and that is a key determinator of the supply/demand price dynamic as Eric Sprott recently pointed out (click here).
Higher than gold?
If you are really bullish on silver like author Mike Maloney then you can envisage silver one day being worth more than gold (click here). That still sounds a bit far fetched but the notion of silver outperforming gold in the coming precious metal bubble is not hard to imagine at all.
Perhaps over the past few days silver has sold down because it is also an industrial commodity. But it is not down by nearly as much as oil, for example, and is being supported by buyers who see it as a precious metal.
Also there might have been a temporary shift into gold from silver as a safe haven trade. But if so this is only a buying opportunity for what promises to be the best investment this year and most likely the next few years too. Buy now, these prices can not last much longer (click here).
Thursday, August 11, 2011
Wednesday, August 10, 2011
Monday, August 8, 2011
Sunday, August 7, 2011
Friday, August 5, 2011
Silver outperforms gold again in the flight to safe havens, BY PETER COOPER [4th August 2011]
Reading the headlines about a new all-time high for gold north of $1,675 and you could be forgiven for thinking that gold was the star performer amongst the precious metals over the past month.
Wrong! Step forward the shiniest of metals to take a bow at $42 an ounce this morning. In the past month silver is up from $34 an ounce, a 19 per cent gain, while gold is up from $1,480, an 11 per cent increase.
Read more @ ORIGINAL SOURCE
Wednesday, August 3, 2011
White hot silver [Aug. 2, 2011, 10:32 a.m. EDT] by By John Nyaradi
BEND, Ore. (MarketWatch) — Newton’s first law of motion states that the velocity of a body remains constant unless the body is acted upon by an external force. In the arena of exchange-traded funds, sectors and ETFs with strong momentum can often continue on strong trajectories, and July’s “sector of the month” was silver, as the white metal has been white hot.
Precious metals, and silver, in particular, were the leading sector in July in response to the debt ceiling crisis and a “flight for safety” from a potential U.S. default.Up some 18% for July and approximately 29% year to date, the white metal, sometimes referred to as “poor man’s gold,” has put in an impressive performance in spite of the precipitous decline it experienced earlier this spring.
While gold gets most of the press, it’s up “only” 14% so far for 2011, and so silver has really offered “margined” returns compared to a similar investment in gold.
Monday, August 1, 2011
Stephen Leeb - Expect Silver to Trade in the Three Digits [kingworldnews.com;August 1, 2011]
When asked about silver specifically Leeb stated, “Well I think silver obviously is a precious metal. I think it probably has a history as a precious metal almost as long or maybe even longer than gold. Its ratio to gold right now is about forty to one, I think that’s extraordinarily cheap, but what people have to realize about silver and I don’t think it has dawned on people, that not only is it a precious metal, but it’s a critical and I emphasize the word ‘critical’ industrial metal.
The majority of solar panels require silver and I don’t think there is enough of it if we really start building this stuff out. I think the Chinese realize this, they are probably already accumulating silver and will continue to accelerate those efforts.
Incidentally, speaking of the Chinese and gold, Thursday’s report from Goldcorp made interesting reading. The Chairman of Goldcorp said he expected Chinese purchases of gold to exceed those of India this year, which is just extraordinary.
I would expect their purchases of silver will commensurately be even larger because they need it. They are not just buying silver because they want an alternative to the dollar, they are buying silver because they know they are going to need it desperately to build out solar energy.
So silver, yeah, pick a number, but silver is a three digit commodity there’s no doubt about that.”
Read the FULL ARTICLE
Thursday, July 28, 2011
Wednesday, July 27, 2011
Eric Sprott joins Jim to offer his views on silver manipulation and the opportunities ahead [27/July/2011 Financialsense.com]
Jim welcomes Eric Sprott, Founder of Sprott Asset Management back to Financial Sense Newshour and discusses silver manipulation, and why he sees silver as the investment for the next decade.
Listen here @ FINANCIAL SENSE NEWSHOUR
Listen here @ FINANCIAL SENSE NEWSHOUR
Monday, July 25, 2011
Louise Yamada - Expect $85 Silver & Tremendous Inflation [kingworldnews: July 25, 2011]
With continued volatility in gold and silver, King World News interviewed legendary technical analyst Louise Yamada of Technical Research Advisors. When asked about the action in the metals markets Louise remarked,“Gold continues to be in an uptrend in our work. You had a little bit of a consolidation, seasonality would suggest a rise into the fall. The primary support level remains at $1,475...Our next target is $2,000, and we did a gold special in our last piece that suggested from a very long-term perspective...we could see $5,200 on gold.”
Louise Yamada continues:
Regarding silver specifically Yamada remarked, “We hit part of our silver targets at $50, (expect) $65, even $80, $85 over time. We had an 88% rally in a very short period of time from January and a one third retracement, 34% down, so that was pretty normal. We saw some support at $33 and would loved to have seen it go sideways a little bit longer to be honest with you.”
Read more @ ORIGINAL SOURCE
Saturday, July 23, 2011
Silver Market Alert! 22nd July, 2011 [By: Julian Phillips & Peter Spina, for the Gold & Silver Forecaster]
Short-term: expect the silver price to move up to $49 before giving new direction. More importantly, there has been a critical fundamental change in the shape of silver demand that has changed the long-term prospects for silver.
Having moved up to $50 previously on the back of major banks hurriedly closing their short positions, the silver price has spent time since then consolidating, as you see in the chart to the right. The move up to $40 is not simply silver following gold, but an indication of a major structural change in the size and shape of demand for silver.
Read more @ ORIGINAL SOURCE
Sunday, July 17, 2011
Forget $50 Silver…The REAL Inflation Adjusted Silver High Is $500+ [By Silver Shield,on July 16th,2011]
Right now,Gold is nearly double its 1980 nominal high of $850…
Silver, on the other hand, is still 20% below its 1980 nominal high of $48.70…
We are going to play a fast and furious game of catch up as silver smashes through its previous nominal high.
Watch how quite the media and all of the silver bashers are this time around.
The silence will be deafening.
Read more @ ORIGINAL SOURCE
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