Sunday, November 13, 2011
Friday, November 11, 2011
Tuesday, November 8, 2011
Monday, November 7, 2011
Silver Market Update [originally published November 6th, 2011 Clivemaund.com]
Silver did what was expected of it last week, by reacting back to support in the $33.50 area, although it very briefly touched $32 intraday on Tuesday, and then, also as expected it bounced back. On the 4-month chart the action last week looks like a normal reaction, that may be a bull Flag, within a young uptrend that was signalled by the clear break above important resistance in the $33 area, which marked the top of the now completed intermediate base pattern.
Silver looks good here, and like it is preparing to break clear above the 50-day moving average, which is falling just above the price and currently acting as a constraining influence. The next upleg is expected to see it run at the more serious zone of resistance in the $37.80 - $39.50 area, which will be a bigger obstacle, as at this level it will run into supply from earlier buyers who were fleeced during the recent plunge and remain unnerved and ready to sell when they see prices improve.
READ MORE @ ORIGINAL SOURCE
Wednesday, November 2, 2011
Chinese Silver Investment Going Parabolic [BY DAN COLLINS: NOV/01/2011 Financialsense.com]
When 1.3 Billion people start investing in something…you might want to pay attention.
Chinese investment in silver has exploded since last year, with the trading volume going exponential. The China Daily reported today that the trading volume of silver forwards on the Shanghai Gold Exchange (SGE), China's only exchange for the precious metal, surged 751 percent year-on-year in 2010. Meanwhile, the volume in September of this year was more than six times that of the same period in 2010.
READ MORE @ ORIGINAL SOURCE
Monday, October 31, 2011
Friday, October 28, 2011
Wednesday, October 26, 2011
Now We're Cookin' [tfmetalsreport.com Tuesday, October 25, 2011 at 9:49 pm]
Silver wants to tag along and I want to get excited about it. But I can't. Not yet. I have a last in the Dec11 silver contract of $33.21. This is great. This is wonderful. But this is only a start. Silver must trade through and close above $33.58 before we can get excited. Until then, it is still rangebound. At the top of the range, yes. But still rangebound. IF it can get through 33.58, the stage is set for a continued rally, back through 36, all the way to 37 and beyond. Maybe even $39. It will be possible to make quite of bit of fiat trading a rally from 34 to 39. Be patient. Don't act in haste. Let's see what tomorrow brings.
READ ORIGINAL SOURCE
Tuesday, October 25, 2011
Silver Market Update [originally published October 23rd, 2011 Clive Maund]
Over the past week silver has behaved as predicted in the last update, breaking down from its potential Pennant pattern and dropping gently back towards support in the $29 - $30 area, to enter our "accumulation zone" shown on its 4-month chart which turned it higher on Friday, and while the pattern could still be a bear Pennant with an amended lower boundary this is looking considerably less likely - it looks like the Pennant has aborted. It is thus thought that we are late in the base building process
Read more @ ORIGINAL SOURCE
Monday, October 24, 2011
Friday, October 21, 2011
Last Chance to Own Silver at These Prices [Wealth Wire - Thursday, October 20th, 2011]
The Commodity Futures Trading Commission (The Cartel) on Tuesday approved a much-debated, long-delayed rule designed to curb bets on oil, gold, sugar and in particular silver.
CFTC Chairman Gary Gensler said the limits will protect the markets. The 3-2 vote—cast along party lines—illustrates how divided regulators remain over the role of government in the markets. The debate leading up to the vote also shows how even some CFTC commissioners supporting the rule think it may not have the desired effect.
Opposed by Wall Street and in particular JP Morgan Bank the rule aimed at capping the positions firms can take in certain commodity contracts in order to curb sharp price increases. The rule gained traction in Congress during a silver price spike in 2011, which some attributed to excessive speculation by short-term traders. Along with a number of other rules, it was mandated by the Dodd-Frank financial-regulatory overhaul.
So finally position limits in silver will be enforced. Will there be delays? Of course and you can bet your bottom dollar that the Cartel will be out in force with their lawyers challenging the ruling. However, there is a very high probability that on a beautiful day in 2012, JPM, et al will finally be feed of its shackles and the price of silver will move dramatically higher.
Read more @ ORIGINAL SOURCE
Thursday, October 20, 2011
Wednesday, October 19, 2011
Tuesday, October 18, 2011
KWN Special - Is Silver the Next Apple? [kingworldnews.com ;October 18, 2011]
The following information was put together exclusively for the King World News blog by Kevin Wides, out of Switzerland. It is a fascinating comparison between the bull move in Apple shares and silver bullion. Kevin stated, “With everyone talking about Steve Job’s death and the wonderful investment Apple shares have been, a closer look shows how hard it is to catch a trend over the long run. I still believe in the silver story, and one can see what it takes to hold on to long-term positions [throughout an entire bull market].”
READ MORE @ ORIGINAL SOURCE
READ MORE @ ORIGINAL SOURCE
Monday, October 17, 2011
One last sell-off for silver before we head back to $50? [By: Peter Cooper -- Posted 16 October, 2011]
After seven years of investing in precious metals you become something of an old-hand, not that this would impress the true veterans who recall the late 1970s. They are getting a bit old themselves now.
A sprightly 87-year old President Carter was on the BBC last night for a long interview, and sounded very impressive unless you are old enough to remember his abysmal presidency.
The man himself comes across as a bit of a 60s dreamer with flowers in his hair and peace and love stamped on his face. He is very genuine and has not made a cent out of being an ex-president. But he was a disaster, hopelessly out of his depth in Washington during a period when the world needed leadership.
Read FULL ARTICLE
Saturday, October 15, 2011
Silver on the Verge of Another Breakout [By: CHRIS MARCHESE OCT/14/2011]
Silver appears extremely bullish from a structural point of view, something that myself and others have been talking about the last 12-14 months. We first saw this in the vast reduction in the adjusted open interest (reference to spread positions) by about half followed by 2 monster rallies beginning in Sept 2010 and again in February 2011. From personal experience, gauging physical investment demand, paper (ETF) demand, shape of the futures curve and the Commitment of Traders report, silver will likely see a monster rally to at least the $40-$43 area before year end and possibly a breakout pushing the $50 level. In any case, Silver would be the one commodity I would want to own for the next 12-24 months.
Read more @ ORIGINAL SOURCE
Read more @ ORIGINAL SOURCE
Monday, October 10, 2011
Silver Market Update [originally published October 9th, 2011; Clive Maund]
It now looks like we were a little too bullish in the last update, for the way silver has acted over the past week suggests that another sharp drop is imminent before the dust finally settles on this reactive phase, that it likely to take it to or some way below its recent panic lows.
On silver's 4-month chart it is now apparent that a bear Pennant has been forming since the panic bottom, with the weak upside volume portending an imminent breakdown and steep drop. A reader pointed out to me during last week that silver's panic lows occurred in thin trading on the Hong Kong market, and for this reason we do not have to factor in the tail of the "Dragonfly Doji" candlestick shown on the chart when deciding where to draw the boundaries of the Pennant. The measuring implications of this Pennant call for a drop at least to the vicinity of the intraday lows of the Dragonfly Doji and possibly somewhat lower towards the $24 area - at this point the decline should have completely run its course and we will be looking to buy aggressively. We can see that a bearish "Harami" pattern has formed in silver over the past 2 trading days, implying that breakdown from the Pennant and the expected steep drop that will follow is imminent. A reason why this next drop should end the decline is that silver is already deeply oversold as shown by its MACD indicator, and it will of course be even more so after this impending decline. Those interested in going long silver investments in the near future should "keep their powder dry" but stand ready to wade in big time if silver drops into the bright green "aggressive accumulation zone" shown on our chart.
Read more @ ORIGINAL SOURCE
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