Thursday, October 25, 2012
China Silver Demand to Advance to Record on Wealth Protection [By Bloomberg News - Oct 25, 2012 10:50 AM GMT+0800]
Silver demand in China, the world’s second-largest user, is set to jump as much as 10 percent next year to a record as investors look to preserve wealth, according to Beijing Antaike Information Development Co.
Consumption may climb to 7,700 metric tons after gaining 6 percent to 8 percent in 2012, Shi Heqing, an analyst at Beijing Antaike, said in an interview on Oct. 22. About 33 percent of the country’s demand comes from jewelry and coins, with the rest from industrial use in photography, solar and electrical appliances, according to Antaike, which has studied metals for two decades.
Chinese investors are buying more silver as the second- largest economy slowed for a seventh quarter, the Shanghai Composite Index is heading for a third straight annual drop and property curbs are limiting prices. Silver climbed 14 percent this year and holdings by exchange traded funds gained 6.5 percent this year after touching 592 million ounces last week.
“Chinese investors want hard assets such as silver, especially when it’s cheaper than gold and requires less funding,” Shi said. “Many producers and investors have hoarded the precious metal in the form of ingots or unwrought silver.”
Silver rose 53 percent in the Federal Reserve’s first round of quantitative easing, or QE, from December 2008 through March 2010, twice as much as gold, and 24 percent during the second phase ending in June 2011, three times as much. The U.S. central banks announced a third round of QE on Sept. 13. Silver will probably beat gold in the next several quarters, Morgan Stanley (MS) predicts.
To read FULL ARTICLE
Thursday, October 18, 2012
Tuesday, October 16, 2012
Monday, October 15, 2012
Friday, October 12, 2012
Wednesday, October 10, 2012
Wednesday, September 19, 2012
Monday, September 10, 2012
Tuesday, August 21, 2012
Trader Dan's Market Views: Stealth Mode Rally in Silver Maybe not so Stealthy...
Trader Dan's Market Views: Stealth Mode Rally in Silver Maybe not so Stealthy...: I remarked last week that silver had been slyly working its way higher in very quiet fashion but was knocking on the door of overhead resist...
Thursday, August 16, 2012
Thursday, June 21, 2012
June 20th, 2012 at 8:35 pm [By Chris Vermeulen; www.thegoldandoilguy.com]
Gold & Silver on
the Verge of Something Huge!
June
20th, 2012 at 8:35 pm
Gold and silver have
taken more of a back seat over the past 12 months because of their lack of
performance after topping out in 2011. Since then prices have been trading
sideways/lower with declining volume. The price action is actually very bullish
from a technical standpoint. My chart analysis and forward looking forecasts
show $3,000ish for gold and $90ish for silver in the next 18-24 months.
Now don’t get too
excited yet as there is another point of view to ponder…
My non-technical outlook
is more of a contrarian thought and worth thinking about as it may unfold and
catch many gold bugs and investors off guard costing them a good chunk of their
life savings. While I could write a detailed report with my thinking, analysis
and possible outcomes I decided to keep it simple and to the point for you.
Bullish Case: Euro-land starts to crumble, stocks fall
sharply sending money into gold and silver which are trading at these major
support levels which in the past triggered multi month rallies.
Bearish Case: Greece, Spain and Italy worth through
their issues over the next few months while metals bounce around or drift
higher because of uncertainty. But once things have been sorted out and
financial stability (of some sort) has been created and the END OF THE FINANCIAL
COLLAPSE has been avoided money will no longer want to be in precious metals
but rather move into risk-on.
Take a look at the gold
and silver charts below for an idea of what may happen and where support levels
are if we do see money start to rotate out of metals in the next 3-6 months.
Over the next few months things will slowly start to unfold and shed some light on what the next big move is likely going to happen to gold and silver.
The price movements we have seen for both gold and silver indicate were are just warming up for something really big to happen. It could be a massive parabolic rally to ridiculous new highs in 2012/2013 or it could be a huge unwinding of the safe havens as countries sort out their issues and the big money starts moving out of metals and into currencies and stocks.
Only time will tell and that is why I analyze the market multiple times per week to stay on top of both long term and short term trends. So if you want to keep up with current trends and trades for gold, silver, oil, bonds and the stocks market checkout TGAOG at:http://www.thegoldandoilguy.com/free-preview.php
Chris Vermeulen
Monday, June 11, 2012
Wednesday, May 30, 2012
Saturday, May 19, 2012
Thursday, May 10, 2012
Saturday, May 5, 2012
Sunday, April 22, 2012
Saturday, April 21, 2012
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