Monday, January 28, 2013
Tuesday, January 22, 2013
Tom Fitzpatrick's (Citi analyst) latest commentary on silver on kingworldnews.com
"Good resistance is met at $34.40-35.40 (on silver) and then most importantly at $37.48. A weekly close above that latter level would signal gains back to the April 2011 highs near $50 (a 56% surge from current levels)." Tom Fitzpatrick
Please see FULL ARTICLE
Wednesday, January 16, 2013
Tuesday, January 15, 2013
Thursday, January 10, 2013
Billionaire Eric Sprott, from Sprott Asset Management
Eric Sprott - "Silver Remains The Best Investment Of The Decade"
Wednesday, January 2, 2013
Friday, December 28, 2012
The next move in Silver may be stunning! [Dec 28 2012]
From KingWorldNews:
The silver chart above shows the important moves and consolidations since the advance began in 2003. Note that the last consolidation lasted 91 weeks. After silver was then able to break out above the $21 resistance area, it subsequently advanced roughly 150%. If silver were to replicate a move of that magnitude, after breaking the recent high of nearly $50, it would put the next target for silver at a staggering $125.
*charts put together by Kevin Wides
Sunday, December 23, 2012
Silver Vaults Stuffed Means Price Rising 30% in ’13: Commodities [Bloomberg.com]
Silver Bullion Pte, one of Singapore’s largest suppliers of coins and bars to retail investors, says sales tripled since October, part of a global surge in demand that drove holdings to a record.
“Our clients are worried that a major currency crisis or mass bankruptcies would occur,” said Gregor Gregersen, the 36- year-old founder of Silver Bullion, whose sales now average about S$6 million ($4.9 million) a month. “It all has to do with falling confidence in the heavily indebted Western governments and financial institutions.”
Global investment through silver-backed exchange-traded products reached a record 18,854 metric tons in November, or more than nine months of mine output, data compiled by Bloomberg show. Holdings are now valued at about $19.2 billion. Prices will rise as much as 34 percent to $40.25 an ounce next year, based on the median of 49 analyst, trader and investor estimates compiled by Bloomberg.
Silver almost tripled since the end of 2008, lagging behind only platinum in gains for precious metals this year as policy makers from the U.S. to China to Europe pledged more action to boost economies. That’s attracting investors betting that stimulus will stoke inflation and debase currencies. It’s also luring those wagering growth will strengthen industrial demand for silver, 53 percent of which is used in everything from televisions to batteries.
Read more HERE
Global investment through silver-backed exchange-traded products reached a record 18,854 metric tons in November, or more than nine months of mine output, data compiled by Bloomberg show. Holdings are now valued at about $19.2 billion. Prices will rise as much as 34 percent to $40.25 an ounce next year, based on the median of 49 analyst, trader and investor estimates compiled by Bloomberg.
Silver almost tripled since the end of 2008, lagging behind only platinum in gains for precious metals this year as policy makers from the U.S. to China to Europe pledged more action to boost economies. That’s attracting investors betting that stimulus will stoke inflation and debase currencies. It’s also luring those wagering growth will strengthen industrial demand for silver, 53 percent of which is used in everything from televisions to batteries.
Read more HERE
Saturday, December 22, 2012
Thursday, December 20, 2012
Silver update: 20th Dec 2012. By Trader Richard
30.00 seems to be the next support level and my personal opinion is that going back down to the 26.00 level is highly unlikely because silver seems to be respecting the bottom rising trend line so far. I think a break out to the upside out of this flag formation is imminent and more likely scenario. Kudos to those long term investors that were able to sustain this long sideways consolidation, which was probably designed to shakeout weak holders. Hoping it won't be much longer before you guys will be rewarded handsomely for your patience, because once this resolves to the upside, the move may be explosive.
This is not trading or investment advice and is for sharing my opinion only so please do your own research and analysis. Your investment and trading decisions is at your own risk. Thank you!
Trader Richard
Tuesday, November 20, 2012
Saturday, October 27, 2012
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
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