http://www.kitco.com/news/video/show/IPMI-2013/345/2013-06-25/Case-For-Silver-Simple-Industry-Insider
Kitco News talks with Michael DiRienzo of The Silver Institute at the IPMI Conference in Phoenix. Watch now to see what he has to say about silver. Kitco News, June 25, 2013
Wednesday, June 26, 2013
Monday, June 24, 2013
Thursday, June 20, 2013
Gold under-performed relative to both the STI index and the DOW since Jan 2013
Looks like Gold is ready to flip from being an under-performer to an out-performer again? Time will tell...
Wednesday, June 19, 2013
Tuesday, June 18, 2013
Jim Rogers: “Thank Goodness” For Gold’s Correction - June 17, 2013 Kitco News
"Kitco News asks Jim Rogers his take of current events like Deutsche Bank's new gold depository in Singapore and the two new Chinese ETPs. Rogers also talks about how India's Finance Minister Chidambaram repeatedly urges the public to stop buying gold, stating heavy gold imports hurt the Indian economy. Finally, Rogers says that the gold correction in April was necessary for gold to avoid an even worse crash. Despite the April sell off, Rogers is still purchasing gold (and silver)....In regards to Roubini's bearish comments on gold earlier this month, Rogers says he'll ignore those predictions." Kitco News, June 17, 2013.
Original source:
http://www.kitco.com/news/video/show/on-the-spot/336/2013-06-17/Jim-Rogers-8220Thank-Goodness8221-For-Gold8217s-Correction----June-17-2013
Original source:
http://www.kitco.com/news/video/show/on-the-spot/336/2013-06-17/Jim-Rogers-8220Thank-Goodness8221-For-Gold8217s-Correction----June-17-2013
Eric Sprott: Physical Demand for Gold and Silver is Draining Supplies, New Highs and More [Eric Sprott, President and CEO of Sprott Asset Management]
Eric Sprott discusses why he thinks gold and silver will make new highs in late 2013 or early 2014!! Doesn't mean he will be right, but it is certainly worth listening to why he holds this view.
Friday, June 14, 2013
24 Hour Spot Silver (Bid)- Source: www.kitco.com
Spot silver price sky rocketed up vertically after the PPI news release. The Produce Price Index for finished goods rose 0.5 percent in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Prices for finished goods fell 0.7 percent in April and 0.6 percent in March.
What Japan Means for Gold? [CNBC Video THU 13 JUN 13 | 01:05 PM ET]
"Japan jolts gold. What's the outlook for the precious metal, with Andrew Busch, The Busch Update, CNBC's Jackie DeAngelis and the Futures Now Traders."
"Billionaire John Paulson has no intention of closing down his gold fund" -June 11 (Bloomberg)
--Billionaire John Paulson, the hedge-fund manager trying to recover from losses related to bullion this year, posted a 13 percent decline in his Gold Fund last month, according to a letter to investors. Su Keenan reports on Bloomberg Television's "Bottom Line" (Source: June 11 Bloomberg)
Commitment of Traders report (COT)- Trader Dan Norcini's thoughts
Forget all the claptrap analysis about Commitment of Traders report, hedge fund short positions, big banks long positions in gold, etc. NOTHING MATTERS right now except liquidity." Trader Dan
Source: http://traderdannorcini.blogspot.sg/2013/06/japanese-yen-carry-trade-continues-to.html#comment-form
Source: http://traderdannorcini.blogspot.sg/2013/06/japanese-yen-carry-trade-continues-to.html#comment-form
Thursday, June 13, 2013
June 10 (Bloomberg) -- Integrated Brokerage Head of Precious Metals Trader Frank McGhee discusses the price of gold with Alix Steel on Bloomberg Television’s "Lunch Money." (Source: Bloomberg)
"Gold under $1100/ounce,......and silver under the $17-18/ounce level."
June 10 (Bloomberg) -- Su Keenan recaps today's top commodity stories. She speaks on Bloomberg Television's "Bottom Line."
Copper Prices Sink to a 5-Year Low
Silver in bear market, but we welcome this correction before the next leg up!
Silver tumbled into a bear market in April and is now about 56 percent below the record $49.80 reached in April 2011. This year's plunge in silver exceeds the 17 percent drop in gold, which is poised for its first annual decline since 2000.
Wednesday, June 12, 2013
Tuesday, June 11, 2013
Silver Cycles: What Next? [Posted by Deviant Investor on June 10th, 2013 on www.deviantinvestor.com/]
Background
Silver prices peaked in April 2011 and dropped about 60% over the next 25 months. Sentiment by almost any measure is currently terrible. Few are interested in silver; most have lost money (on paper) if they bought in the last two and one half years, and the emotional pains seems considerable. It reminds me of the years after the NASDAQ crash in 2000.
So will silver drop under $15 or rally back above $50?
To help answer that question, I examined the chart of silver for the last 25 years and identified several long-term cycles. Then I constructed a spreadsheet that attempted to model the price of weekly silver based on those cycles and a few assumptions.
For FULL ARTICLE
Silver prices peaked in April 2011 and dropped about 60% over the next 25 months. Sentiment by almost any measure is currently terrible. Few are interested in silver; most have lost money (on paper) if they bought in the last two and one half years, and the emotional pains seems considerable. It reminds me of the years after the NASDAQ crash in 2000.
So will silver drop under $15 or rally back above $50?
To help answer that question, I examined the chart of silver for the last 25 years and identified several long-term cycles. Then I constructed a spreadsheet that attempted to model the price of weekly silver based on those cycles and a few assumptions.
For FULL ARTICLE
Monday, June 10, 2013
Public opinion- Silver
"Public opinion towards silver is at very low reading and that must be interpreted as bullish." www.sentimenTrader.com
Silver Market Update [originally published June 10th, 2013 by Clive Maund on clivemaund.com]
Clive Maund's latest update on silver is as follows:
"While silver is on the defensive short-term there is plenty of evidence that over the medium and longer-term it is setting up for a powerful rally. COT's and sentiment are already very bullish indeed, which means that when the turn does come, the rally is likely to be accentuated by panic short covering.
On its 6-month chart we can see how silver is being pressured lower by its falling 50-day moving average coming into play overhead, although the increasingly large gap between the 50 and 200-day moving averages is indicative of an oversold state that increasingly calls for reversal. Volume is still predominantly negative, suggesting lower prices dead ahead. After that we can expect reversal. There was a pronounced bull hammer in silver in the middle of May towards the intraday low of which there is quite strong support- silver may drop no longer than the low of this hammer."
"While silver is on the defensive short-term there is plenty of evidence that over the medium and longer-term it is setting up for a powerful rally. COT's and sentiment are already very bullish indeed, which means that when the turn does come, the rally is likely to be accentuated by panic short covering.
On its 6-month chart we can see how silver is being pressured lower by its falling 50-day moving average coming into play overhead, although the increasingly large gap between the 50 and 200-day moving averages is indicative of an oversold state that increasingly calls for reversal. Volume is still predominantly negative, suggesting lower prices dead ahead. After that we can expect reversal. There was a pronounced bull hammer in silver in the middle of May towards the intraday low of which there is quite strong support- silver may drop no longer than the low of this hammer."
Read the FULL ARTICLE
Sunday, June 2, 2013
Gold/Silver ratio monthly chart---trend is down!
After analysing the Gold/Silver ratio monthly chart, it is clear to anybody that the trend is down during this secular gold and silver bull market, notwithstanding it is recently up (past 2 years) within the down trend. If my thesis is correct, it is my opinion that silver will do much better than gold in percentage points term during the next phase of the bull market. To give some perspective, if gold indeed reaches a target of between $3500-$5000/ounce mark at the end of this bull market, with a gold/silver ratio of 15, silver will be trading around $230-$330/ounce mark. That's an approx. 150%-260% upside in gold from current levels and approx. 940%-1390% upside in silver! Silver clearly outperforming gold!
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