Despite rallying from a 1-day low of $1310 per ounce lunchtime Friday in London, gold was still trading 1.4% down from last week while European stock markets also reversed earlier losses. Silver initially dipped 2.7% last week but the recovered to finish at $21.80 last Friday. “Asian demand for physical gold picked up briefly this week when prices fell below $1300 an ounce,” says Reuters. Today Wed October 9th, Silver
This charge higher in the commodities sector has been nowhere more evident than in silver. “Silver is garnering more attention,” the Financial Times noted. Since its late June low, it has rallied 32%. Syria uncertainty is also driving up gold, silver & oil prices as traders are on the lookout for some sort of
Original Airtime: Thurs. Feb. 7 2013 | 1:07 PM ET
Randy Smallwood, CEO of Silver Wheaton, comments on where both precious metals could move next, with CNBC’s Jackie DeAngelis and the Futures Now Traders. Randy Smallwood, Silver Wheaton CEO, talks about the catalyst that would be needed to take silver to
The forecast for Silver is for the precious metal to set a a new all-time nominal price record, likely reaching as high as $54 an ounce. Despite silver’s dependency on gold, it does have some distinct fundamentals, too. Here are Peter Krauth’s, (Global Resources Specialist, Money Morning) key drivers for silver prices in 2013:
That was short-lived, as silver’s dramatic rise was unsustainable. I had said so at the time. The ratio recently returned to a high level near 60. In 2013, look for the ratio to head back down again, meaning silver will rise faster than gold.
On a long-term basis, I think we’ll see this ratio move down closer to 20. So right now, silver is looking rather undervalued relative to gold.
After the election President Barack Obama met with congressional leaders to discuss the “fiscal cliff.” Among the things campaigned for were tax hikes for the wealth to raise top income-tax rates but also to extend the Bush tax cuts for income levels below $200,000.
The president spoke about new ideas with his union and liberal-interest-group supporters, all of whom want to raise the top rates. Barack Obama spoke about providing a balance of spending cuts and tax increases only on the most wealthy earners.
However at this point a stalemate may be the most likely solution. Why?
1 – The Federal Reserve was not mentioned once.
2 – Ben Bernanke was not mentioned a single time.
3 – Quantitative easing was not mentioned a single time.
Silver is a limited commodity that’s in short supply…and high demand.
Now with the pace in which silver is climbing in value, investing experts believe that silver’s spot price could outpace the price of gold for the first time in history.
This infographic below illustrates silver’s meteoric rise and the factors that have led to it’s climb in value. Being influenced by
The Daily Crux: Van, what’s the state of the rare coin market these days?
Van Simmons: The rare coin market is healthy… It’s very liquid. But we have seen a bit of a shakeout with the price of gold going down. So it’s taken many of these coins out of the so-called “weak hands.” Most of the people left are the strong, longer-term investors.
Some of this area has become very inexpensive, and I can assure you it’s
This is” The Cheviot’s Sound Money Conference” which was held on Thursday the 27th January 2011 at London’s historic Guildhall.
We think it is going higher, in fact a lot higher!
So we suggest that you start
–Silver To Trade Between $28-$40/troy ounce In 2012
–Silver Likely To Rally In 2H 2012
–Speculative Investors Necessary To Push Silver Above $40
–2012 Industrial Demand For Silver Set To Outpace 2010 Record
NEWS
NEW YORK (Dow Jones)– The Global Head of Metals Analytics at Thomson Reuters GFMS told Dow Jones Newswires that silver is
