silver futures

Silver Near a 31-Year High

Silver Near a 31-Year High

Filed under: Major Movement , Competitive Strategy , Barrick Gold (ABX) , Commodities , Federal Reserve Back in the late 1970s, the Hunt brothers from Texas tried to corner the silver market . That drove prices to $48 an ounce. Now, 31 years later, silver is shooting higher again. The March silver futures contract closed at $32.296 per ounce , up 72 cents. Since gold is expensive, investors are turning to silver to hedge against inflation. Many fear that the Federal Reserve will not be able to control the spike in commodity prices. The Fed is buying $600 billion of treasuries and keeping interest rates near zero. Continue reading Silver Near a 31-Year High Silver Near a 31-Year High originally appeared on BloggingStocks on Sat, 19 Feb 2011 12:50:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

Continue Reading »

When will it end?

Filed in economy, euro, Gold, Gold Futures, Gold Investing, o, silver, silver futures, ubs by on January 8, 2011 0 Comments
When will it end?

We had expected trading to slow down by this time but the volumes are still there and we’re seeing plenty of tradable action. $87.50-88 has served as major support in February Crude for the last week and that continued in today’s session. We’re starting to think we may not get a break lower, on a settlement above $90 we will advise clients to start initiating longs again. February natural gas was higher by 4.2% today trading back over the 50 day MA. Aggressive traders could scale into February futures or purchase February or March 50 cent call spreads. If trading futures place stops below the contract lows; which also may serve as a triple bottom…stay tuned. A fresh 10′ high in the indices but we’re still looking for a correction in the coming weeks. We’ve yet to advise clients to short futures but do still like the idea of purchasing March ES put spreads. Looking at the charts it appears we may get a 2-3% appreciation in the dollar index in the coming weeks. If that plays out we feel the best way to trade is selling rallies in the Euro, Swissie or Pound. Live cattle traded back above the 20 day MA but settled just below that level. Aggressive traders can start re-establishing longs as we feel into next year we could see new contract highs followed by

Continue Reading »

Investors to Silver: “Let’s Get Physical”

The scramble for physical gold and silver is intensifying. People increasingly want to own the real thing, and not some paper substitute, all of which comes with counterparty risk. This conclusion is apparent from the fact that the futures prices for gold and silver have moved into “backwardation.” Allow me to explain… Because gold is Investors to Silver: “Let’s Get Physical” originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

Continue Reading »

Stocks Blithely Ignore Traditional Warning Signs

Filed in Gold, goldman sachs, shares, silver, silver futures by on September 29, 2010 0 Comments
Stocks Blithely Ignore Traditional Warning Signs

(I wrote here recently that the stock market is almost completely driven these days by algorithmic trading and prop-desk automotons who couldn’t care less about whether the ups and all-too-infrequent downs of the broad averages accurately reflect “reality.” Following is a post from the Rick’s Picks forum by “3 Lions” that nicely frames the insanity of it all. The theme is especially timely given the mini-flash crash perpetrated in bullion Tuesday night. This brazen, quasi-criminal shakedown not only allowed DaScumballs –aka the Night Shift – to steal gold and silver futures for far less than they were to fetch later that morning in more liquid markets, but to pick off widows and pensioners in some key stocks that trade round-the-clock, such as Apple, IBM and Google. RA) Unequivocally, we have reached a watershed in the history of the U.S. stock market and therefore global stock markets. Never mind whether traders or investors are making money or not; the stock market has now become nothing more than a casino where the “table” almost always wins. Business-news channels in the USA are nothing more than offshoots of Hollywood sitcom studios which 20 years ago would have been rejected for children’s TV as being too dumbed down. The U.S. stock market has become so far detached from reality that justifiably it cannot be called a stock ”market.” Those of us who believe that one of the best ways to keep proper tabs on the financial charade is by perusing the consistently accurate touts in Rick’s Picks should spare a thought for those still bogged down in ancient trading methodology, such as Elliott Wave

Continue Reading »

Is Gold Top Performing Metal in September?

The continual record-breaking performance of gold prices has obscured the smaller cousin of gold – silver, but for the month of September, even with the upward movement of gold, silver has so far outperformed it. Silver investors have been expecting and waiting for this for some time, as the gold/silver ratio wasn’t performing as it has historically, having a much wider spread in the favor of

Continue Reading »