silver-prices

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

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Weekend: The Key to True Wealth

Welcome to the Wealth Daily Weekend Edition— our insights from the week in investing and links to our most-read Wealth Daily and sister publication articles. Forty-seven Christmases into this trip, I have learned but one thing… Life is what you make of it. Throw in a wonderful family, some great friends, and a few cold ones, and it doesn’t take you too long to figure out that you’ve got the world on a string. Somehow, I have managed to grab all three. Which is why, despite my sometimes bearishness, my glass could be smashed into a million pieces and I could continue to insist that it’s still half full. All things considered, I have been pretty fortunate. And there’s one thing I wish I’d learned earlier in life: The people in your life are what truly matters. It’s not what you have; it’s who you love. As for money: It comes…it goes… and you can always make more. But the one thing you can never replace is the time you spend with your family and friends. Advertisement CNBC Says It Could Be Energy’s Silver Bullet No one thought it would happen. But one tiny solar company just crushed every obstacle in the industry’s way. It’s 300% more efficient than rooftop panels, can be applied to any glass surface, generates electricity at night, and could hand you 595% over the coming months! Click here for the full story. You realize just how much that matters when your holiday occasions begin to have a few less partiers. At our house this year, that missing place was one that had always belonged to Unc. His real name was Branson, but “Unc” seemed to suit him just fine. Right next to the biggest bowl of gravy, his spot went empty this year. Eight weeks short of the holidays, he moved on to the great table in the sky — leaving us with far more leftovers than we ever bagged before. Not coincidently, the Bud Light also lasted quite a bit longer; although I would have traded it all for one last laugh with him… What he did leave us all with was a gift that you can never put a price on. More valuable than anything found under the tree, he left us with enough memories to last us a lifetime. Sadly, for me at least, Unc is just one of many. Aunts, uncles, mothers, fathers, grandparents, friends, and teammates — I’ve been around long enough to collect my fair share of memories. Christmas or otherwise, they …

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Gold and Silver Prices to Spike Next Week

Gold and Silver Prices to Spike Next Week

Gold and silver prices have remained volatile in both directions since October. But indications from the COMEX show suggest we may see a spike in these precious metals prices next week… As prices moved higher over the past two weeks, strong bouts of profit taking have hit the gold and silver markets in each instance, stalling the next attempt to hit another new high. World Gold and Silver Demand World investment demand for gold has increased 250% in the past ten years. Investment demand for silver has skyrocketed 522% since 2007. Sales of official gold coins (like the American Gold Eagle) have increased 618% since 2007. World governments are hoarding silver; official sales have plummeted 83% in the past three years. Gold demand for ETFs has increased 20,470% since 2002. Above-ground silver supplies dropped 86% last year. Industrial demand for silver has increased over the past decade, despite a 236% increase in prices. On the downside action over the past two weeks, strong buying support has come in as precious metals prices looked like they were going to sell off— thus our current holding pattern in gold and silver prices. This will change to the upside within the next two weeks as major buying of physical metal will need to take place in order to meet contractual obligations on the COMEX before December 31, 2010. Contracts for gold and silver December futures that demand physical metal must be met by then. But there appears to be a significant shortfall in the actual physical metal required to meet these demands — especially in silver… If these contractual obligations are not met by the 12/31/10 deadline, then we could see a default scenario, which would drive the metals prices even higher and cause great instability for other markets as well. This potential default is due to the fact that JP Morgan Chase, the largest fractional stock holder of the Federal Reserve, has been wildly shorting silver and is now caught between a rock and a hard place. Word on the street is that JP Morgan Chase has opted to go massively long copper in an attempt to hedge their losses in silver, which could be enormous. This is…

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Record Demand for Silver Coins

Filed in Gold, o, silver, silver-prices, South African Gold by on November 18, 2010 0 Comments
Record Demand for Silver Coins

Filed under: Market Matters , Currency The Financial Times quotes Jonathan Potts saying: “The phones are ringing off the hook.” Potts is managing director of Fidel Trade, a U.S. coin dealership authorized to buy coins directly from the U.S. mint. Potts’s statement is indicative of the state of the gold and silver coin market. Mints all over the world are running at full capacity. Among them are: David Madge, head of bullion sales at the Royal Canadian Mint said sales of the Silver Maple Leafs had been “extremely strong.” Continue reading Record Demand for Silver Coins Record Demand for Silver Coins originally appeared on BloggingStocks on Thu, 18 Nov 2010 10:40:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Endeavour (AMEX:EXK), Silver Standard (NASDAQ:SSRI), Mag Silver (AMEX:MVG) All Down on China Inflation Concerns

Endeavour Silver (AMEX:EXK), Silver Standard Resources (NASDAQ:SSRI), Mag Silver Corp. (AMEX:MVG) were all punished on Friday when China’s consumer price index (CPI) came in higher than expected, increasing to 4.4 percent. Silver and gold prices all fell significantly as speculation China may battle their inflation by implementing higher interest rates drove down commodities, especially most

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Has Endeavour Silver’s (AMEX:EXK), MAG Silver’s (AMEX:MVG), and Silvercorp Metals’ (NYSE:SVM) Time Come?

Now that silver has definitely turned the corner and is beginning to soar, the lagging silver miners like Endeavour Silver (AMEX:EXK), MAG Silver (AMEX:MVG) and Silvercorp Metals (NYSE:SVM) are about to have their moment, and investors should strongly benefit from them and others with strong exposure to silver, as it should begin to outperform gold going forward, even though gold will remain a

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Pan American Silver (Nasdaq:PAAS) Upgraded by Credit Suisse (NYSE:CS)

Pan American Silver (Nasdaq:PAAS) was upgraded by Credit Suisse (NYSE:CS), as the metal continues to be one of the hotter commodities, although overshadowed by gold because of the enormous record prices it has been trading at. Credit Suisse upgraded the from “Neutral” to “Outperform.” The ratio between silver and gold has been steadily moving back to historical proportions, giving investors

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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

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Industrial Demand Drives Silver Prices Higher

Filed in commodities, Gold, New Gold, silver, silver-prices, South African Gold by on September 7, 2010 0 Comments
Industrial Demand Drives Silver Prices Higher

Filed under: International Markets , Industry , India , Commodities More so than gold, silver is an industrial commodity. It is used extensively in computer technology. In India, silver is preferred over gold for jewelry. The lure of silver is both industrial and as a hedge against paper money . Suki Cooper, of Barclays Capital in London, reported in the Financial Times about increased buying by hedge funds and other short term investors. Continue reading Industrial Demand Drives Silver Prices Higher Industrial Demand Drives Silver Prices Higher originally appeared on BloggingStocks on Tue, 07 Sep 2010 12:30:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Citigroup (NYSE:C) Sees Silver Outperforming Gold

Over the medium term, Citigroup (NYSE:C) says silver prices could outperform gold prices, as industrial demand for silver continue to rise. Citigroup analyst David Thurtell said this, “Gold is likely to encounter repeated resistance at the US$1,250 mark over the coming month. The seasonal low period for buying in India is upon us, which will take some of the heat out of the market.” Over the

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Silver Manipulated to Protect Dollar?

Silver Short Squeeze Could Be Imminent PR Newswire FORT LEE, N.J., April 3 FORT LEE, N.J., April 3 /PRNewswire/ — The National Inflation Association today issued a silver update to its http://inflation.us members: On December 11th, 2009 NIA declared silver the best investment for the next decade. In our December 11th article, we said that it wasn’t a coincidence that the very day Bear Stearns

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