Silver is back in the crosshairs of speculators, who have pushed its prices over $ 33 an ounce for the first time since March 1980 to a peak of $ 33.40 on the spot market in London. After the outstanding performance of 2010 - where silver had won more than 80%, one of the largest increases among the commodities - the metal had started the year in the name of weakness. But in February, it is on an appreciation trend .
Ned Naylor-Leyland, Partner at Cheviot Asset Management, tells James Turk, Founder/Chairman of GoldMoney and Director of The GoldMoney Foundation, on how he hopes more and more people will be caught by the 'Truth-Virus'. This should result in a firm embracing of sound money and the buying of gold and silver. Watch the whole 21-minutes interview at http:/www.goldmoney.com/naylor-leyland-t
The headlines are all for gold, but it was silver which actually made all the more striking performances.the price of silver is the highest ever seen for a little over 30 years earlier when the market was under the influence of speculative purchases of Hunt brothers. At the end of last year it took 65 ounces of silver to buy one of gold, while yesterday 58 would be enough . It is a confirmation of what industry analysts say: going up by 48% in 2009 and over 38% in 2010 , silver shows how it is an advantage being a precious metal and a metal with significant industrial uses . It should be noted that even in the downward trend in the past, the metal showed a speed exceeding that of gold. And it is worth noting that the industrial uses may become a disadvantage when the economy limps. In the case of silver increases are the engines of the weakness of the dollar (the currency in which prices are expressed), the low interest rates and the increasing industrial demand, in a mix that in recent weeks has been shown to operate at full regime, but that may not last forever. The 2010 budget for silver should see a world production of about 23 thousand tonnes, which will add 7 thousand tons of recycled material. The question is half the industry (electronics ), with significant demands for jewelry, coins and ETFs, securities traded like stocks, whose prices replicate the performance of the underlying metal. The silver , has a feature that is often overlooked: it is usually extracted from the mines in which silver is only a sub product. It means that any slowdown in interest in the primary metal (whether it be copper or lead, gold or zinc) has a negative effect on the extraction of silver.
The same can of course be reversed. But in these situations the risk is considered negligible. Indeed, the situation underscores the interest in the mining sector
Back in 2001, 10 years ago, I told people to buy silver when it was $5 an ounce. I said it would go over $20 that decade; also, in the next over $100 / oz. Debunkers said we are not going to use silver anymore. That is because we are leaving film and going to digital cameras. Then in 2008 it crash from 20 to 8 and they said "Oh see, silver was a bubble and you were wrong." I did now sell any. OK now they claim they always knew silver was going up. That said, they did not buy a single ounce.
Pre-1964 U.S. 90% silver coins, dimes, quarter, and half dollars are in the U.S., often referred to as Junk Silver. Good to hear that in Europe silver is being accepted as payment by some. It a good start. In some parts of Asia, silver is not regarded highly or as money. Gold is king there. No VAT in many countries on gold, including parts of Asia. Check around if you may need to travel light. Gold is preferred here. I was astonished by the fine jewelry available in Turkey in December. I really prefer coins, rounds, and ingots, however. The jewelry I just sold here, I don't think I got a great price on. I think a solid chunk is easier to get a grip on. I just got a set of heavy silverware, all complete, for five euros. It is crazy. I see beautiful copper household objects here for sale, too, in my nabe, and wonder why there are no takers.
Gold To Continue Long-Term Upward Trend
Feb. 22 2011 | Kingsgate CEO Gavin Thomas is optimistic about the second half of the year despite posting a 65% fall in consolidated interim net profit. He shares his upbeat outlook, with Michael Yoshikami of YCMNET Advisors and CNBC's Martin Soong & Sri Jegarajah.
NEW YORK (TheStreet) -- Daniel Wills, research analyst at ETF Securities, says that recent inflows into their gold and silver ETFs show a shift in investor sentiment.Investors Turn to Gold and Silver ETFs silver prices continuing their safe haven rally on Wednesday. Because gold indexes and the spot price up more than eight dollars joining me -- Daniel wills research analyst for ETF securities. And Daniel we have gold -- up you know 5% in February silver up. 17%. For the month. Have these metal run too far too fast.
GoldQuest Mining Corp. is focused on cost-effective exploration in Spain and the Dominican Republic. GoldQuest aims to fast-track exploration projects to a decision stage while rapidly discontinuing those projects that fall outside the company's criteria. GoldQuest puts priority on putting experienced explorationists in the field to rapidly determine the economic potential of a prospect at an early stage.
Feb. 20 2011 | Mike Harrowell, senior resource analyst at BBY, says demand for gold will pick up in the third quarter. Andrew Freris of BNP Paribas Wealth Management, believes rising demand for risk assets will limit upside in the precious metal. They share their outlook, with CNBC's Karen Tso, Martin Soong and Sri Jegarajah.
$500 Silver, Max Keiser Explains His Price Target -- 19 February 2011 32.88 =-} AND JUST WAIT!! THE 100 TRILLION DOLLAR DEBT WILL SIMPLY BE "WRITEN OFF" IT WILL NOT BE ALIGNED TO METALS.
Dollars are more valuable than silver because dollars have a special unique ink and the paper has more energy than ordinary paper and can fuel a fire longer than average paper. Don't believe me? Toss a few dollars into a fire and see! Also you can eat federal reserve notes if you run out of food. You can't eat silver. LOL. I am just kidding obviousely
Feb. 18 (Bloomberg) -- Gijsbert Groenewegen, founder of Silver Arrow Capital Management, talks about the impact of political unrest in the middle East on equities and the outlook for stocks, gold and silver. He speaks with Matt Miller and Dawn Kopecki on Bloomberg Television's "Street Smart." (Source: Bloomberg)
The Gold priceclosed today on the rise for the fifth session in a row. The futures maturing in April NYMEX gained 0,3% to $1.388,60 an ounce. It was from last January 13 that the gold price did not reach these levels. The price of yellow metal benefited from the unrest in the Middle east and from the weakness of the dollar . Today in many countries in the Middle East there were protests and violent clashes. Egypt agreed to let Iranian warships pass through the Suez Canal , The risk of a confrontation with Israel, which called Tehran's move a "provocation ", has increased the appeal of gold to investors.More and more investors are therefore increasing their positions in gold, the ultimate safe haven.
Silver Sky Rockets, Masses Begin To Dump Silver , Keep your silver as long as you can, it is going up..up...up! Eagles are very desirable. I would say there is a three dollar spread between Eagles and rounds. I always buy my silver in Eagles and 90% US coin nothing else. And never over 1oz you can keep the larger quantities, they too often sell at discounts. One hundred ounce bars can be as weak as 90%. I would rather have 100 Eagles.
GM did not get broken by the unions.. GM got broken because they took all the profit out of the company instead of putting money back into the company to inprove quality.. if u r old enough to remember what cars were like before the latest generation of cars u would know why US market share drop like a brick ..they abandoned the family car and made gas guzzling SUVs and huge trucks..it was of their own making..the lies about union pay etc is just that lies from the corporate lobby
NEW YORK (TheStreet) -- George Milling-Stanely, managing director of the World Gold Council, breaks down China's buying patterns and if the country would get on a gold standard There's been a lot of chatter in the gold community about China and getting on -- gold standard. Currently China Central Bank only has 1054. Tons of gold in its reserves so. Is China actually buying gold They've been buying periodically for a number of years now and every once in awhile they'll tell the world what they have done over previous period for example in 2009. They reported that at about 400 tons of gold to their reserves in the previous six years. We don't know when the next announcement will be coming but that said there a very strong flows of gold going into China right now. And that it -- and number of people in the market who wonder -- the private sector is capable of absorbing political it's flowing into the country nobody knows the answer we'll find out when China is ready to tell.
NEW YORK (TheStreet) -- Scott Redler, chief strategic officer for T3Live.com, reveals how he's trading gold and silver now that the metals have broken through key resistance...
Scott Redler, : ....Gold right it's brushing up against his trip today so traders watched to see if you can blast through it. Were hit it. And then let that be resistance I think traders -- bit frustrated because they're used to gold having these huge swings you know that the huge gains that we've seen. I'm so those that are trying to traded and over traded are actually losing even if they're right. For me unless someone here talked about -- tier one approach from about thirteen thirty when -- broke that downtrend that -- views like 131. I haven't touched it. So what does it take created an accurate well positioned begin to break through and it -- for. I wanted to add if I had the -- up for today it was like down and we. Trading here would have added because they knew that 13350. Was a good area -- but 13413450. It's right near that 135 and ideas and discuss in my positions that you -- a lot of work out I'm not -- You know not -- against walls and I need to own more I don't think it's the right price that.
BNN host a 9 min discussion on the alleged manipulation of the silver market following Bart Chiltons comments
David Morgan - I like you, and sadly you let us down. You neglected to raise the important facts, including the London whistle-blower Andrew Maguire's testimony, and the ratio of short positions held by JPM & HSBC in silver, and Adrian Douglas' compelling articles that prove that the market is manipulated. David, if you're not going to prepare yourself for these debates, then kindly bow out to those who will, like Ted Butler or the GATA boys. I agree that Daid Morgan has been a bit neutral in this interview by not mentioning Andrew McGuire and GATA etc. Who knows prior to the interview he might have been told what could be talked about and what would end up on the cutting room floor. Getting the story out to more people should be the name of the game and that is what will expose the fraud...
UK consumers are being defrauded by companies massively undervaluing scrap gold people want to flog off.if anyone with a brain would be selling gold now... now is the time to buy gold & silver! as our economies collapse gold/silver become real money again , That's amazing! You give people internationally accepted real money, and they give you fiat toilet paper currency which is losing value everyday, in exchange. What a great deal. DON'T sell your gold. SAVE YOUR MONEY IN GOLD AND SILVER BULLION TODAY. GOLD AND SILVER IS REAL MONEY AND CURRENCY. Your £ note is junk paper , there is no such a thing as scrap gold all gold is good ... Recorded from BBC 1pm News, 14 February 2011
The Silver is in BACKWARDATION and the fall of the bankers It's happening right now, and it will change everything. It's still winter but things are getting hot, hot, hot. Barclays reports solar panel usage is expected to jump up to use 7% of production; mines are borrowing metal for their hedge programs, high grade silver is getting swooped before it reaches the street, coin sales are at record levels, Comex is at four year low (Reuters) Money had been leaving SLV. Lots and lots of hard data to back up this one beyond a doubt.
Eric Sprott president of Sprott Inc and his daughter Larisa on silver and the family business; .Why Eric Sprott is bullish on silver, and fundamentals behind his enthusiasm; Larisa Sprott's role in the family business;
Jim Puplava talks to the boss of Pan American Silver corp Ross Beaty about silver going down to 20$ an ounce and tells one listener he sold part of his silver stash and swap it for palladium and platinum recorded on February 12th 2011
Scarcity of Silver and Copper ...Dr. Stephen Leeb & Chris Waltzek Goldseek.com on Radio Gold Nugget.
Copper may not be scarce anymore if the new cold fusion breakthrough is true. The new breakthrough in cold fusion produces copper as a byproduct. I will wait and see if this breakthrough is debunked before I invest in copper. I don't want JP Morgan to profit off of me any more
Gold to reach $2,000 an ounce by end of this year. The national debt continues to rise to unsustainable levels. Use gold and silver to add safety and security to your portfolio.It is not too late to reap the benefits of owning gold.
Investors Have $102 Billion Bet on Gold, Silver Gains
By Nicholas Larkin and Pham-Duy Nguyen
Feb. 7 (Bloomberg) -- After the worst January for precious metals in two decades, investors still have a $102 billion bet on higher prices, hoarding more gold than all but four central banks and more silver than the U.S. can mine in almost 12 years.
Once again, you make another great case for silver. Keep it up coach. Many people are starting to wake up. As for guys like me, patience is key and one day we will see a tremendous return on our investment. The world does not see our dollar as a valuable asset like it once used to and many Americans are starting to understand what is going on with our monatary system.
The Chinese population and government are dumping the worthless paper currencies of the world, which their governments just magic from nowhere, and dumping guilts, and are instead investing in gold. No matter what the price of gold is, one thing is certain, you can't print more of it like Western governments have done to their paper currencies.
Short-Term Silver Trade: Nymex Trader NEW YORK (TheStreet) -- Mihir Dange of Arbitrage reveals how he's trading silver in the short-term and breaks down his 2011 price target.
Despite recent selloff that silver's still up 8% -- the beginning of 2010. While gold is up 20%. Does this mean there's a deeper correction to come in Gilbert joining me for the trade at an iMac (AAPL) isn't here -- So not only you were expecting -- did we get -- it.
We did we got substantial correction down to about 2630. And were up almost three dollars from there which is a tremendous --
I think we'll -- or another correction I think right now I would get a little short. I'm not looking for any.
Wild bullish or bearish movement but if anything it could make and -- can make make another attempt. Back down 2630. But I don't think you're gonna see much more correction that.
Feb. 7 2011 |Gold prices could rise to around $1,600 by the end of the year, predicts Andre Julian, CFO & senior market strategist at OpVest Wealth Management. He tells CNBC's Martin Soong, Saijal Patel and Karen Tso what is driving gold prices higher.
NEW YORK (TheStreet) -- Carl Brechtel, COO of International Tower Hill, a Gold company , reveals how the company will stay independent despite its need for cash in two years.
International tower hill will need -- in two years. Is junior gold explorer has a low grade big deposit in eastern Alaska and is hoping to start production in 2016. Money's gonna run out in 2013. CIO Karl Albrecht tell how would.
You or would you be -- looking to capitalize on an -- and we're seeing gold mining sector. Our plan and our strategy right now is to develop the mine ourselves and develop. The company that can operate. Does mean we're not open to. Purchased by another organization. Just means we don't see that -- saw some solutions....
there is no bubble in Gold and Silver : What you are about to see is the absolute, 100% exact opposite of a precious metals bubble.Scotia Mocatta Sells Out Of All Silver Bars , - James Turk is predicting silver to jump to $35 and beyond very soon.
its great to see whats happening on the ground. its sad to hear that one dealer say she thinks we are at the top and its not going anywhere from here. I would have to say that the numismatic end of things are not as lucrative either, anymore. It's no longer a hobby..., personally I don't mind paying the extra buck or $2/ounce to get American silver eagles or Canadian silver maples. I think they're beautiful coins & the premiums hold up when you sell them too, so you get it back. Also, I think there's a case to be made for some unforseen appreciation/wildly higher permiums at some point for silver eagles given the trouble the US Mint is having meeting demand. What happens to premiums if the Mint CANCELS the silver eagle program all together?!
For centuries alchemists tried to figure out how to create gold from nothing or from something like lead .Central Banking with the use of FIAT money and fractional reserve lending is the Financial alchemy the elite have used to create and steal wealth from unsuspecting nations and citizens , watch the magicians hands ...
The system is a Ponzi scheme. Being a Ponzi scheme there is not enough money to pay the interest. Thus more money and debt must be created to keep the scheme going. It runs into problems when loans cannot be created which we are witnessing now. Thus all the Government debt creation by the trillions. the sad part is all this debt results in liabilities that ultimately cannot be paid. The paper holders then use their legal claims to seep the winnings off the table..The current economic crisis epicentered in The US which has gone global has been engineered by design by globalist International Elites and Bankers. I will explain how. It is the result of Fiat money and fractional reserve lending which is basically the creation of money from thin air. Money may be created from nothing but the debt and legal claims are real and have serious and REAL implications for the citizens of the US and most countries around the world. This is a simple presentation as to how created paper ends up claiming real assets and the labour of men and women. Paper liabilities involve counterparty risk. Better store your wealth in Gold before the "Crack up boom" accelerates.The system does exacatly what I demonstrated. Created paper (Money Printing and fractional reserve Lending)creates claims on really assets. The Pie actually gets smaller and smaller for those that do not understand the system or have the ability to partake in it.
Feb. 2 (Bloomberg) -- Wayne Atwell, managing director at Casimir Capital LP, discusses the impact of the unrest in Egypt on goldand the global metal markets. Atwell speaks with Lisa Murphy on Bloomberg Television’s “Fast Forward.” (Source: Bloomberg)
Jan. 31 2011 | Kingsley Jones, international portfolio manager at Macquarie Funds Management Group, recommends gaining exposure to silver through an ETF that tracks its miners. He shares his strategy, with CNBC's Chloe Cho.
NEW YORK (TheStreet) -- Anthony Neglia of Tower Trading of NYC reveals how high silver will go and how he's trading.
Gold trying to find its identity as a safe haven -- but we that leaves silver joining me for the silver trade -- nymex Antonin Anglia. -- So gold these dying on the need to -- on the flip side is that over five for that silver is the ultimate safe haven or is there something else -- the --
About silver is not the ultimate safe haven but it is the poor man's gold. So people use -- an economic -- they use it against Egypt and it also works very very well because it's a semi precious metal. It works very well -- when we have economic good times stock market doing well.
So it's really moving summer though because the safe haven demand didn't help boost gold so lets them up and -- actor living silver.
In what is probably the world's most comprehensive technology intervention, a worldwide consortium of some of the globe's best-known technological names are collaborating to introduce automated, blast-free, continuous gold mining at depths 5 km underground.
The Silver Suppression Explained - Office Series 5 : Silver has been demonetized just as gold has. Banks only have big stacks of IOUs of various types No one talks about how India and the middle east how they trade in silver and gold for thousands of years even to this day. These people cherish precious metals much more then own currency. Used in weddings,trade,and everyday life.Too, no one really knows how much gold these people have stored over thousands of years? For a rainy-day?
Silver wont take off for as long as fiat silver can run the game. It will take a run of fiat silver investors to request physical (rather than dollars) for silver to skyrocket. It will take a lot for those investors to lose faith in the dollar enough to take the silver. Most of those guys are heavily invested in stocks and bonds and still believe in the dollar so the silver boom may take some time.
NEW YORK (TheStreet) -- David Banister, chief investment strategist at ActiveTradingPartners.com, reveals why gold has bottomed and how he's buying.
....While our permanent wondered if you look the bottom actually we're looking for gold her -- Yahoo (YHOO) ! thirteen hundred and now we're on my numbers which we didn't the other -- about quality and remind you dollar I would regret -- investors. Would want to start looking at longer. There are certain goal we all know that you've been here over time and I look for certain. Decline I think again already -- thirteen and are you need very likely to bottom....
20 to 40% of your portfolio in Metals? Why so little? What else could possibly be in your portfolio that is worth anything really? The stocks in your portfolio better be mostly if not ALL commodities. And hang on to your hat! Got cash? Buy Metal. Buy Gold and Silver
With the good old days of single digit silver stacking over, those who had the foresight to accumulate while all the others were flipping real estate are in the driver's seat. The irony is that most complaints about silver was that it was "too bulky", which isn't the case when it simply isn't available at all. Precious metals will be the last mania before food itself.physical shortage is here. Major seller quoted me six months for monster box of 500 coins. The end is not near, it is here! NOT mint problem. Bars, ingots and bars all short supply. Don't take my word -- call on-line silver sellers and ask. Industrial silver users panicking. JPM, others selling paper silver faster than ever.JPM morgan rumor covering shorts was fake out and get heat off them. JPM now cornering copper market. Copper is substitute for SOME silver apps.
Jim Puplava and Kathryn Derbes came close to call Max Keiser a liar and say that JP Morgan Chase has no such silver short positions. buy silver crash jp morgan : Max Keiser recorded on January 29th 2011
The SLV has one maple 8 million people own it :o)The things that made me thinking is Ted Butler of Silverseek when he stated JP has NO silver bars in their stocks.
This is where a big problem lies in the world of gold and silver. We have "trusted" the big guys for too long and they have abused that trust at every turn.
We are living through the final days of Fiat Money and you need to position yourselves with the right assets at the right time to survive this transition.
So let's look at how the gold/tungsten problem is related to silver.
The gold conspiracy world is a buzz with recent articles from Rob Kirby about tungsten bars that were plated with gold. According to Kirby's sources 1.3M-1.5M these 400oz bars currently reside in Fort Knox as well as have been sold into the global gold markets over the past 15-20 years. The article can be found here: http://news.goldseek.com/GoldSeek/125...
Lump this together with GATA's work in exposing the secret manipulation of the price of gold and you add jet fuel to the gold conspiracy inferno.
The world is slowly waking up from the self induced coma that investors and governments have been living under when it comes to the realities behind gold and the implications of this awakening should not be underestimated.
Jan. 27 2011 | Richard O'Brien, CEO of Newmont Mining, one of the world's biggest gold producers, joined CNBC in Davos. "I foresee that we're maybe halfway in the gold cycle," he said. "I think we're going to see less supply," he added.