The volatility in silver market was created by the combination of the bubble forming and the CME decision to increase the margins ,we got a rush to the doors situation , Silver futures headed for the steepest weekly decline since at least 1975 as the CME increase in margin requirements and slump in commodities from copper to oil prompted investors to sell precious metals
The Banco de Mexico, confirmed yesterday Gold record purchase of 100 tonnes paid 4.4 bln dollars said in a statement it had bought in recent months , This represents about 4% of the world gold reserves , it is stated in the note pointing out that the deal''is part of the institution in the usual political issue with respect to investments and the diversification of assets.''According to the IMF, Mexico has purchased the gold by spending at least $ 4.3 billion.
Silvermargin requirements raised, causing paper silver to be sold but physical silver is being sold for higher prices, silver will hit a bottom and then skyrocket back up higher than ever in history
Bob Chapman : gold and silver looking for a bottom now ,this is a definate attempt to rig the market ... you will see silver run back up next Monday ,...we are living in a corporate fascist society run by a bunch of Nazis , our government and Wall street are full of Nazis says Bob Chapman of the international forecaster they want virtually untouched profits free gain with no regulations no anti trust laws they want to do anything they want to do and as a result of that they create monopolies
The price of silver has seen a dazzling surge of nearly 77% in the past 13 weeks but its fortune seems to have revered over the past few days. Analysts believe It's the demand for silver coins and bars, exchange-traded funds as well as futures and options contracts that has fueled the metal's price rise. After 4 margin hikes in less than 2 weeks Silver hasn't lost its long term luster.
Keep stacking physical .I think the fundamentals are there but am unsure how low it will go before it goes back up........it's down to $35.91 now and falling very fast as I write this. It's a massive correction but whatever anyone thinks, the price of the metal is stil ridiculously low.Silver pullback is a buying opportunity
Noel Archard, iShares managing director on the SLV Silver ETF, explains whether investors should be worried on silver's selloff today.There will be 2 prices for silver.. The Physical price and the Paper price..choose wisely!
John Stephenson, First Asset Mgmt., says there could be more downside to go before the slide in silver ends but he is still bullish on silver matter of fact he sees Silver at $60 before the end of the year .Despite Silver sees its biggest drop in two years the fundamentals for an upside move on the long term are still there namely an excess of liquidity chasing the few commodities that are on the market
SILVER MANIA? The average person in America is still nowhere near the silver marketso how could we speak of a bubble or a mania in silver ? This is a gigantic physical buying opportunity , main stream media is telling you that it is now the time to get out , be careful they want to dissuade new investors from entering the market and they want to separate old investors from their positions ...we are no where near a SILVER MANIA or a bubble in the silver market , the rally will just start after the $50 mark....
Silver backing off a bit. is that going to keep going on? i suspect so. the silver i think was the most overextended of all the precious metals. we're likely to see it weaken relative to gold and i think that's what's important is the gold/silver ratio is likely to go back up again. everybody taking grandma's old tea set and selling it at the pawnshop. how long can that go on? that's a good point. what helped to kill the rally way back in '79 and '80 was an enormous amount of scrap coming into the market. we haven't detected anything like those levels back then. i do think you're going to see a change in the attitude of industry and consumers about handing in old silver items with the prices almost getting to $50 at one point
Jim Steel, chief commodities analyst, HSBC; Peter Beutel, president and author, Cameron Hanover; and Michael Woolfolk, BNY Mellon offer a roundup of commodities and what's likely to happen over the next few months.
Silver Prices Tumble 12% After CME Hikes Margin , CME Group Inc.’s Comex unit raised margin requirements on silver trading for the second time in less than a week. after a 170 per cent rally over the last 12 months to a record high last week ,Silver bounced off early lows after falling as much as 12 per cent on the Asian markets, as speculators scaled back their bullish bets on increased futures margins and a technical overhang.The sharpest slide occurred several hours before the U.S. announced the killing of Osama Bin Laden,but according to insiders this is a healthy pull-back the fundamentals both for silver and Gold are still solid and we have to expect new surges in the coming days weeks and months for the silver and gold prices , both will break their all time high records , so this is a golden opportunity for investors who believe in the physical metal to buy more physical silver and gold
As reported by the Canadian news paper the Globe and Mail this morning of May 2, 2011 Eric Sprott sold his Silver Trust units : Eric Sprott and Sprott hedge funds have sold trust units in Sprott's Physical Silver Trust. The trades were made in the last two weeks of April when the price of silver peaked. read article >>>>
James Turk : we almost touched $50 /oz silver in Asia , then we backed off a little bit , the markets today are closed in Europe for the 4 days Easter holiday so it will be interesting to see what happens when they come back tomorrow , given the amount of the buying power that we are seeing in the market you have to assume that we will be seeing higher prices in the weeks ahead , once we are over $50/oz there is no resistance as the way I see it says James Turk , go back and look at the DOW when we went over a thousand back in 1982 it just kept going and going and going , the same thing could be happening here with silver for the next couple of years , because the supply /demand picture is very good and everybody knows the problems with the US dollar ...silver is still a cheap form of gold on historical averages and that's attracting a lot of people into the market ...
Gold and Silver Will Stay Positive the fundamentals are good we will see new all time highs in both gold and silver says Analyst Torsten Dennin whether the FED decides to raise interest rates or not ..."We are still positive, looking at year-to-date performance on the precious metals side," Torsten Dennin, commodity fund manager at Altira Group He added that the outlook for precious metals will stay positive even if Bernanke decids to raise interest rates .
A record high for gold and the decline of the dollar : Gold prices increased 2.4% in first quarter : The sharp decline of the dollar boosted gold's gains
Gold prices continued to break record highs on Thursday, benefiting from the steady decline of the U.S. dollar at its lowest level since July / July 2008, after it became clear that the United States will keep its monetary policy as is.
Gold in the spot market Has reached the highest level ever at U.S. $ 1532.91 per ounce (ounce equals 28.25 grams), which is a ninth record high in nine sessions, before easing slightly to the price of $ 1530.80 an ounce.
These developments have prompted many central banks in Asia to stop buying the U.S. currency down to adjust the rise in the value of domestic currencies, the euro has reached its highest against the dollar since recorded 16 months to up to $ 1.48.
An increased investor confidence in the precious metal in the light of the continued political unrest in the Middle East and North Africa, and rising global inflation due to the increase in the prices of food and fuel, two factors prompted investors to employ their money more and more in gold . The price of gold increased by 360% in the last ten years
Gold : new record at $ 1,522.80 on this 27th of April - Gold sets a new record at $ 1,522.80 an ounce on the New York market, where prices have marked a rise of 1, 3%. the gold price surge come after the FED's chairman Ben Bernanke press conference
Is there anything that can stop silver's ballistic rise? The precious metal flirted near the $50 mark yesterday. Peter Schiff, of Euro Pacific Capital gives his insight .
Peter Schiff : if you look at the amount of silver in the earth versus gold and I think the ratio there is about 17 to one , I think silver is going to continue to gain on gold as this bull market continues to unfold , I think we have many many years left to go , I ultimately think that you will see a gold / silver ratio below 20 ,right now is more like about 35 , but when this bull market started I think the ratio was about 60 , now I have been buying silver for about ten years when I started buying it it was 5 dollars an ounce at the time gold was about 250 , 260 dollars an ounce both the precious metals have gone up , but silver has gone up more and if i am right and this bull market continues I expect silver to keep outperforming at my metals company I have been recommending people would have two third gold one third silver for long time obviously people that did that right now they might have fifty fifty because silver has gained on gold even though both metals have risen , and the reason that's happening is because Ben Bernanke is debasing the value of the dollar , r i fact central banks all around the world are too loose they are creating too much money and so people all around the world are buying gold and silver as a store of value and I think that that will continue ....
Gold price surges to a yet another all time record high today well over $1500 an ounce this is a fresh new high for the gold at around $1518 an ounce, while silver continues to be the stoner surging more than 5 per cent to within a whisker of its all-time peak of 50 dollars an ounce ,Silver hits 49.82 oz only 50 cents from the all time record of 50.35 dollars an ounce marked January 18, 1980. At the New York market and the futures contract jumped to $ 49.82, just 50 cents from record high. Since the beginning of this year the Silver sees an increase of 60%. as the dollar continued its free fall and inflation continues to worry , experts say it is going to continue to be a bullish scenario for the precious metals as long as we continue to see this kind of fiscal policy in the United States low interest rates high debt and the FED flooding the markets with newly printed US dollars...the markets are Still very very Bullish for Precious Metals , trade your paper money for hard assets while you still can....
This system is taking us to national bankruptcy with the FED printing paper money backed by nothing as if there is no tomorrow , some states like UTAH have decided to go back to the constitutional money which is Gold and Silver backed currency also known as The Gold Standard
billionaire investor Jim Rogers says hold your goldbut buy silver now
gold will be a bubble someday, but you are way off saying if you didnt buy 5 years ago you are done. speculative money hasnt even begun to enter the gold market and the statistics prove that. gold still has a way to go, not to mention if the government keeps debasing our currency.Commodities guru Jim Rogers explains why a triple digit silver price this year worries him and why Gold and Silver will end up in a bubble sometime in 2017 ,or some years ahead : ....No, not yet. But I’m worried about silver. If silver continues to go up like it has been over the past 2 or 3 weeks, yes, then it would get to triple digits this year. And then we’ll have to worry. It’s not parabolic yet. I hope something stops it going up in the foreseeable future and we have a correction. There’s never one in history that hasn’t popped. Now, maybe the US dollar is going to become confetti in 2011, and if that’s the case and silver goes to $150, then obviously I wouldn’t sell my silver. It would be the US dollar which is collapsing. But if silver goes up the way you’re talking about without currency collapse, I would be very worried."
" That’s certainly part of it, yes. And you have to watch the price action. I remember when gold went parabolic in 1980. I shorted gold when it went parabolic in 1980, and it went higher for another two weeks after I shorted it. But it eventually collapsed. Silver eventually collapsed. All parabolic moves throughout history, there’s never been a parabolic move which hasn’t collapsed in any asset. Silver and gold, yes, will be a bubble someday, Jay. There’s no question in my mind that all commodities will be a huge bubble someday. But I don’t think that bubble is going to happen in 2011. I think it’s going to be more likely 2017, or 2018…you know, a few years from now. I’m not picking a year, just saying it’s a few years away. It could happen sooner, but I hope not."
Bob Chapman there are two reasons why gold and silver go up , one of them is that gold and silver for 6000 years have been the only permanent methods of having a currency , it always has been and always will be , the banks are trying to go around it they are unsuccessful that's why we have panics and so on and so forth
Silver guru David Morgan gives his intake about the recent surge in Silver and Gold prices and his outlook for the upcoming months regarding gold and silver markets ...he reminds us that Silver is the only precious metal that has not made a nominal new high Yet , which means that there is a lot of room for the silver to shoot up higher and higher...silver is just catching up the other precious metals David Morgan says
Bob Chapman the international forecaster talking with Discount Gold and Silver trading radio yesterday says : I do not see gold stopping until we get to $1650 , $1600 and get ready for $2000 , and silver they can't cover and it's going to go up like this everyday until HSBC and JPM decide that they gonna do something and I can tell you something and that is that the federal reserve and the treasury and JPM and HSBC have sat down to figure out what the heck they are gonna do , is it partial default is it full default or is the federal reserve gonna come in and buy out the positions and nobody is going to get any silver you know they will be lucky if they get cash ...and it is not going to be $100 an ounce and this not taking into the account that silver is in short supply versus usage as a commercial metal and so this problem is not going to go away , if they set on the shorts like now they will take silver to $80 dollars easy ...cause nobody is going to give them silver everybody knows the spot they're in and they can't get out , right now we got $46/oz , they are 90 billion offsite at $60/oz it's 150 billion it's gonna be 300 billion at $100/ox so they have to step in somewhere , they got to do something and it's going to ruin the futures options and the derivatives and of course the ETF SLV and GLD , there gonna be thunder lightening going on and they know that they know the ramifications , you know the ETFs are government operations it's to siphon off interest in taking delivery of physical or buying shares a market that they control by lying about what the physical position of gold and silver are in SLV and GLD again you're dealing with criminals they might have $6000 suits on but they are criminals
Max Keiser gold and silver are a currency they are no a commodity and it is restoring itself as a store of value which it has been for the past 5000 years , since the paper money experimentation in the last 40 years is over (since 1971) ,the US dollar is going to be waked driving gold and silver prices to the moon
With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business.JFK ordered the Treasury to print US currency instead of the Rothschild Federal Reserve Notes supported by the Rothschild illegal income tax. The US bonds, held by the Fed for our Fed currency, pay many billions in interest annually to the Bankers. With a "stroke of the pen" JFK would cost them trillions as well as their domination of global money and finances through debt and speculation.
Gold prices rallied toward record highs near $1,500 an ounce today amidst inflation concerns in China debt crisis in Europe and the Standard & Poor's downgrading its credit outlook for the United States Gold hits an all-time high of $1498.9 At the New York market.While In London, prices are stable at $1493.9 it's a combination of factors that is propelling the Gold , the dollar decline, rising crude oil prices unrest in the middle east and worries about sovereign debt problems in Europe.
Gold and Silver. once again the hottest investment picks today and for the week, the Gold surging toward $1,500 an ounce. the new nominal record high, silver hit a 30-year high, just over $43 an ounce. did someone say Bernanke liquidity bubble? well, i just did once again says Larry Kudlow. and as for stocks, the Dow gained 57 points today on positive consumer sentiment, strong industrial production, and a good new york fed manufacturing index. but consumer prices jumped again and they are now rising 6% at an annual rate over just the past three months. stocks did fall for the week, however, lingering earnings disappointments in the light that alcoa, google, and bank of America. so let's talk about this fed liquidity bubble and the outlook for earnings next week so you investors can figure out how to make an inflation proof buck or two.
It's important to remember that gold & silverdo not increase in value, they are real money. When the price goes up it only reflects the paper becoming less valuable. Every nation is printing like mad to pay their debts down. We're the king debtor of the globe with over 200 trillion in obligations over the next 5 years. That many paper dollars don't even EXIST yet the world is lead to believe we can pay it back. Buy metals while our green paper still can! $43 silver is still cheap. GATA's Adrian Douglas makes the case for bullion bank metals price supression, and for the TRUE value of one ounce of gold.Get in position now and realize the coming upswing in the price of silver ! Mike Maloney said that in past history an average house would cost 1K oz of Silver to buy. But during the currency panic the house could probably be bought for 500oz of Silver. For 1K oz you can get you McMansion or large Farm. ;-)
Max Keiser is a film-maker, broadcaster and former broker and options trader. Keiser is the host of On the Edge, a program of news and analysis hosted by Iran's Press TV. He also hosts Keiser Report, a financial tabloid, that broadcasts on RT (formerly Russia Today). Keiser hosted the New Year's Eve special, The Keiser's Business Guide to 2010 for BBC Radio 5 Live.
Do not give your money to brokers financial expert money managers and those kind of charlatans who will use your money to gamble and they will still charge you fees whether you make money or you lose money .80% of money managers are charlatans and have no idea of what they are doing when they are investing other people's money and why would they they are guaranteed to be paid whether you make money or you lose money , there is no incentive for them to protect your asset from losing ...why not manage your money yourself by buying real hard assets like Gold and Silver : Silver in backwardation just broke the $43/oz barrier last Friday and expert expect silver to reach $50 by next month , Gold is slowly but certainly rising to $1,500/oz . U.S. dollar is doomed and going down the sewage ...so Jump on the Gold and Silver bandwagon before it is late .
Silver Price Over $42, Debt Crisis Worsens, Bolivia miners on strike : experts already see a target of $1500 for gold in the medium term and $50 an ounce for silver , there are strikes going on for like 3 weeks in Bolivia silver mines one of the world's biggest producers , the government of Bolivia is possibly nationalizing those mines , this is all bullish news for the physical silver market and this is what possibly is propelling the price higher recently...
Alex Latzer, head of metals & mining research at Daiwa Securities, believes goldwill peak sometime in the middle of 2011 as we normalize interest rates higher , the factors for the gold prices surge are the rising Inflation in the emerging markets ,the anxiety factor in the market , the large debt out there , In the last year spot gold was up 27.52% and spot silver was up 130.45%
Bob Chapman : in the last few days we have seen the US government in the market and they have done everything possible to knock prices down which is not unusual within a corporate fascist governmental culture and that's what we have in America , says bob Chapman the International forecaster and people who do not believe that they are missing the whole point it won't last but for few days may be weeks and the next step it is going to go higher if for no other reason this giant naked short position being held by JP Morgan Chase and HSBC ....
Anthony Neglia of Tower Trading says that he is still bullish on silver he will get it bearish though if the silver goes below the mark of $38 : I don't think it's necessarily overbought. We did have some short covering. Coupled with some new buying got us to that the short covering rally got is that overnight high on Sunday night. Of $ 4190. We have backed off considerably since then. But the market is still in a bull trend I get a little get a little bearish below 38 dollars if you remember thirty dollars was that point where it had a little difficulty getting through but once it got through. Made a very nice move well you know above forty dollars and beyond. That you saw that overnight high from Sunday night. ". "I would be backing off the longs I don't know if I would get necessarily short here I know a lot of people are a lot of people are betting on this thing 200 day moving average is about 25 dollars which is fifteen dollars away. But I don't necessarily see. But I can't see a change at 38 dollar level and then I would have to reassess. You know from that level. Below it I'd be a little bearish. and you know if it remains above 38 dollars you know I'd like to pick a spot there and buy it
Gold is soaring Silver just flew past $40 oz, as the U.S. dollar weakens and breaks down. and Oil Prices skyrocket.All the dollars all over the planet are all coming home, that and the Fractional Reserve Banking multiplier, once the banks begin lending, is going to devalue the dollar at least 10 times.$4 a gallon Gas? Try $40 a gallon, because the Dollar doesn't buy a nickle anymore. Silver and Gold are being manipulated to the extreme now as the end of the currency cycle has arrived. The shift has begun, and it will come with some pain. 3 wars, open borders, rising oil, inflation and food costs.
Silveris the most historically volatile metal it has been benefiting from the surge in industrial demand due to the small recovery in the economy , but also as a precious metal it has been benefiting from the weakness of the dollar and the fear of inflation amongst investors and the lack of confidence in Fiat currencies , "The precious metals have been benefiting greatly from the weakness of the dollar and the whole diversification away from currencies," says Stewart Richardson, CIO at RMG Wealth Management However, he believes that silver is overvalued relative to gold.
James Turk opines on the current gold market.gold and silver is super undervalued. We went off the gold standard in 1971 to go to the oil standard.Kissinger made a deal with the Middle East, we would buy their oil if they would buy our treasuries. There was one main caveat...world oil must be purchased in DOLLARS only. That's why America did it....to save the DOLLAR by attaching it to OIL.Go on Ben Bernanke .print, print, print! There is NO WAY mathematically the US can repay its debt. The hard maths dictate that aside from outright default, the US has no alternative but to continue the Ponzi scheme. 'Crouch and cover'. we are being taxed up to our eyeballs:Accounts Receivable Tax Building Permit Tax Capital Gains Tax CDL License Tax Cigarette Tax Corporate Income Tax Court Fines (indirect taxes) Dog License Tax Federal Income Tax Federal Unemployment Tax (FUTA) Fishing License Tax Food License Tax Fuel Permit Tax Gasoline Tax (42 cents per gallon) Hunting License Tax Inheritance Tax Interest Expense (tax on the money) Inventory Tax I School Tax Septic Permit Tax Service Charge Taxes Social Security Tax
Marc Faber : " ...In Gold and Silver Terms the dow jones over the last ten years has already lost over more than 80% of its value. and yesterday, my friend frank holmes was on cnbc, and i don't know remember if it was you or somebody else, but the two interviews were kind of ridiculing him, telling him that gold was a bubble and so forth. i just came now from a conference. there were over 200 people here in Singapore. i asked the audiences, fund managers, you would imagine that they are intelligent. i asked them who of you has personally more than 5% of their assets in gold. not one person lifted their hand. not one. if it were a bubble, a lot of people would have gold. the whole world would be trading gold 24 hours a day. but i don't think it's really a bubble. i think maybe gold is cheaper today than it was in 1999 when it was at $252. "
Why would you buy silver at this level? Silver is still a smoking deal even at 440 as says Robert Kiyodaki , Silver is real money , how long will people be conned in believing that paper money is something that has any value in it . Silver a form of exchange, we're seeing money managers looking at silver really as a form of money. it's more attractive at $40 an ounce than gold. if we move to something on the lines of a barter economy, using silver coins and using silver at the $40 an houns mark is a lot cheaper than buying gold.more hoarding in the silver story is driven primarily by the overall safe haven attributes of precious metals , we have seen more hoarding in silver recently than gold in fact the money that's accumulating is outstripping the annual production and more people are competing to acquire the bullion and kind of ignoring the fact that 40% of the production goes to industrial uses , since the '80s we've seen an average gold to silver ratio of about 63 times. that's fallen below 40 recently.
Frank Holmes, CEO & CIO of U.S. Global Investors says Gold is currently under owned and has the potential to soar even higher due to faster growth in money supply Gold could double in price in the next 5 years " just look at the gold as a component of the financial assets around the world since year 2000 it actually shrunk , and you are seeing much faster growth in money supply and other financial asset cl;asses than you are seeing gold coming in the market place , you see more money flow into other financial assets than you actually seeing in Gold " Frank Holmes explains Gold is under owned and under loved , Gold is a love trade Warren Buffett does not anyone he loves to give Gold to ...LOL....