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Wednesday, February 16, 2011
Ted Butler on Silver Shortages
Silver was around $ 4.02 an Oz in 2000, now it's nearly $28, now that's investment! I'm buying for the longterm, my silver is for keeps unless there's a massive price explosion. Gold for February delivery was tanking $16.20 to $1,328.20 an ounce at the Comex division of the New York Mercantile Exchange. The gold price Tuesday has traded has high as $1,338 and as low as $1,321.90. The spot gold price was holding up better supported by physical buying down only $5.30, according to Kitco's gold index
Ted Butler : ...No one knows for sure. It comes down to how much additional long liquidation the big shorts can engineer. We are still above all the critical moving averages, so there does exist the possibility we could go lower to get the technical funds completely flushed out. For sure, if we do go lower, it will be because JPMorgan and the other COMEX crooks are successful in tricking the technical funds into forced selling and not for any other reason. But there has been significant liquidation already, so it is just as possible it could be done or nearly so. Certainly there is nothing in the real world of silver that would account for further selling.
Ted Butler : ...No one knows for sure. It comes down to how much additional long liquidation the big shorts can engineer. We are still above all the critical moving averages, so there does exist the possibility we could go lower to get the technical funds completely flushed out. For sure, if we do go lower, it will be because JPMorgan and the other COMEX crooks are successful in tricking the technical funds into forced selling and not for any other reason. But there has been significant liquidation already, so it is just as possible it could be done or nearly so. Certainly there is nothing in the real world of silver that would account for further selling.
Middle East impact on the Oil Market
Feb. 15 2011 |More protests break out in the Middle East, this time in the oil producing countries like Bahrain and Iran. NBC's Richard Engel reports that tensions are continuing to rise with no end in sight.
Commodities Tomorrow
Feb. 16 2011 | CNBC's Sharon Epperson discusses the day's activity in the commodities markets, and looks ahead to where oil, gold, silver and other commodities are likely headed tomorrow.
Silver and Gold not the right price to buy : Scott Redler
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.
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.
Gold Still an Inflation Hedge?
Is Gold Still an Inflation Hedge?
NEW YORK (TheStreet) -- Will Rhind, head of U.S. Operations for ETF Securities, breaks down whether gold and silver are still good shields against rising inflation.
Gold prices stalling out somewhat on Wednesday because gold index spot rate at just over three dollars -- inflation reading in the US. I think it will -- a unit operations pre yet securities. Now well as keeping -- which is before the bell gold rise to new people right now but why isn't acting more than inflation at this morning.
NEW YORK (TheStreet) -- Will Rhind, head of U.S. Operations for ETF Securities, breaks down whether gold and silver are still good shields against rising inflation.
Gold prices stalling out somewhat on Wednesday because gold index spot rate at just over three dollars -- inflation reading in the US. I think it will -- a unit operations pre yet securities. Now well as keeping -- which is before the bell gold rise to new people right now but why isn't acting more than inflation at this morning.
Silver and Gold Demand Explodes in China.
that is exactly why gold/silver could never be in a bubble. All the Asians would simply buy it up if it ever crashed in price. The dynamics have changed since the 79/80. This time it aint coming back down. We've already seen that physical has more or less diverged from paper in price terms.
Silver and Gold physical bullion products are in high demand. China sold 7 tons of Gold bullion in January, compared to selling 15 tons gold all of last year.
They sold 13 tons of physical silver in January compared to selling 33 tons of silver all of last year. Inflation has the chinese people spooked. The Chinese government is actively encouraging their people to buy physical gold and silver instead of putting their money into real estate.
When the dollar collapses or an economic collapse spreads throught the west, we are going to find that China has all the metal and real wealth and we have a stack of worthless paper.
The chinese are buying physical silver and gold. Are you?
http://www.reuters.com/article/2011/0...
Silver and Gold physical bullion products are in high demand. China sold 7 tons of Gold bullion in January, compared to selling 15 tons gold all of last year.
They sold 13 tons of physical silver in January compared to selling 33 tons of silver all of last year. Inflation has the chinese people spooked. The Chinese government is actively encouraging their people to buy physical gold and silver instead of putting their money into real estate.
When the dollar collapses or an economic collapse spreads throught the west, we are going to find that China has all the metal and real wealth and we have a stack of worthless paper.
The chinese are buying physical silver and gold. Are you?
http://www.reuters.com/article/2011/0...
Barrick Gold Declares Quarterly Dividend
The Board of Directors of Barrick Gold (ABX) today announced that it has approved a quarterly dividend of $0.12 per share, payable on March 15, 2011 to shareholders of record at the close of business on Feb. 28, 2011.
Shares are up 0.47% or $0.23 to $49.42.
Shares are up 0.47% or $0.23 to $49.42.
Wildcat Silver Corporation
Wildcat Silver Corporation
Wildcat Silver is developing the Hardshell silver-manganese deposit in Santa Cruz County, Arizona. Wildcat owns 80% of the Hardshell deposit and is headquartered
in Vancouver, BC. The Company trades on the TSX Venture Exchange under the symbol WS.
Board of Directors
Richard W. Warke (Chairman)
R. Stuart Angus
John R. Brodie
Donald Clark
Robert Wares
http://www.wildcatsilver.com/
Wildcat Silver is developing the Hardshell silver-manganese deposit in Santa Cruz County, Arizona. Wildcat owns 80% of the Hardshell deposit and is headquartered
in Vancouver, BC. The Company trades on the TSX Venture Exchange under the symbol WS.
Board of Directors
Richard W. Warke (Chairman)
R. Stuart Angus
John R. Brodie
Donald Clark
Robert Wares
http://www.wildcatsilver.com/
Gold, Copper Due for Pullback
Feb. 14 2011 | Copper and gold prices have seen a run-up and John Licata, Chief Commodity Strategist at Blue Phoenix says they are now due for a correction. He tells CNBC's Karen Tso and Martin Soong what looks attractive to him now in the commodities space.
Donald Trump on NYSE Merger
Feb. 15 2011 | Real estate mogul Donald Trump offers up his thoughts on the NYSE/Deutsche Boerse merge
Deutsche Börse-NYSE Euronext Deal
Feb. 15 2011 | A Deutsche Börse-NYSE Euronext deal announcement is expected later today, with CNBC's Patricia Szarvas in Frankfurt, Germany.
Soft Commodities and Metals outlook
Feb. 16 2011 | Sandy Jadeja, chief market strategist at City Index said he saw room for upside in the long term for the CRB index. Sugar is up 147 percent up in the past 9 months, he said.
Silver Market Manipulation Debate : David Morgan & Jeff Christian
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...
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...
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