Gold, Silver set for further price appreciation : Patriot Radio News Hour .I enjoy listening to these guys as they speak truth with a side of humble pie.
Friday, February 25, 2011
The silver price could reach $40 but remains vulnerable says Paul Walker
Silver never been so high since 1980
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
Richard Russell: Gold is the Safest Currency
Richard Russell, the man behind Dow Theory Letters talks about the depreciation of the dollar and why he feels safe holding gold at the Casey Research Gold and Resource Summit , What that in the 70s-80s what was driving the gold market was the fear of inflation. Today its the fear of the collapse of the dollar.
Silver, Gold, Oil, & Revolution
Silver, Gold, Oil, & Revolution
The price of crude oil has reached 100 dollars, because of the revolution and turmoil underway in the middle east. This uncertainty usually boost the value of the dollar as a flight to safety. But this time the dollar has been excluded as a flight to safety. This is very bearish for the dollar. On the other hand silver and gold have performed as the premier currency, rising in value lock step with each other. Crude oild fundamentals are not as bullish as gold and silver. Millions of Americans are still out of work. So there is no need to drive to work, take a vacation, or even, cruse down the local strip just to get away. So as you can see oil consumption in the USA has gone way down. Also stock piles of crude oil are also above average, so there are no issues with supplies either. The main reason oil has regained most of its value since the crash of 2008 can be attributed to a falling dollar. Oil, gold, silver, and other commodities are all priced in dollars, and when the value of the dollar falls then it takes more dollars to buy the commodity. Higher commodity prices for all. the fundamentals for silver on the other hand are very strong. Silver and Gold are money, and also a hedge against inflation. So with high inflation, limited supply, dollar devaluation, and record high global demand for the precious metals, you can see a very bullish case for both gold and silver. The US government will need to fund 1.7 trillion of deficit in order to pay for their huge budget. Since china and japan already own a trillion apiece, and interest rates held at 0% buy the federal reserve. Their debt investment has nowhere to go but down. The federal reserve will have to make up the difference and buy the US debt through further quantitative easing, further devaluing the dollar and increasing the paper value of commodities, especially gold and silver.
The price of crude oil has reached 100 dollars, because of the revolution and turmoil underway in the middle east. This uncertainty usually boost the value of the dollar as a flight to safety. But this time the dollar has been excluded as a flight to safety. This is very bearish for the dollar. On the other hand silver and gold have performed as the premier currency, rising in value lock step with each other. Crude oild fundamentals are not as bullish as gold and silver. Millions of Americans are still out of work. So there is no need to drive to work, take a vacation, or even, cruse down the local strip just to get away. So as you can see oil consumption in the USA has gone way down. Also stock piles of crude oil are also above average, so there are no issues with supplies either. The main reason oil has regained most of its value since the crash of 2008 can be attributed to a falling dollar. Oil, gold, silver, and other commodities are all priced in dollars, and when the value of the dollar falls then it takes more dollars to buy the commodity. Higher commodity prices for all. the fundamentals for silver on the other hand are very strong. Silver and Gold are money, and also a hedge against inflation. So with high inflation, limited supply, dollar devaluation, and record high global demand for the precious metals, you can see a very bullish case for both gold and silver. The US government will need to fund 1.7 trillion of deficit in order to pay for their huge budget. Since china and japan already own a trillion apiece, and interest rates held at 0% buy the federal reserve. Their debt investment has nowhere to go but down. The federal reserve will have to make up the difference and buy the US debt through further quantitative easing, further devaluing the dollar and increasing the paper value of commodities, especially gold and silver.
Rising Commodity Prices Impact on consumption
Feb. 25 2011 | Why rising commodity prices haven't slowed down consumption just yet, with Francisco Blanch, Bank of America Merrill Lynch, and Tony Crescenzi, PIMCO Executive VP.
Boone Pickens : Oil Price Will Go Higher
Feb. 25 2011 | T. Boone Pickens, BP Capital Management chairman & founder, advocates an energy plan for America as oil prices are likely to rise on continued Middle East unrest.Boone Pickens : Oil Price Will Go Higher
Gold and Silver Market Update with Jim Comiskey
Jim Comiskey's Gold and Silver Market Update : Lind-Waldock Strategist Jim Comiskey discusses the metals futures markets.
Comex silver posted 84 percent gain in 2010
Silver Lining for Silver Prices
Feb. 25 2011 | Comex silver posted 84 percent gain in 2010, with Robert Archer, Great Panther Silver CEO
Feb. 25 2011 | Comex silver posted 84 percent gain in 2010, with Robert Archer, Great Panther Silver CEO
How To Trade Gold at High Prices
NEW YORK (TheStreet) -- How To Trade Gold at High Prices - Scott Redler, chief strategic officer for T3Live.com, reveals how he's trading gold as prices hit 2011 highs.
Gold and silver prices trying to hold onto their rally -- of gold in Mexico in the spot break up -- over dollar. Joining me where the trade got rather keep strategic -- their TP live dot com. I got have stalled out here for a goal of reaching a hyper 2011 around 1417. In varying margins but it -- how much.
Gold and silver prices trying to hold onto their rally -- of gold in Mexico in the spot break up -- over dollar. Joining me where the trade got rather keep strategic -- their TP live dot com. I got have stalled out here for a goal of reaching a hyper 2011 around 1417. In varying margins but it -- how much.
Use Silver Potential Weakness for Maximum Profit
Silver is hitting a new 30-year high. But Sean Brodrick sees something that could know silver prices lower in teh short-term, and that would give you a great profit opportunity.
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