Tuesday, May 10, 2011

The Silver rises more than 8 percent this week

The Silver trade. It's driven by investment demand CNBC 5/10/2011

The Fast Money traders weigh in on whether you should buy silver now and which trades you should put down today.Silver looks like it has bottomed and it has started rising back up again after it fell last week on fund exits CME margin hikes in fact silver prices rises 8% this week .
B.K. " I'm still long silver, both options and the SLV. I do think you can probably get in, at least on a third position here.you can you use 33 on the SLV as your stop. that way you have a defined risk, or can you just go with some upside calls maybe the 40 calls on the SLV, something like that, but I still believe in the silver trade. one, it's driven by investment demand which certainly came off with the margin increases, but there's a new mutual fund that's coming out that's going to be holding physical silver and inflation is not done both China and Brazil are raising wages, and that will lead to more inflation. "








Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Bob Chapman : The HKMEx a way for investors to bypass the COMEX Monopoly

Bob Chapman - Silver Reality Check - 05-09-2011 :
Bob Chapman : well first of all they are small (The HKMEx) because they just starting out , but there are some big hitters in here big time traders and much of the buying silver commodities is coming out of Asia so they're quickly going to take 25 - 35 percent of the business away from COMEX , because the Asians are not going to trade on a rigged exchange if they can help it and so it gives them the avenue , and other people throughout the world will execute in that exchange as well and bypass the monopoly that is United States Government which controls CME and the Comex

American Buffalo Gold Bullion Coins

American Buffalo Gold Bullion Coins are the first .9999 fine 24-karat gold coins ever struck by the United States Mint at West Point.This 24-karat .9999 fine bullion coin was introduced in 2006 as the US Mint’s first pure gold coin for public sale as an investment product, and has been issued intermittently since .$50 coins that each contain one troy ounce of the purest gold available in any coin shop or online . Buffalo Gold Bullion – The First 24-Karat Solid Gold Bullion Coin From The United States Mint
According to the official U.S. Mint press release on June 20, 2006:

"This American Buffalo Gold Coin will appeal to both investors who choose to hold gold and to others who simply love gold," said Deputy Director David A. Lebryk during the ceremonial striking at the United States Mint at West Point, where the coins are being produced. "These classic and beautiful American Indian and buffalo designs by James Earle Fraser [a student of Augustus Saint-Gaudens], which have been American favorites since they were first used in 1913, recall a golden age of coin artistry."

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