Silver shortage lingers on. The comex silver stocks are at a four year low. Physical silver bullion demand is up and rising. The industrial demand for silver is increasing as well. They are demanding higher grade silver stocks for production which is putting a squeeze on the entire market. The silver price will have to go up to get the physical investor to sell some of their holdings back into the market.
Silver mines are not keeping up with the demand and are having to borrow silver for their own hedge programs. James Turk thinks that this could be the beginning of the collapse of the dollar. Economic collapse will follow.
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Monday, February 14, 2011
Gold prices could rise to $1,600 by the end of the year
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.
Euro in Downtrend
Feb. 14 2011 | Mario Singh, director, training & education at FXPRIMUS.com, says euro-dollar will trend downwards towards $1.32 over the next couple of months. He explains why to CNBC's Chloe Cho and Anna Edwards.
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