China has been heralded as the global economic savior who will push worldwide commodities markets higher and higher, but markets guru A. Gary Schilling recently warned that China is on the verge of a “hard landing” that could “prick the global commodity bubble,” sending oil and industrial metals markets like copper and yes, even silver, on a downward spiral.
The news story getting the most attention (and causing the most hand-wringing) this week is evidence China’s economy is cooling after the nation posted a growth rate of 11.9 percent in the first quarter of 2010.
By Melissa Pistilli-Exclusive to Silver Investing News Precious metals prices have performed miracle feats the last few weeks, rising higher and higher to set new records as the US dollar suffers further blows, inflation in North America shows real signs of rising, and economic data out of Asian markets points toward fresh industrial demand. Silver’s [...]
By Melissa Pistilli-Exclusive to Silver Investing News Despite gold‘s stellar performance, the silver price seems to be uncharacteristically lagging its yellow cousin in performance, bringing the gold/silver ratio to nearly 64:1 the last week in October. The drag on silver can be attributed in part to normal seasonality and downward pressure on industrial metals. Those [...]
By Melissa Pistilli-Exclusive to Silver Investing News We’ve seen silver spot prices flirting with $18 an ounce for a few weeks now and according to James Burbage III, President of Lloyds Asset Management, we could see silver hit $23 before the end of this year. “Silver has been the sleeping giant that’s being awakened by [...]
By Melissa Pistilli-Exclusive to Silver Investing News Precious metals prices profited further from a weakening US dollar and rebounding oil prices at the beginning of this week. Gold rose as high as $1044.80 an ounce Tuesday morning and silver performed well reaching as high as $17.43 an ounce. Silver Price: Based on Precious or Industrial [...]
By Melissa Pistilli-Exclusive to Silver Investing News Monday brought positive price actions in precious metals as gold and silver climbed to seven-week highs on a falling dollar and commodities rally fueled by economic optimism. Growing sentiment of economic recovery in the markets was boosted by promising global manufacturing reports, specifically out of China, the U.K., [...]
By Melissa Pistilli-Exclusive to Silver Investing News The price of silver hit a 10-week low Monday dropping as low as $12.43 an ounce on a stronger dollar, weaker copper and lingering economic concerns. Dollar strength has an adverse effect on inflation-hedging; fears in the industrial sector also dampen investor appetite for silver. “There had been [...]
By Melissa Pistilli-Exclusive to Silver Investing News According to many precious metals analysts, including Gold and Silver Investments’ Mark O’Byrne, tightness in the physical silver market “appears to be deepening.” O’Byrne points to the recent 10 per cent drop in merely a few days in the COMEX Dealers Silver Inventory. If such drawdowns continue, it [...]
By Melissa Pistilli-Exclusive to Silver Investing News The price of silver closed at $10.16 in New York on Wednesday, touching a high of $10.57 in early morning trade Thursday. A weaker dollar and gains in commodity prices helped to stir speculation that future inflation may be on the cards. The surge in price has recharged [...]
Thursday, July 14, 2011