The price of silver has fallen off dramatically in the past two days mainly on positive economic data in the US and the strengthening dollar. However, the world economy is far from healthy and the strength of precious metals is not likely to fully subside.
By Melissa Pistilli-Exclusive to Silver Investing News Mineral exploration expenditures in British Columbia fell victim to the global credit crisis in 2009, dropping 58 per cent from the previous year to $154 million; however, it was still the sixth-best year for exploration and development investment since 1989. And 2010 is expected to be another strong [...]
By Melissa Pistilli-Exclusive to Silver Investing News Gold is riding high on dollar weakness, increased risk appetite and inflation fears bringing its price per ounce above $1,100. Silver has come along for the ride, but hasn’t managed to hold a break over the $18 level. Concerns over sluggish industrial demand for base metals in general [...]
By Melissa Pistilli-Exclusive to Silver Investing News The price of silver rose as high as $10.70/oz in New York on Monday, following gold’s lead. Silver may be able to reach $12.20/oz in the short term if it can break $11.00/oz. The precious metals have been benefitting from a weaker dollar and gains in equities and [...]
By Melissa Pistilli-Exclusive to Silver Investing News Increasing trepidation in the markets brought on by the reality of recession has sent precious metals and commodities prices tumbling this week. The current drops have “nothing specific” to do with gold and silver, said Dave Rinehimer, one of the directors with Citigroup Global Markets. “It’s just renewed weakness [...]
By Melissa Pistilli – Exclusive to Silver Investing News Several forces are colluding right now to depress the silver price. Major reasons cited for the downturn are the dollar’s rise, the crude oil price tumble, and rebounds in the US equities market, which have made precious metals less attractive as a hedge against inflation. On Friday, the dollar experienced its [...]
Fed’s Decision and Inflation Creates “The Perfect Storm” for Silver By Melissa Pistilli, exclusive to SilverInvestingNews.com You don’t need a PhD in Economics to know how closely commodity prices and the health of the U.S. economy are linked. And it should come as no surprise that many in the commodities sector were holding their collective [...]
If you are like many people, the last time you read about commodities in the news was when Bre-X Minerals collapsed in 1997, after news broke that the company had falsified results and the gold they had reported was nowhere to be found. Thousands of investors all over the world lost billions of dollars and [...]
Wednesday, January 5, 2011