Weakening rupee that is making imports ever more expensive and the inability of importers to liquidate stocks brought in earlier could keep Indian gold and silver importers out of the market longer than expected, analysts said Tuesday. For full story, click here
Gold had risen substantially in the international market, above $900 an ounce levels, while silver was much lower. For full stry, click here
Spot silver was quoted lower at USD 10.58/10.66 an ounce, down from USD 10.62 an ounce. For full story, click here
Silver dropped to USD 9.98/10.06 an ounce from USD 10.18 an ounce. For full story, click here
Emerging metal miners appear to be an increased investment opportunity for long-term value investors in emerging producers selling near cost of investment or book value. For full story, click here
Even there are shortages, the prices of the precious metal are still low and provide a good reason for investments. Monex Deposit Company Vice President Michael Maroney, said: One-ounce and smaller gold and silver coins,. ten-ounce and hundred-ounce silver bars, ten-ounce ingots and 32.15 ounce “kilobars” of gold have virtually disappeared from the marketplace,. They’re in private hands [...]
Silver futures ended lower but pared their losses on short covering, Comex December silver fell US10c to settle at $US9.195 an ounce. Sterling Smith, vice president with FuturesOne, said: A firmer US stock market helped silver, but buyers remain largely absent, he said. There’s just a complete buyers strike. For full story, click here
Wednesday, March 4, 2009