While supporters of the new CFTC rule expect it to prevent large firms from taking too large positions in commodities and causing inflated prices, there are those who caution that it will only push commodities investors to markets outside of the United States.
Precious metals have enjoyed a spectacular rise today after the Federal Reserve signaled that interest rates will stay low for an extended period of time, no changes to policies or forecasts and telegraphed the end of its bond-buying program.
By Melissa Pistilli-Exclusive to Silver Investing News Silver climbed further Monday reaching as high as $12.27/oz. Analysts expect the precious metal to rally further as long as $11.26 support holds. The next level of resistance to watch is $12.80, which may clear the way for an advance towards $13.88. According to the Oil N’ Gold [...]
By Kishori Krishnan Exclusive to Silver Investing News Renewed investor interest in silver, which began in earnest in 2004 and continues today, has ensured that silver price, per ounce, in 2008, averaged a strong $14.98, a nearly 12 per cent increase over the 2007 average price of $13.38; the best average annual price since 1980. [...]
By Melissa Pistilli-Exclusive to Silver Investing News Those in the financial community have dubbed September 29, as ‘Black Monday’. It certainly was a dark day on Wall Street as the stock market tanked to unheard of lows in reaction to the House’s 228-205 rejection of Paulson’s US$700 billion bailout plan. The Dow Jones was the hardest [...]
Reuters reports silver fixes at 1077.00 cents on AIG rescue. Spot silver gains 32 cents from its nominal close in New York on Tuesday at $10.76/10.81 an ounce. * Forward rates on Reuters pages indicated at 2.82, 2.86, 2.76, 2.75 and 2.74 percent for one, two, three, six and 12 months respectively. For complete story, [...]
Bloomberg.com reports silver will rise in the 3 months. Silver will trade at $14.70 an ounce in a month and $16.40 in three months. For complete story, click this link. Follow developments in silver mining and exploration for free.Sign on to the Silver Investing Newsletter.
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