Dollarvigilante.com reports that the only threat to gold & silver bullion ownership is outright government seizure.
Silver should do well throughout September, and most silver analysts are confident the metal will soon reach the $21 an ounce highs last seen in March 2008.
Fearing the rise of inflation due to the reluctance of central banks to change historically low interest rates, investors are looking to silver. This practical guide shows newbie investors how to enter the silver market in all forms, either in bullion, ETFs, futures contracts, or through direct investment in mining companies.
By Melissa Pistilli-Exclusive to Silver Investing News After reaching a nine-month high on Friday, the spot price for July silver on the COMEX closed down 8 cents to $14.61 an ounce Tuesday on a rebounding dollar, a slight Wall Street rally and profit-taking. But many industry analysts view this dip as merely a pullback before [...]
FXStreet.com reports silver prices dipped slightly today. * Silver fixes at 999.00 cents, below its previous fix of 1,092.00 cents. * Spot silver dips to $9.99/10.07 an ounce at 1127 GMT from $10.23 in late New York trade on Wednesday. * Forward rates on Reuters pages indicated at 2.47, 2.58, 2.69, 2.54 and [...]
MarketWatch reports silver tumbles while gold zig-zags as rescue efforts are made to ease off the tensed global financial markets. People currently seem to prefer to sit on cash,” said Jon Nadler, senior analyst at Kitco Bullion Dealers. “Another reason [gold isn't rising] is that investors are scrambling to meet margin calls,” thus they have [...]
Endeavour Silver Corp. reports its silver production jumped as forecast for the 3rd Quarter, 2008 was up 21% over Q2, 2008. In response to the recent sell-off of the spot silver price, Endeavour plans to slow its production growth in the Fourth Quarter, even though the 2008 capital programs of mine and plant upgrades have now been substantially completed at [...]
FXstreet.com reports gold and silver prices have rised with the current instability in the financial markets. Comex gold and have ticked higher on apparent flight-to-safety buying, says Bart Melek, global commodity strategist with BMO Capital Markets. The metals are up despite a stronger dollar, which normally pressures gold and silver, he notes. Gold fell on apparent profit-taking Tuesday [...]
Apoquindo Minerals reports its subsidiary Minera KoriTambo SAC, has initiated drilling at its Huarman gold-silver prospect in the Department of Ancash, Peru. The initial drilling has been concentrated within an east-dipping tabular polymictic volcanic breccia which crops out along a 500 meter strike length. This silicified and phyllically altered breccia exhibits high sulfidation characteristics. Previously reported rock sampling [...]
Mineweb(Editorial) reports a list of 43 miners, developers and explorers of silver have seen silver bullion falling down by 40% in price. Dollar silver bullion prices are now 40% from highs, seen in early March this year, compared to a 23% fall in gold bullion prices. The average listed silver stock – led by well known names [...]
Thursday, November 11, 2010