Xtierra Inc. (CVE:XAG) reports that it has filed its second quarter and half year results for the six months ended June 30, 2010. All dollar amounts are expressed in U.S. dollars until otherwise noted. For complete news release, click here. For Xtierra’s company profile, click here.
Long-time silver investors are well aware that this isn’t the best time of year for precious metals as gold and silver prices trade sideways to lower, hitting bottoms by mid-August. Despite the depressing name, the summer doldrums do offer a ray of sunshine.
For centuries, humans have used silver as an antibacterial agent for medicinal and food storage purposes. Now those historical uses can be expanded upon as scientists discover the numerous benefits of ionized silver nanoparticles.
Tarsis Resources is a junior exploration company based in Vancouver, Canada with a focus on base and precious metal deposits. The Company holds thirteen properties, twelve in the Yukon, Canada, and one in Guerrero State, Mexico. They are currently seeking joint venture opportunities to advance their projects.
While the price of silver followed gold up and up this month, teasing analysts and investors with hopes of breaking past $20 an ounce, the sometimes precious sometimes industrial metal fell hard the past two days.
The news wires are all a buzz with the most recent scoop of Wall Street: JPMorgan’s investigation by the Department of Justice and the Commodity Futures Trading Commission over allegations of manipulating the silver market on the London Bullion Exchange and NYMEX.
Silver has taken off since last Thursday as growing concerns over Euro Zone debt pushed risk adverse investors away from paper currencies and into the precious metals.
When ETFs were first introduced to the marketplace a decade ago, they opened up a whole new world of investment opportunities. Now New York-based Global X Funds has extended those opportunities even further. Tuesday, Global X launched the world’s first silver miner exchange-traded fund, Global X Silver Miners ETF (SIL).
The market had second thoughts about the positive implications of the euro zone loan and worries over the depth of Greece’s debt problems resurfaced this morning, putting the breaks on the precious metal mini bull-run.
Precious metals prices returned from Easter Break with a bang. Despite the dollar remaining in the green Wednesday, silver took direction from the industrial side of the market and, like gold, rose along with platinum, palladium and copper prices.
Monday, August 30, 2010