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Mitsui Precious Metals strategist David Jollie says the high margins on Comex and the low...

  • Thursday, April 5, 2012, 10:48 AM ET
    Mitsui Precious Metals strategist David Jollie says the high margins on Comex and the low turnover on the Shanghai exchange are two factors that will keep silver prices from falling short of the $50 mark. It's a take that falls in line with the view of Sector Investment Managers' Angelos Damaskos, who sees the market back in "normal situation," where silver behaves much more like an industrial metal than a safe-haven asset. Silver +1.7% to $31.60.
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This news story has 9 comments:

  •  
    I sleep well at night have physical currency than this nonsensical printed money out of thin air that is overvalued. Silver's upside is off the charts with technology in pharma, medical applications, solar, et cetera and is getting harder and harder to mine. I see no reason why it is not $50 an ounce now, let alone $120 witin 5 years with the rate of US currency depreciation.
    5 Apr 2012, 10:58 AM Reply Like
  •  
    I wonder what Mr Sprott thinks?
    5 Apr 2012, 12:14 PM Reply Like
  •  
    The next election could have a big effect on both silver and gold. If B.O. gets back in the prices of both could head straight North. A Romney win would mean a slower speed North.
    5 Apr 2012, 01:07 PM Reply Like
  •  
    No
    5 Apr 2012, 01:12 PM Reply Like
  •  
    took 51 years paying SS to find USB got kickback for pushing AGI as investment, E J investment recommends companies who advertise with them, screw the muffets. the Fed tries controlling PM prices to keep paper value up be it stocks, or currency. hatefeebay, don fried, vaag, you got it...... learnmoney sprott is right !!!! his timing might be off a little but he has some of my money!!!!
    5 Apr 2012, 03:33 PM Reply Like
  •  
    Well i guess im the average hard working person. Finacially i screwed up a little but i'm still young. I've always been interested in coin collecting. And buying gold and silver i believe is still a good buy!
    6 Apr 2012, 04:59 AM Reply Like
  •  
    Long term, 20+ years silver will power slam gold in appreciation :-)
    6 Apr 2012, 09:38 AM Reply Like
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    It just seems to me that, in the short term, global investor sentiment will push silver down into the high 20's before elections take place, not to mention "the fix" on ECB, which is just kicking the can. Anyhow, I think we got a little more time before liftoff.
    6 Apr 2012, 12:52 PM Reply Like
  •  
    its bullshit. silver is a buy
    8 Apr 2012, 01:37 PM Reply Like
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