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. [View news story]
A majority of analysts polled by Bloomberg turn negative on gold, the first bearish read this year. Topping the list of concerns are slumping demand in India - where jewelers have been closed for 3 weeks in protest of higher taxes - and the Fed being a little less eager to paper the planet with greenbacks. Gold +0.8% to $1,627. [View news story]
The Bottom For Silver Is In, Prepare For A Rally [View article]
yea the trick with miners is they trade with their own technicals so its difficult to hold them long term. personally i hold silver long term, and then i trade the miners when they are greatly oversold more like for rebound trades, coz i get fuked when the usd/chf goes down otherwise. holding dollars is risky nowadays
Silver Hits Head And Shoulders Target [View article]
yea wher do u get that from? the indians and chinese selling their precious metals, no they r buying !! gold going sideways, no , yea of course volatility. but look at hte median analyst expectations is above 2000 for year end, i dnt think it d take much for gold n silver to climb higher in 2012!
The Most Promising Investments For 2012 [View article]
a strong dollar is not sustainable in the long term. the US is strugglin enough already. im convinced the dollar will depreciate to the euro. -> drive Precious metals higher. give me a at least 10 month time for this to materialise for gold to challenge the 1800s again etc..
this is basically the last thing u want to be doing. - shorting an extremely strong bull market. silver wont go to 60 overnight, but it is not so far away. fraud in the market and strong demand will sooon catch up with the paper price. the chinese r buyin like crazy , this is an accumulation phase. it may drop below 30 again but i would not short it. think long term, act long term - silver is going higher, much much higher
Today In Commodities: Potential Breakouts [View article]
what are the bearing factors for crude oil? Iv also heard that it d b gd to short it, yet apart weak demand, and libya supply slowly returning to market i dont see much bearish factors. seems like it s an inflation hedge for a lot of ppl, hence its climbing higher
Eric Sprott On The Risks Of Holding Money In Banks And The Likely Future Of Precious Metals [View article]
lucy just wrote "barack hussein obama" because its funny aha we all need to pull back a littl from seriousness in this sort of world we r livin in, aha
Eric Sprott On The Risks Of Holding Money In Banks And The Likely Future Of Precious Metals [View article]
Absolutely agree with you. Yet i prefer the metals to the stocks because i believe there is a risk that governments nationalise mines etc.. and this is y it could stay quite cheap. maybe i have just a different risk tolerance
Today In Commodities: Decision Time [View article]
friday i opened a long gold position at 1625.. i dnt rly trade, im a long term holder but gold seems in a nice bull market right now. id buy on pull backs. look for the manipulation too, ther is heavy chinese buyin n more central bank buyin as well.
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. [View news story]
A majority of analysts polled by Bloomberg turn negative on gold, the first bearish read this year. Topping the list of concerns are slumping demand in India - where jewelers have been closed for 3 weeks in protest of higher taxes - and the Fed being a little less eager to paper the planet with greenbacks. Gold +0.8% to $1,627. [View news story]
The Bottom For Silver Is In, Prepare For A Rally [View article]
The Bottom For Silver Is In, Prepare For A Rally [View article]
Top Undervalued Gold/Silver Buys And Sells By Sprott Asset Management [View article]
Silver Hits Head And Shoulders Target [View article]
Silver And Gold: Another Factor That May Cause A Sharp Correction [View article]
The Most Promising Investments For 2012 [View article]
Why You Should Short Silver Now [View article]
Today In Commodities: Potential Breakouts [View article]
Intervention Could Arrest Yen's Rise: Good Time To Take Profits [View article]
Intervention Could Arrest Yen's Rise: Good Time To Take Profits [View article]
Eric Sprott On The Risks Of Holding Money In Banks And The Likely Future Of Precious Metals [View article]
Eric Sprott On The Risks Of Holding Money In Banks And The Likely Future Of Precious Metals [View article]
Today In Commodities: Decision Time [View article]