Gold spiked to as high as $1097.80 immediately following the release of this morning’s jobs report before it quickly dropped back down to as low as $1086.55, but it then rose to a new record high of $1100.95 by a little after 9:45AM EST and chopped its way slightly lower into the close to end at a new record high with a gain of 0.56%. Silver rose to $17.59 in early London trade before it fell with gold in early New York trade to as low as $17.253 and then rebounded to as high as $17.60 by about 9:45AM EST, but it also fell back off into the close and ended unchanged on the day. Read the Closing Report
The Past Decade By: David Morgan and Ellis Martin | 5 November, 2009
My thinking goes like this. It’s very simple—the first thing I want out of my investment in this sector is something that I feel stands alone outside of the system. Only coins in hand or bullion in hand do that. So my first purchase, and I recommend it from the start, is to have the physical gold or silver in hand. Full Story
Silver is a unique situation, both from an investment and regulatory perspective. The short concentration in silver, in terms of the futures market, world production and above ground inventories has no equal. It must be dealt with in a unique regulatory manner. Anything less will prove futile. Full Story
The Gold:Silver ratio has ranged from 14.9-to-1 in January 15, 1980 at the time of the record high gold and silver prices to 99.8-to-1 on February 22, 1991 when the price of silver was particularly depressed. During the past 5 years it has ranged from 43.6-to-1 (April 19, 2006) to 84.4-to-1 (October, 2008). It is currently at 64-to-1 having breached the 28 year support line of 58-to-1 (and 200dma) in August 2008. Full Story
The Peak of World Silver Production may be just around the corner due to a falling EROI (energy returned on energy invested). This will also be true for most industrial metals. I may go as far as to say, if the Global Economy does not make a full recovery shortly (which I doubt), 2008 could be the all time peak for world silver production. At least, the world production of silver will be in a plateau as unconventional oil supplies start to peak and decline. Full Story
At the foundation of any macroeconomic theory, the trade balance is one of the most important economic indicators. The trade balance is the calculation of the difference between how much a country exports and how much it imports. In the United States, the trade balance has been in the negative for decades due to the importation of oil and the reliance on the manufacturing abilities of other nations to produce our goods. Full Story
Silver remains very undervalued on an historical basis (charts below) and is undervalued even against gold (chart below). While gold has begun to receive some interest from a small minority of retail investors, silver remains the preserve of relatively few contrarian investors and the media and financial press rarely if ever covers silver. And yet silver is quite likely in the intermediate stage of a bull market that will rival or surpass that of the 1970’s. Full Story
One of the largest drivers of silver prices, inflation is already showing itself. After the collapse of Lehman Brothers, the US central bank took dramatic steps to curb any future price decline in housing, commodities, and stocks – but the effort was purely inflationary. Full Story
A well-known truism is that every investor needs to start with savings. But what if that “savings” gave the investor too much exposure to risk? What investors or people in general need in this financial environment is savings that don’t deteriorate. We are in an environment now where the idea of making money, which is kind of the preamble to being American, is going away. Full Story
Andy Sutton: Hello everyone. Welcome to Contrary Investors Café for the Rocks and Stocks Report. My name is Andy Sutton and this week we have an exciting guest, David Morgan from Silver-Investor.com. I don’t think this really needs much preamble, so without ado let’s get right into the interview with David Morgan. Full Story
All IRA money must be held by a broker, who is the custodian of the IRA account. If you keep up with the news you occasionally hear of brokers who clean out client accounts, and disappear. The largest of such thefts are in the Billions. Full Story
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