Keith Weiner,
May 16, 7:33 am
On Monday, May 14, something happened that hasn’t happened since Dec of 2008. Two successive near-month precious metals futures contracts were in backwardation at the same time. To oversimplify, backwardation is when the price of a futures contract is lower than the price in the spot market.
May 15, 5:39 am
There’s no point in pretending it’s those sleazy, child-molesting bullion bankers at Morgan Stanley, Goldman Sachs and J.P. Morgan who have been pounding on mining stocks and bullion futures in the last few months. Lately, it has felt like the whole world has been dumping them. For the record, we are ourselves cautious buyers of bullion futures and select mining stocks at these levels, since many popular trading and investment vehicles that we track are closing on important Hidden Pivot correction targets. (Want to find out the exact prices at which were are doing the buying?
May 13, 3:10 am
Those investors panicking now and selling their gold and silver will feel as sick as dogs when they see what happens next to prices. For after a bleak patch lasting at most a couple of months the eurozone authorities will start their money printing presses rolling and hey what is the one money that they can never print?
May 13, 3:02 am
China and India together account for a considerable amount of the current demand for physical silver. Each emerging market country has a strong base of support for silver from individual investors, who often purchase the physical metal as jewelry and bullion since it is thought to provide a more reliable store of value than the local currency.
May 11, 12:44 pm
COT Silver Report - May 11, 2012
Hubert Moolman,
May 11, 9:00 am
Here are a few patterns that might explain the current state of the silver price, as well as, provide the possible way forward. Below is a graphic which compares the current pattern on silver (from about the beginning of 2011 to present) to a 2007 pattern:
Scott Pluschau,
May 11, 5:45 am
The initial profit taking target of the "Descending Triangle" pattern of the daily chart (right hand side below) on silver has been reached. The "Head and Shoulders" pattern on the daily chart is still in play.
Michael Kilbach,
May 11, 12:59 am
If this does not get your attention I do not know what will. Imagine buying a $400,000 furnished condo in 2011 with the proceeds of a $6,250 investment that was made in 2003. We know someone who has actually done this by using the power of relative value. Let us explain the concept and then we will explain how the relative value may apply to other great opportunities in our markets today.
May 10, 11:14 am
Why do I think that silver will outperform gold? I look at two or three metrics that suggest that. as an example, last year, the mint sold as many dollars as silver coins as cold coins. same dollar amount. in other words, people bought 50 times more physical silver than gold. when we did our last two tranches of the gold trusts in pslv, both raised $349 million. we bought 50 times more silver than gold. we don't force people to buy these things. that's their decision. don't force people to buy coins mint, that's their decision. if the common guy is going to buy silver in a ratio of 50-1 to gold but only available at 6 1/2-1, I have to believe the price of silver is going to outperform gold.
May 9, 11:01 am
Especially at times of price pressure like now, it can be reassuring to know how the game is being played. I’m not speaking of the day to day price movements, but of the dominant forces that generally cause both short term and long term price movements. The price of world silver and gold is mostly set on the COMEX. Over the longer term, of course, other things will influence the price, such as production and consumption and investment demand. But these longer term influences don’t change radically from day to day and it is usually unproductive to link those influences to short term prices. And sometimes, like now, world events would strongly favor a rush towards precious metals were it not for price-setting on the COMEX.
10:29 pm Gold and silver still the best protection against ...