That looks more like a roulette wheel ;DQuote:
Originally Posted by Libertarian_Guard
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That looks more like a roulette wheel ;DQuote:
Originally Posted by Libertarian_Guard
Oh please, not the Aden sisters again.Quote:
Originally Posted by Serpo
On the subject of silver, these two should forever keep their mouths shut, or at least never be paid a cent for their opinions/research.
Back around 2003 I met these two at the NY gold & silver conference. One of them were asked if silver was a good investment. The ditz replied that if silver could hold above $4.50 it remained a buy, but if silver broke below $4.00 they would get out. I was shocked and blown away at such advice. Did they think silver could go much lower than that? Even back around 2000 the case for silver was STRONG, even though the spot price was at fire sale levels.
buyer under 30.00 frn, or until sane monetary policies are initiated.
Silver exports from China, the world’s largest, may drop about 40 percent this year as domestic demand from industry and investors climbs, according to Beijing Antaike Information Development Co.
Shipments may decline from about 3,500 metric tons in 2009, said Feng Juncong, chief analyst at the state-owned Antaike, without providing a specific forecast. Customs data show exports plunged almost 60 percent to 970 tons in the first eight months. Cancellation of an export rebate in 2008 is also hurting shipments, she said.
Reduced exports may bolster prices that are trading near a 30-year high on speculation that governments worldwide will take further steps to stimulate their economies, weakening currencies and increasing demand for assets that are a store of value. China, the third-largest producer after Peru and Mexico, revoked export rebates in August 2008 to curb use of natural resources.
“There is huge demand in China this year and that has affected exports, which were already hurt after the tax rebate was abolished,” said Ng Cheng Thye, head of bullion at Standard Bank Asia. “The demand is coming from all areas, including jewelry, investment and fabrication and this has resulted in a physical market shortage in the Far East.”
The metal for immediate delivery touched $24.92 an ounce on Oct. 14, the highest price since September 1980, and traded at $24.2750 at 2:28 p.m. in Singapore. Industrial applications for silver, including electrical conductors and batteries, represent about half global demand.
Silver Rally
“China may sharply reduce its silver exports this year following the scrapping of the rebate and as domestic demand picked up amid expectations for higher inflation,” Feng said. This year’s 5,100-ton quota is unlikely to be fully used, she said.
Silver has rallied 44 percent this year, outperforming gold and copper. In the short term, prices will be between $20.50 and $25.50, GFMS Chairman Philip Klapwijk said on Oct. 16. “Silver is likely nearing a top now, and that it has more downside in the short term than upside,” he said. “But we remain bullish in the long term.”
China’s silver production, including mined, by-product output and recycled material, grew by an average 14.9 percent every year in the 20 years since 1990 to 10,348 tons in 2009, Feng said. Growth was mainly because of the fast-growing production of lead, zinc and copper, which generates silver as a by-product, Feng said.
Output Drops
The country’s silver output dropped 1.9 percent in the first eight months to 7,445 tons, she said. About 60 percent of China’s silver mined output is in the form of by-product of base metals, according to Antaike estimates.
An expected drop in lead and zinc concentrate supplies will affect domestic smelter production, weighing on China’s silver output growth, she added.
“There are Chinese investors now hoarding silver, along with other resources, amid anticipation of higher inflation,” Feng said. “China is short of resources so these investors believe the metals will be more valuable in the future.”
http://www.bloomberg.com/news/2010-1...this-year.html
Fitting perhaps for the silver market ;DQuote:
Originally Posted by RJB
He demonstrated the progress to 24. But he did not answer the "now what".Quote:
Originally Posted by Serpo
Is there a part two to this?
Now what .......very good question......... ;D
There is this though .......
http://www.youtube.com/watch?v=A9Lhv...eature=channel
Rick Rule - Physical Supply Shortages in Silver
With gold and silver correcting, King World News interviewed one of the great minds in the resource world, Rick Rule. Rick is one of the most level-headed individuals in the business, so what he said about silver was shocking, “We are seeing huge inflows into physical silver, and that may create a shortfall of available physical silver.” He also mentioned, “Silver strip and silver coin demand continues very, very strong as well.”
October 22, 2010
KWN Blog
Rick Rule continues:
“I just think it was overbought, the trade was getting very crowded. There were a lot of momentum players and they are not investors. So they jumped ship at the first sign of weakness.
They were attracted to the strength in gold, and as soon as the tape turned weak they were gone. I would expect further weakness in both gold and silver. I’m still very constructive longer-term on both, but the silver market may not decline like the gold market.
You hear from dealers about delays in shipping product. I would assume given the extraordinary amount of coins being minted and the demand, that we may be close to running into physical supply shortages as a consequence of extraordinary demand for minted products.”
When asked about the mining shares specifically Rick commented, “I think you are going to see in the next two years a lot of takeovers, despite the current weakness in gold bullion and gold equities. Majors are now enjoying excellent cash flows and are having difficulty replacing ounces produced.”
That is what we are looking at going forward, tremendous consolidation in the mining sector PAC-MAN style. We can also count on longer-term strength in gold and in particular silver, with potential shortages developing in silver.
Eric King
KingWorldNews.com
http://kingworldnews.com/kingworldne...in_Silver.html
first time have really seen it on main stream type media. aol front page headline... oct 31
silver investment of the century
Ted Butler speaks on the end of silver manipulation.....
http://www.chrismartenson.com/blog/c...pulation/48215