Gx Silverminers Discussion Threads

[romeria] 29/3/2006 17:27

Find the right stock news here!!

[krishall] 29/3/2006 17:26

from todays Gulf News:

Dubai: Trading in silver futures contracts was robust on its launch on the Dubai Gold and Commodities Exchange (DGCX) yesterday as traders rushed to hedge against price volatility of the metal, which hit a 22-year peak on Monday.

Some 750 silver futures contracts had been traded by 4:30pm., nearly twice the 450 odd gold contracts, with July deliveries quoting at $10.935 an ounce. Indian firms SMC Global and Trust Securities struck the first deal.

"The response has been phenomenal and silver has taken a lead over gold. But we expected this from our market feedback. Everybody was asking us why aren't you launching silver?" Framroze Pochara, Dubai Gold and Commodities Exchange's chief executive, told Gulf News.

"Silver has been far more active and far more volatile than gold," Pochara said.

[krishall] 27/3/2006 21:58

NEW YORK (AFX) -- Gold futures closed at a three-week high Monday, silver struck a new 22-year peak and copper ended at its highest ever level, buoyed by excitement about a new silver investment instrument and dollar weakness ahead of a Federal Reserve meeting. Gold ended up $6.90 at $567.40 an ounce, its highest level since March 3. Silver closed up 16 cents at $10.895 an ounce after climbing to $10.94. Copper ended up 6.35 cents at $2.475 a pound.

[Abuse team] 27/3/2006 18:51

Post removed by ADVFN

[miata] 27/3/2006 18:49

Silver closes up 16c at $10.895 an ounce

[miata] 27/3/2006 08:48

Silver rose to its highest level in more than 22 years on Monday, driven by expectations of more demand for the precious metal, but gold failed to sustain last week's gains and capitalise on a weaker dollar.

Spot silver breached a key resistance of $10.80 and rose as high as $10.82 an ounce, its highest since September 1983, before easing to $10.78/10.81 an ounce. That was still higher than $10.72/10.75 late in New York on Friday.

[krishall] 26/3/2006 09:36

silver futures trading to start in Dubai from next Tuesday...

[miata] 24/3/2006 13:19

Prospects of an exchange-traded fund have pushed futures prices for silver to a more than two-decade high, but the launch of a new investment vehicle may dull some of the metal's shine.

A silver exchange-traded fund in registration from Barclays Global Investors took a step closer to its launch when the Securities and Exchange Commission approved a rule change that would allow the product to list on the American Stock Exchange.


Metals-based ETFs have to have the physical metal in their possession and that obviously means that they have to buy a lot of silver.

The ETF would be backed up by 130 million ounces of silver initially.

We should see the ETF suck up a lot of silver, and this has the potential to move silver to the mid-teens this year.

The market has been gearing up for a launch. May silver prices touched $10.70 an ounce in New York Thursday -- the highest futures price since late 1983 -- and they're up around 9% from the end of February.
Global demand [for silver] has moved to a point where it is greater than new global production.

Add that to the prospects of a silver-based ETF and you have an explosive situation.

[agincourt] 05/1/2004 09:02

Is it time to revive this thread?

Where is silver going?

[miata] 14/8/2003 23:45

With the prospect of rising interest rates in the US and hence falling bond prices smart money is flowing out into precious metals.

[miata] 31/7/2003 09:44

That monetary reflation is heading into overdrive is visible not only by the recent acceleration in the rate of change in money aggregates over the last three months, but also by the rhetoric of Fed officials. Several weeks ago Greenspan told Congress that economic growth would accelerate to 3.5% in the second half of the year, and then accelerate to the 4.75-5% level by next year. The only strong sector in the economy over the last few years has been the housing market and consumer consumption. With consumer confidence falling dramatically and the refi market slowing down along with new mortgage applications (refinancing plummeted 32.9% in the week ending July 25th and new loan applications to buy new homes fell 3.5%), I wonder what sector will emerge to give us the kind of growth the Fed keeps predicting. An economy the size of the U.S. at $10 trillion growing at 5% a year is a sizable achievement. To get the economy to grow at this rate means that major monetary inflation is about to take place. This may be what the rise in gold, the rise in interest rates, and the fall of the dollar may be signaling. The Fed may be embarking on a policy of hyperinflation if left unchecked by the financial markets. To owners of paper assets, caveat emptor. Your holdings of paper assets, be they bonds, stocks or cash, is about to be made worthless. I believe we will begin to see hard assets such as silver and gold, energy and other hard goods begin to rise at rates that are commensurate with the Fed's ability to inflate.

Given the Fed's intention-publicized openly-to inflate away the currency, investors would be wise to take refuge in the only durable and real currency of choice throughout all of history: silver and gold. It is the only money that isn't someone else's liability. It can't be destroyed or inflated away.

[miata] 29/7/2003 06:30

Monday

Dow down 18, 0.2%

SIL up 66, 3.98%
PAAS up 16, 1.92%
SSRI up 38, 5.65%
HL up 8, 1.40%
CDE up 10, 5.4%

[miata] 26/7/2003 10:22

Where the smart money is off to.

Shares to check are:
SIL , PAAS , SSRI , HL , and CDE.