Even with the sharp decline from last month, and the overall decline since September of 2011, there is still bullish spacing. It occurs when the current swing low is above the last swing high, from 2008. It tells us that buyers have been willing to buy into the market without waiting to see how the last swing high will be tested, an overall bullish condition.
The 2013 edition will report on all aspects of the 2012 silver market, providing comprehensive detail on demand, supply, investment, and price action. The (online) event takes place on Wednesday, April 24, at 8:30 AM EDT.
The Silver Institute published today the following short but highly educational video about silver. They explain why it is the element of change. Silver is one of the most widely used and indispensable precious metals in modern society. Throughout history silver has played a key role in many of civilizations’ greatest advancements. It is the element of change.
The Silver Institute and Thomson Reuters published a report of 25 pages about the Chinese Silver Market. In it, the market structure is presented detailed by supply and demand, imports and exports, and outlook. In a nutshell, China became the world’s second largest silver fabricator and is on its way to be the second largest producer. Its share in global demand stands at 17% while global supply at 14%. The executive summary contains the following two paragraphs which represent a high level overview of silver’s supply and demand in China: Chinese silver mine production has been on a steadily increasing trend, more than doubling over the last decade or so. [...]
GoldCore organizes a webinar about the outlook for silver in 2013 and what to take into account to safely own silver. The special guest for the event is David Morgan, publisher of the Morgan Report and a worldwide expert on silver. It’s an online only event (webinar) that requires subscription. We will attend and report after the event. The topics that will be covered: The Outlook for Silver in 2013 And Coming Years Silver Seasonality – When To Buy The Safest Way To Own Silver The webinar takes place on Wednesday, December 12, 2012 from 7:00 PM to 8:00 PM GMT. Subscriptions are open, attendees need to register on this web [...]
Our day-to-day focus often makes us forget the higher values in our lives. Yes undoubtedly economic and monetary matters are important and an integral part of life. But let’s not forget there is much more. There is gold, there is silver … and just us with the values that we created over time as human beings. With the end of the year nearing, it’s time to take some distance and put things into perspective. Gold and silver carry strong values, but we humans should be proud as we have even more values. Time for some wise words, written by a retired accountant who has been in financial markets for more [...]
In order to satiate the world’s growing hunger for silver, a lot of pressure has been placed on its supply chain. And with total annual supply recently exceeding 31k metric tons (1.0b ounces) for the first time ever, the suppliers of this white metal have so far made a valiant effort to meet demand. Silver demand is on the rise for a variety of reasons, in large part due to big increases in investment demand. And this has naturally created a structural imbalance that has spawned a major secular bull market. A bull in silver of course translates to higher prices. And silver’s much higher prices have provided ample incentive [...]
The Silver Institute just published the research report “The Outlook for Silver Industrial Demand.” The research, executed by Thomson Reuters GFMS, examines the current and future outlook for global industrial silver demand. We quote from the summary of the report: At present, against a backdrop of a continuing sluggish global economy, a downturn in silver industrial demand is forecast for 2012, although a recovery in 2013 will see these losses entirely recouped. The report states that during 2012-14, some silver industrial market segments will outperform, including the use of silver in ethylene oxide (EO) plants, which is already experiencing a strong performance this year. Silver oxide is employed as a [...]
The author explores in this article how the current financial system will soon turn into a train wreck. The long term bull market in paper based financial assets has ended but our politicians are undertaking truly heroic actions to keep this paper based money system going. Mathematically it’s impossible in the meanwhile to continue this way. So in either situation, there will be a painful resolution and whichever scenario plays out, there is only asset class that will offer protection: gold and silver. Begin with a few facts and assumptions and follow the logic: Gold has been a store of wealth for more than 3,000 years. Silver has been used [...]
In his latest article, Peter Schiff explains the negative effects of interventions of monetary stimulus by the central bank. In particular, inflation is the result of money printing and although governments claim inflation is under control, it is an inevitable effect longer term. It is shortsighted to think that monetary interventions come without (negative) effects. The acclaimed decline of unemployment by the creation of money is not realistic in Peter Schiff’s opinion. Obviously a lot of other thinkers and commentators share the same view. After the announcement of QE3 (also dubbed “QE Infinity”) created yet another round of media chatter about a recovery, the Fed’s Open Market Committee has decided [...]
This is an excerpt from Ted Butler’s latest commentary to his premium newsletter subscribers - www.butlerresearch.com It has been quite some time since my good friend and silver mentor, Izzy Friedman, has written something about silver. Devastated by the loss of his wonderful wife of 56 years, Gabriella, Izzy withdrew from his daily silver market observation and our telephone conversations in order to restructure his life around family and travel and contemplation. We have started to talk more frequently and he agreed to write something. For those who may not be familiar with Izzy, it was a personal challenge from him to me almost 30 years ago that started me on [...]
Anyone that spends time at Goldsilverworlds.com knows that precious metals are the best way to hedge against inflation and the rapidly decreasing fall in the value of the dollar. And while gold remains a smart move, there’s much to be said for silver. Why? Because, unlike gold, silver has an inherent value that goes well beyond scarcity. Without silver the world as we know it would literally stop. The computer screen on which you are reading these words, has silver in it. The TV you watch, has silver in it…and the list goes on and on. This infographic was created to help investors learn about the underlying reasons behind silver’s increasing [...]
After the Federal Reserve launched QE3 last month, investors and speculators are growing excited about its future impact on gold and silver. Though the Fed’s QE3 campaign started out relatively small, its open-ended nature is utterly unprecedented. Thus an unknown amount of future inflation will be spawned. Naturally gold and silver thrive in such environments, as they proved during QE1 and QE2. Of course QE stands for quantitative easing. Even as a lifelong student of the financial markets, I don’t recall hearing this term before late 2008’s epic stock panic. Central banks are notorious for trying to cloak their actions. So although “quantitative easing” was universally derided historically, it was [...]
By Jeff Clark, BIG GOLD In early July, Japan set a premium price for solar energy that was three times the rate of conventional power. This meant utility companies would be paid three times more for electricity sourced from solar. It’s widely expected that the premium will ignite the use of solar power – and solar uses a lot of silver. Silver Demand from PV Panels As you may know, silver is used in photovoltaic (PV) technology to generate solar power. A typical solar panel uses a fair amount of the metal – roughly two-thirds of an ounce (20 grams). To put that in perspective, a cellphone contains around 200 [...]
You just took $500,000 (half your net worth) and sat down at a no-limit Texas Hold ‘em game in the Wall Street Casino. You are anxious but feel confident, based on good intelligence and planning. Then you look at the other players at the table: A prominent Washington D. C. lobbyist. A TBTF (Too Big To Fail) banker with deep political connections. The CEO of a major oil company with tentacles into a dozen countries and strong influence in Congress. A Senator known for his insider trading information derived from his Committee Chairman post. A High Frequency Trader with banks of computers at his disposal in addition to several PhD’s [...]