Hibernation Time for Silver Bear?
Posted by Investment Rarities on October 19th 2011 in CFTC, China, Federal Reserve, General Economy, Gold, Monetary Policy, Short Sellers, Silver, Wall Street | 1 comment
Silver “may rebound from a bear market as investors bet on growth in developing nations and an extended European debt crisis,” according to a Bloomberg survey of 11 analysts, including one described as “the most accurate silver forecaster tracked by Bloomberg in the two years through June.” He says that “Prices now look relatively cheap to where they have been recently. The backdrop is still very supportive for gold and we think that silver will leverage off the back of that. Emerging markets are going to be important for demand for sure.”
The article notes that “Investors for now are getting more bullish. As well as adding to ETP holdings, they are also buying bullion coins, with the U.S. mint selling 4.46 million ounces of American Eagles in September, the most since January. Record low interest rates in the U.S. should make holding bullion, which generally earns investors returns only through price gains, more attractive.”
Related Links:
Kitco: Comex gold ends slightly lower as trading remains choppy
MarketWatch: Gold extends two-session decline; silver sheds 55 cents
WSJ: Gold: Here’s why it could get to $2000 soon
Seeking Alpha: Gold bears facing moment of truth
MoneyWeek: A new way to buy gold with ‘redbacks’
Mineweb: Initial Hong Kong yuan gold trades seen at premium to dollar price
KWN: Dollar devaluation coming, gold to be revalued
Jesse’s Café Américain: This is the gold bull market
Sharps Pixley: Gold’s biggest influence: fear or greed?
KWN: John Embry – Gold & silver close to taking off
TF Metals Report: The silver bull market of 2012
MarketWatch: Gerald Celente on why he’s selling gold to buy silver
Paul Farrell: EU bank failures will crash Wall Street — again
ABC News: Federal Reserve board rife with conflict of interest, GAO report
Bloomberg: Chart of the Day: America’s bills about to exceed its paycheck
Zero Hedge: America will surpass 100% debt to GDP on Halloween
Of Two Minds: Debt-serfdom is now the new American norm
October 24th, 2011 at 6:47 pm
I love checking my change I receive from stores for those silver dimes and quarters. I’m also big into investing in gold and silver bullion coins as well. If the crap ever hits the fan I will have something to barter with.