With silver off 2.2% on Monday, Sean Rakhimov, who publishes the Web site Silver Strategies, acknowledges silver’s “high degree of volatility,” in an interview with The Gold Report, but believes “its fundamentals are far superior to those of gold due both to its industrial usage as well as price. Silver is far cheaper than gold and a lot of investment has been switching over to silver. For instance, Sprott says it sells equal amounts of silver (in dollar terms) to gold, which means in today’s numbers, silver is selling 50 times more in ounces than gold. So, I think silver has far superior fundamentals, and it’s definitely more affordable. It will take on a life of its own, and at some point, outperform gold significantly.” He also predicts that “with silver, we are probably somewhere midway through the cycle and have another 10 years to go.”
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Casey Research: This is what volatility looks like
KWN: James Turk – Central banks intervened in gold out of desperation
Trader Dan: US dollar compared to Comex gold chart
Mineweb: Sentiment hit hard by big gold sell-off – could be more falls to come
SafeHaven: Silver market update
Eric Parnell: Silver: The battle line is drawn at $38
ZeroHedge: David Rosenberg: “The best currency may be physical gold“
Sydney Morning Herald: Less gold mined last year, but it was worth more
Got Gold Report: Chris Powell: China puts floor and ceiling on gold?
Wall St. Cheat Sheet: Will “Doomsday Bill” help gold and silver shine?
Jesse’s Café Américain: JP Morgan’s Blythe Masters is the 2011 Queen of Commodities
The Dismal Optimist: Enjoy the central bank party while it lasts
NYT: Low rates for savers are reason for complaint
The Atlantic: Reckless: The inside story of how the banks beat Washington (again)