Gold

Could Chinese New Year Boost Silver and Gold?

January 31, 2012 By evossman Leave a Comment

The precious metals market has been looking for any sign that the slide happening over the past 6 months is going away. Well both gold and silver prices are finally rebounding with gold leading the way to an 8 week high.

What could be causing the rise?

Looking to Barron’s online they say…

Prices moved higher during Asian trade as Chinese buying picked up following the Lunar New Year holiday, according to a Dow Jones Newswires report. But analysts remained cautious, pointing to an 11.2% rise so far in 2012 in gold futures prices. The PowerShares U.S. Dollar Index ETF (UUP) was falling some 0.27% in pre-markets as the CurrencyShares Euro ETF (FXE) was rising by 0.39%.

That could mean good news as the market looks to pull investors back in.

Filed Under: Gold, Silver News, Silver Prices Tagged With: China, Gold

Price of Silver and Gold Plummet

November 17, 2011 By evossman Leave a Comment

Just as soon as we were talking about how the price of silver is increasing now we’re changing things and saying the price of silver is on it’s way back down.

As we write this article the price of silver has fallen more than $2 and is back down below $31.50 per ounce. The price of gold, is following suit. The price of gold is off nearly 2.5% dropping $44 to the mid $1700 and not looking at stopping.

The price of silver is in the news as well with precious metals, previously a safe haven in economic turmoil, is now talked about with the same volatility as equities.

Top of the news is in the Wall Street Journal as well as the Washington Post. Both articles speak to the economic times in Europe.

The Washington Post speaks to the boost that Greece and Italy gave to the dollar as a place to find the potential cause of the drop in precious metals observed today and yesterday.

The WSJ is making similar reports that growth is going down and the chance of inflation is low. This will drive down the demand for gold and silver and make prices weak in the coming months.

Filed Under: Silver Prices Tagged With: Gold

Investors Turning to Silver and Other Precious Metals as Debt Limit Remains Unsettled

July 25, 2011 By Jeremy Leave a Comment

It remains clear that even as stocks fall, investors continue to pour their money into silver and other precious metals as a good place to park their money while the United States and European debt problems get sorted out.

The price of silver went up by 29 cents and ounce Monday and has a per ounce price of $40.48. Gold prices went up as well, rising $14 to $1,615.80 an ounce. For the year, silver has risen a whopping 31%, while gold has risen by 14%.

It seems that through the debt crisis and the other financial problems hitting us from around the world like the problem in Greece, precious metals stocks — particularly silver and gold, remain strong, as investors and industries continue to out their money into them.

As we have been saying for quite some time, now is as good of a time as any to invest some money in silver. Reports have silver continuing to rise even through all the financial problems looming and a possible debt deadline breach.

If you need a place to park your money, then put some of it in silver bars or silver coins and allow it to sit there until the financial crisis is solved.

Filed Under: Silver News Tagged With: Debt Crisis, Debt Limit Deadline, Gold, Silver, Silver and the Debt Limit

Silver Remains a Buy at These Historically Low Prices

January 25, 2010 By evossman 2 Comments

The market took a rest for the month of December and most of January. It looked like the markets of old, when prices just kept climbing with intermixing of small declines for profit takers to reap the rewards of the most recent jumps. But, as news of inflation, jobless numbers remaining, and earnings not quite what everyone thought they were going to be, we’ve seen some large declines.

So, is it all money back into previous metals? Ride the gold train all the way up? We’re not sure about gold, but silver is definitely still looking good in our minds and remains a buy for many at the current price of $17 an oz.

Historically, silver is no where near it’s non-inflation adjusted price of $50 per ounce, while gold is setting a new high every other week. So whats the deal? Will silver finally correct itself or will we see the price of silver take a back seat as the rest of the words markets wait for the economy to recover.

Filed Under: Silver Investing Tagged With: Gold, Price of Silver, Silver

Price of Silver in 2010

January 4, 2010 By evossman 8 Comments

Where will the price of silver go in 2010? It’s a new decade, there’s a new set of investing rules out there, and both gold and silver are looking find new highs in the new year.

While gold is ever stretching towards new highs, silver is still lagging behind. Silver ranged in price from $10 to $19 in 2009, still well, well below it’s highest price ever. $49.50. That’s right, in 1980 the price of silver was 2.5 to 5 times higher than it’s all time high of nearly $50!

Gold on the other hand continues to break through it’s all time highs as world banks stock pile the precious metal to back their currencies and individual investors buy gold to combat inflation, looming around every corner.

So where oh where will the price of silver go? We think up, and up and up. But what do we know, we just write this blog….

Filed Under: Silver Prices Tagged With: 52 week high, Gold, Price of Silver, Silver

Silver is the Only Commodity Below It’s All Time High

June 17, 2008 By evossman 19 Comments

Silver investing is what this blog is all about. Buy silver, invest in silver, get into silver! That’s what we say every day. But why do we say that?

Well, it’s not because we have to say that, we’re not analysts, we’re not paid by any of the big silver ETFs, we just like silver! One interesting point that we found in an article over at business 24 – 7 is about one fact.

The fact that silver is the only commoditiy that hasn’t jumped above it’s all time high during this commodity boom. Yes you read that right, every thing else has jumped above it’s all time high but silver. The precious metal silver is behind. And from what we’ve heard (only third hand so do your research) the silver supply is low and demand stays the same or is growing.

So why the low price?

We’re not sure. But it just adds to the reason why you should buy silver.

Filed Under: Precious Metals, Silver ETF, Silver Investing Tagged With: Buying Silver, Commodities, Gold, Investing in Silver, Price of Silver

Silver Investing Looks Up On Goldman Sachs News

June 17, 2008 By evossman 1 Comment

Silver has been a roller coaster ride lately with ups and downs and in betweens. No one can figure out this market. And if you can, you’re kidding yourself.

Buying silver, which historically, buying gold and silver has been done when the markets or dollar is down, is even a risky investment. Investors in precious metals have seen both of the major metals swing more than 15% in a months time. Going from 52 week highs to lows within a week.

However, the latest news from Wall Street, that Goldman Sachs beat estimates this quarter, comes as a boost to all commodities. Not because it’s finally good news from the investment banking world, or the banking world in general. But because the reports say that Goldman has had better than average returns in the commodities world or it’s investments.

To some this may seem obvious. Oil is up, way up, and buying things like gold and silver is just safe plays on a weak dollar and a strong commodities market. Traders don’t even have to buy just mining companies. They can get in by investing in silver ETFs like SLV.

But to others, just jumping on the bandwagon, it’s not that obvious and can still be a strong play in their investment portfolio, even in this run-up. As Blog Silver has said before, the demand is high and people are hesitant to dump their money into a volatile stock market. So they go looking for safer investments. Safer investments like gold and silver ETFs that can get large boosts from earnings reports that boast about commodities earnings.

Filed Under: Buying Silver, Wall Street News Tagged With: Buying Silver, Commodities, Dollar, Earnings, ETF, Gold, Goldman Sachs, SLV

Buying Silver as Oil Rises

June 12, 2008 By evossman 3 Comments

Some may think that buying gold and silver right now is crazy. You may think that the markets are possibly on a turnaround and the dollar isn’t doing so bad. Buying precious metals at a high point would be crazy.

But what about the rest of commodities around the world? And better yet, the worlds use of those commodities.

It’s increasing, and increasing at a huge rate. China and India, named way too many times to count in this blog and similar financial blogs, are all about buying the commodities that China and India are buying and need to survive. Some of those commodities are gold and silver, which you may want to consider buying.

Buying silver now may not be the worst idea. Oil is on the rise, stocks are chaotic at best, and the dollar, although rebounding on news that the fed is done lowering rates, is still not as nearly as strong as it’s closest rivals. You need to consider the rest of the market, not just those historical indicators of the price of silver.

There are a ton more investors in the game now and with Silver ETFs gaining popularity along with all the other sector ETFs out there, you may want to think about getting into silver right now.

Filed Under: Buying Silver Tagged With: Buying Silver, China, Commodities, Dollar, ETF, Gold, India, Oil, Precious Metals

Are You Investing in Silver Now?

April 25, 2008 By evossman 1 Comment

The stock market is rebounding, the dollar is showing signs of strengthening, and banks may be doing a little better. A little. So should you be taking your money out of commodities like silver and gold?

The recent drop on silver prices may be a little premature but everyone new it was going to happen sooner or later. There wasn’t really a huge drop in production or spike in demand because of some discover about silver. It was a run up because the price of most commodities was increasing such as oil and especially gold.

So is this run-up done? Well that depends on a few things. Sure there will be price increases based on the economies emotion to financial news. But if you believe what many feel, that the huge growth in countries like China and India will keep demand on all the worlds resources, including silver, then investing in silver is still a smart bet for the long term.

Buying silver bullion isn’t your only option and may not even be the best one because of the tax implications of owning it. You may be better off buying ETF’s like iShares SLV Silver Trust ETF. You can trade it easily online and can hold it for the long term and take advantage of lower taxes should the price of silver keep increasing.

So that begs the question of Blog Silvers readers. Are you still investing in silver?

Filed Under: Silver Investing Tagged With: Buying Silver, China, Dollar, ETF, Gold, Investing in Silver, Precious Metals, SLV, Stock Market

Silver Retreats After Good Finish on Wall Street

April 19, 2008 By evossman Leave a Comment

The dollar inched higher against the Japanese Yen, low against all things European, and the stock market jumped on good earnings by Google. All this spelled a bad two days for gold and silver.

Silver was down nearly a dollar after showing signs of regaining those highs seen over the last few months. However, with the Stock Market looking like it may not be the abiss that many thought it was, we may just see a slowdown in precious metals purchasing leading to lower prices.

Is the commodiites run over? What’s your opinion? I can’t see that happening with the expansion everywhere in the world, the need for silver in industrial processes, and comments like these comments on blog silver how can there be a retreat in prices. There may be a dip but probably not a retreat.

Filed Under: Silver Prices Tagged With: Dollar, Euro, Gold, Inflation, Japanese Yen, Precious Metals, Price of Silver