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Friday, February 18, 2011

Silver price at a 30 years high

Silver Maple Leaf coin bullion
The price of an ounce of silver reached a thirty years high on the international markets today. The metal for delivery in March 'jumped to $ 32.66 an ounce at the Comex in New York The highest since 1980 ,the demand for silver also is the highest of all time, and is expected to continue to grow. Silver which is also an industrial metal is used for industrial purposes such as the production of solar panels and medical equipment. Analysts expect further price increase . There are rumors (but lacking official confirmation) that trade is concentrated in "strong hands" of the institutional players, and it would be advisable for retail investors to wait for a bearish correction.
In the past year alone the price has increased from 16.82 (closing of 31.12.2009) to 30.83 (closed 31.12.2010) an increase of 83.29% on an annual basis.

The statistics contained in the Silver Yearbook in 2009 indicate that the metal has attracted net investments of 209.7 million ounces, a number exceeded only in 1980, when it reached 222.2 million ounces, and also estimated in 1968, with 226 million. In 2010, CPM Group forecasts that it will reach 213.9 million, with a significant contribution from numismatics. In 2009, sales of silver reached a record high (35 million ounces) in January and the application of an ounce coins minted by the U.S. Mint was the highest since 1987.

Gold Prices More Likely to Rise Than Fall says Nick Holland,

Nick Holland, chief executive officer of Gold Fields Ltd., talks about the outlook for the price of gold.He speaks with Maryam Nemazee on Bloomberg Television's "The Pulse." (Source: Bloomberg)

Silver price at a New Thirty Year high

NEW YORK (TheStreet) - - Silver's lower cost makes it easier to trade than gold, causing higher pirces and more activity says Lou Grasso of Millenium Futures

Lou is up about eighty dollars so was up about five dollars that five dollars represents almost 20% increase in silver. In the last two and a half weeks. Over that you know this -- because a lot easier for the involve markets cheaper. It's much easier I just discuss with somebody your friend of mine the other day want to get involved -- And I -- god one day a week don't go off to dinner to go out four days a week. Or four days a month. One day don't go out take that hundred dollars a 150 dollars by four -- five points with -- and in the long run you'll build a big decision and of silver goes up that's greatly you've got a nice investment. It's -- goes down do we just gonna wasted on dinner ready .....

Gold at a 5 Week high

Feb. 17 2011 | 2010 was the year for gold, but Erik Wytenus, Executive Director & Head of Commodities at J.P. Morgan Private Bank says 2011 will be the year for oil. He tells CNBC's Oriel Morrison why.

Outlook on Gold, with Richard Adkerson,

Feb. 18 2011 | An outlook on gold, with Richard Adkerson, Freeport McMoran Copper & Gold CEO.

Bob Chapman QE3 coming Inflation will skyrocket

Bob Chapman  on FFw/JB Radio Show (2/17/2011)

Bob Chapman , The International Forecaster discussed various issues during the first hour of the Thursday February 17, 2011 episode of the Freedom Files with James Burns Radio Show.

Bob Chapman - Gold 8000 and JPM - 02/2011

Bob Chapman - A Marines Disquisition: - Gold 8000 and JPM - 02/2011

AngloGold all set for vigorous unhedged new-era liftoff

South Africa's gold major AngloGold Ashanti is set for a vigorous hedge-free liftoff into a new era that will see it generate billions of dollars of free cash flow, jack up its output well beyond the 4,5-million ounces of gold a year and bring self-discovered low-cost ounces to market at a time of bullish gold price outlook.