wayneL
VIVA LA LIBERTAD, CARAJO!
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Re: SILVER
Red,
Just noticed your software there..
Du bist Deutch?
Red,
Just noticed your software there..
Du bist Deutch?
Silver price discussion and analysis
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Re: SILVER
Please don't mention the war.
JÃ¥?
WaynewayneL said:
Please don't mention the war.
JÃ¥?
michael_selway
Coal & Phosphate, thats it!
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Re: SILVER
Silver has encountered the first point of resistance in its counter trend rally.
I bought Silver CFD's at 10.03 and sold them last night at 11.45.
It will likely test support levels in the 10.70(?) region, build a base and have another crack breaking through 11.60.
Silver has encountered the first point of resistance in its counter trend rally.
I bought Silver CFD's at 10.03 and sold them last night at 11.45.
It will likely test support levels in the 10.70(?) region, build a base and have another crack breaking through 11.60.
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Re: SILVER
But it is not dead.
$12 reclaimed overnight after a rapid recovery this week.
MMN's rise in price astonishingly was in advance of these moves in silver prices.
This is the strong time for precious metals and the next 6 months will likely see new highs for both silver and gold.
Silver did fall off its perch.rederob said:
But it is not dead.
$12 reclaimed overnight after a rapid recovery this week.
MMN's rise in price astonishingly was in advance of these moves in silver prices.
This is the strong time for precious metals and the next 6 months will likely see new highs for both silver and gold.
Sean K
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Re: SILVER
Hi Rederob,
MMN has recovered ok with the POS over the past few weeks. Looks like an upward trend although not convincing yet. Broke through .35c but stalled slightly yesterday. Next resistance .40c.
I have silver down slightly at $12.08 atm, but up on yesterday I think. Hopefully this up trend continues. Looking forward to the next reports out of Texas.
Hi Rederob,
MMN has recovered ok with the POS over the past few weeks. Looks like an upward trend although not convincing yet. Broke through .35c but stalled slightly yesterday. Next resistance .40c.
I have silver down slightly at $12.08 atm, but up on yesterday I think. Hopefully this up trend continues. Looking forward to the next reports out of Texas.
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Sean K
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Re: SILVER
Gaining momentum
0102 GMT [Dow Jones] Silver's recent steady gains, technical momentum indicators suggest it's on track for $12.60 area, say analysts. "I will look for scale-up selling from $12.40 up to $12.90 and on the lower end, buying from $11.85 down to $11.35," says ScotiaMocatta analyst in technical note. Currently $12.06/oz, down 14 cents vs NY close, in line with modest gold, EUR/USD retreat, after peaking at $12.24 overnight, highest since early June, spurred by USD weakness, crude oil rise, Mideast tensions. Breach of $12 also triggered stops, exacerbating gains in relatively low volumes. (JAD)
Gaining momentum
0102 GMT [Dow Jones] Silver's recent steady gains, technical momentum indicators suggest it's on track for $12.60 area, say analysts. "I will look for scale-up selling from $12.40 up to $12.90 and on the lower end, buying from $11.85 down to $11.35," says ScotiaMocatta analyst in technical note. Currently $12.06/oz, down 14 cents vs NY close, in line with modest gold, EUR/USD retreat, after peaking at $12.24 overnight, highest since early June, spurred by USD weakness, crude oil rise, Mideast tensions. Breach of $12 also triggered stops, exacerbating gains in relatively low volumes. (JAD)
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Re: SILVER
kennas
From September precious metals are purchased in advance of Xmas jewellery demand, so physical offtake ratchets up metal prices.
Around the same time hurricanes storm into the Gulf of Mexico: Oil prices rise and gold is carried higher.
Base metals perk up from September because northern summer holidays and closures come to an end and its full steam ahead on the business/industrial production front.
This concurrence of events fuels prices that might otherwise lag or fall, so even out of favour metals can get dragged north.
I see oil prices as the key to unlocking all the metals from their consolidatory price range: And I see the continuing spectre of demand unsatisfied.
All this bodes extremely well.
For the naysayers, I can only ask that they watch these scenarios play out.
And they may then wonder where they read it all before!
kennas
From September precious metals are purchased in advance of Xmas jewellery demand, so physical offtake ratchets up metal prices.
Around the same time hurricanes storm into the Gulf of Mexico: Oil prices rise and gold is carried higher.
Base metals perk up from September because northern summer holidays and closures come to an end and its full steam ahead on the business/industrial production front.
This concurrence of events fuels prices that might otherwise lag or fall, so even out of favour metals can get dragged north.
I see oil prices as the key to unlocking all the metals from their consolidatory price range: And I see the continuing spectre of demand unsatisfied.
All this bodes extremely well.
For the naysayers, I can only ask that they watch these scenarios play out.
And they may then wonder where they read it all before!
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michael_selway
Coal & Phosphate, thats it!
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Re: SILVER
Hi Red, before MMN, what other silver specialist producers are there?
thx
MS
rederob said:
Hi Red, before MMN, what other silver specialist producers are there?
thx
MS
Re: SILVER
Bolnisi gold should be producing by the end of the year or early next year in Mexico. www.bolnisigold.com.au is their website.
Bolnisi gold should be producing by the end of the year or early next year in Mexico. www.bolnisigold.com.au is their website.
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Re: SILVER
I think MMN will be the only dedicated silver producer in OZ.
As subi1 points out, there are listed equities in Oz that have great silver exposure, and Bolnisi is definitely one.
BHP is the largest single miner of silver, at Cannington (Qld).
I recall Kingsgate mined good quantities of silver with its gold, but "recovered" only a small proportion of what was mined.
I believe the silver chart now speaks for itself: $12 seems strong support, and upside to new highs in 2007 seems a very probable event.
My forecast for silver is that it will open into 2008 above $15, which is only a modest 25% increase from this year's entry price.
I tend to err with my forecasts, usually them being too low.
MSmichael_selway said:
I think MMN will be the only dedicated silver producer in OZ.
As subi1 points out, there are listed equities in Oz that have great silver exposure, and Bolnisi is definitely one.
BHP is the largest single miner of silver, at Cannington (Qld).
I recall Kingsgate mined good quantities of silver with its gold, but "recovered" only a small proportion of what was mined.
I believe the silver chart now speaks for itself: $12 seems strong support, and upside to new highs in 2007 seems a very probable event.
My forecast for silver is that it will open into 2008 above $15, which is only a modest 25% increase from this year's entry price.
I tend to err with my forecasts, usually them being too low.
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Re: SILVER
Silver is also a byproduct of other mining companies. For example, Zinifex produces enough gold and silver at Rosebery (primarily a zinc mine that also produces lead and copper concentrates on site) to warrant recovering it and melting it down on site.rederob said:
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Re: SILVER
WMT used to have good stuff in TAS as well. The operation would be costly and smelly would it not?
Smurf1976 said:Silver is also a byproduct of other mining companies. For example, Zinifex produces enough gold and silver at Rosebery (primarily a zinc mine that also produces lead and copper concentrates on site) to warrant recovering it and melting it down on site.
WMT used to have good stuff in TAS as well. The operation would be costly and smelly would it not?
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wayneL
VIVA LA LIBERTAD, CARAJO!
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Re: SILVER
I reckon it wants uppage. But I think most would think the same. Which perversely, could be bearish.
Disclaimer: Long PAAS
NASDAQ)
All it says is it's at the former high. What it does next might have a lot more to "say".rederob said:
I reckon it wants uppage. But I think most would think the same. Which perversely, could be bearish.
Disclaimer: Long PAAS
NASDAQ)
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Re: SILVER
I won't post the 5 year chart.
The long term uptrend is now supported by a recent series of higher lows.
The POS/POG ratio continues to rise.
POG and POS trend, and so does POO and POG: POO has fallen back considerably, while POG has been consolidating and climbing slowly.
Any sustained upward move in POO will carry into POG.
In the next 2 years unless there is a replacement for oil as an energy source, POO should be trading above $100/bbl.
My time frame is longer than that, so any perversely bearish near term dip in POG won't be too much of a worry.
I left out the impact of a weakening greenback, which continues to underpin gold's overall uptrend.
I hope to be talking to ducati in another thread later this year.
WaynewayneL said:All it says is it's at the former high. What it does next might have a lot more to "say".
I reckon it wants uppage. But I think most would think the same. Which perversely, could be bearish.
Disclaimer: Long PAAS
I won't post the 5 year chart.
The long term uptrend is now supported by a recent series of higher lows.
The POS/POG ratio continues to rise.
POG and POS trend, and so does POO and POG: POO has fallen back considerably, while POG has been consolidating and climbing slowly.
Any sustained upward move in POO will carry into POG.
In the next 2 years unless there is a replacement for oil as an energy source, POO should be trading above $100/bbl.
My time frame is longer than that, so any perversely bearish near term dip in POG won't be too much of a worry.
I left out the impact of a weakening greenback, which continues to underpin gold's overall uptrend.
I hope to be talking to ducati in another thread later this year.
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