Archive through June 01, 2005

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archer

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Post Number: 489
Registered: 11-2002

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Friday, February 11, 2005 - 02:14 pm:

I like it---I like it a lot!!!
sil

rederob

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Post Number: 605
Registered: 10-2002

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Friday, February 11, 2005 - 08:42 pm:

Archer
We need follow through tonight over $7 to set off more stop-loss buys.
Today's gains were not pared, so we could get lucky.
Despite what some of the bears suggest, silver's upside surges are extremely powerful and need not be tied to gold's stodgy movements.
I note also that some good physical offtake has supported silver's rise.
A retest of $8 before June is on the cards.

archer

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Post Number: 490
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Saturday, February 12, 2005 - 10:41 am:

Request granted rederob
sil

rederob

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Post Number: 609
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Saturday, February 12, 2005 - 10:45 am:

that's one neat uptrend, archer
we need to take out $7 as resistence now, and turn it into support
then the run to over $8 is absolute

rederob

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Post Number: 622
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Sunday, February 20, 2005 - 08:22 am:

greatdane

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Post Number: 168
Registered: 12-2002

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Wednesday, March 02, 2005 - 03:09 pm:

MARKET TALK: Go Long Silver, May Top $8 Soon - Analyst 02/03/05 15:18:00

0418 GMT [Dow Jones] Metals analyst with big Japanese trading house expects silver to top $8 in one month; says silver viewed as both precious and industrial metal, so being bought on recent gains in both gold, copper. Silver now quoted at $7.195/oz, up from around $7.18 overnight in NY.(JSH)

Contact us in Singapore. 65 64154 140;
MarketTalk@dowjones.com
(END) Dow Jones Newswires
02-03-05 0418GMT(AP-DJ-03-02-05 0418GMT)
-------------------------------------------------------
Robert, your comments please.

Regards, GreatDane

rederob

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Post Number: 648
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Wednesday, March 02, 2005 - 04:39 pm:

greatdane
I agree with sentiment of article, but $8 in one may is possibly a little too soon.
The greenback has a bit more upside (miniscule in my book) that will keep silver and gold pegged lower for the next month.
However, after US reporting season is worn out and the analysts work out there is not much left in US equities, I see the funds pouring into ALL metals with wallets open.
Could be closer to May/June for $8 to be broken, but I also believe $10 is on the cards before year's end.
Then again, being bullish is not always a good basis for forecasting - a coin toss may be as good.

cragga

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Post Number: 2
Registered: 09-2003

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Wednesday, March 02, 2005 - 07:13 pm:

Greetings All,

You've got a great thread going here.

I've been following the silver story for some time now and am getting keen to take some positions in "real" silver and some of the silver stocks. I'm in New Zealand and have been talking with a company Commonwealth Precious Metals about investing/trading silver with them. Do any of you guys know about them? Can you suggest an alternative safe way to gain exposure to silver without being left holding some worthless paper in the future (although CPM assures me this wil not happen). It seems its expensive to actually take delivery of the silver in NZ, well in the smaller quantities I'd be looking at at this stage. Any advice esp from someone in NZ with exp trading silver/precious metals would be great.

Cheers, Cragga.

greatdane

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Post Number: 170
Registered: 12-2002

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Thursday, March 03, 2005 - 09:35 am:

Cragga,
Have a look at Perth Mint's certificate program for precious metals.

Poke around this site and download the “The Client Information Packages” for further details.

http://www.perthmint.com.au/gc/depository/depository_layout.asp?url=22

Some of the benefits of ‘unallocated’ are that you do not pay the premium for manufacture into bars, no storage cost and no insurance fees.
The Perth Mint Certificate program is operated by Gold Corporation which is wholly owned by the WA Government.

Disclosure:
I have investments in unallocated silver in the above program.

Regards, GreatDane

archer

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Post Number: 527
Registered: 11-2002

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Tuesday, March 15, 2005 - 08:16 am:

Mexico Mulls Silver Lining Against Currency Crash
By Pav Jordan
MEXICO CITY (Reuters) - An influential Mexican businessman wants to reintroduce silver coins as legal currency -- as in Mexico's 16th century heyday -- and, far-fetched as it may sound, the idea is winning support.

The Senate has already passed the initiative, and the lower house is expected to vote soon on the bill, which has struck a nerve in a country where decades of financial crisis have fomented a deep distrust of paper currency.

The central bank opposes the plan as anachronistic.

Hugo Salinas Price, founder of the specialty retailer Elektra, says silver could be the shield to protect Mexicans' savings from another currency collapse.

"The idea was born from the need to protect the currency," said Price, whose son, Ricardo Salinas, is chief executive of Mexico's No. 2 broadcaster, TV Azteca.

Mexico's peso is stable now, and has actually strengthened of late, but fear of currency collapse is etched deep in the Mexican psyche after previous financial crises.

Mexico was a top supplier of silver coins during the colonial era, when they were significant components of the Spanish and British treasuries. The minting of coins in the New World began in 1535 in Mexico City.

NO NOMINAL VALUE

According to Price and advocate lawmakers interviewed by Reuters, the new coins would be valued according to the price of silver as a commodity, with the central bank, Banco de Mexico, managing coinage and charging a 10 percent seigniorage.

The 1-ounce silver coin, called the Libertad (Liberty), would have no nominal value engraved upon it, and would circulate alongside the conventional peso currency. Its worth would be stated daily in a central bank quote.

http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=7885125

greatdane

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Post Number: 177
Registered: 12-2002

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Wednesday, April 06, 2005 - 11:21 am:

MARKET TALK: Silver Expected To Hold Narrow Range 06/04/05 10:49:00

0049 GMT [Dow Jones] Spot silver last $7.02/oz, effectively unchanged on Comex close after dealer buying helped move prices up slightly overnight, supported by
FX movements. Range trading order of day, unless USD or gold say otherwise, according to analysts, traders. ScotiaMocatta views scale down support from $6.95 to 200-day moving average $6.85; resistance $7.10-$7.20. (JAD)

Contact us in Singapore. 65 64154 140;
MarketTalk@dowjones.com

Regards, GreatDane

greatdane

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Post Number: 179
Registered: 12-2002

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Wednesday, April 06, 2005 - 04:05 pm:

MARKET TALK: Silver Holding Above $7 In Lackluster Trading 06/04/05 15:27:00

0527 GMT [Dow Jones] Spot silver last $7.05/oz, up just 2 cents on Comex close. White metal holding above $7 in recent sessions after following gold down as low as $6.82 last week. For now trading lackluster, with price-sensitive physical buyers pouncing on dips to $7; selling to gather steam around $7.25.
Narrow trading expected to continue in coming sessions with further FX cues likely next week on FOMC meeting minutes, U.S. Treasury statement.(JAD)

Regards, GreatDane

archer

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Post Number: 601
Registered: 11-2002

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Thursday, April 21, 2005 - 01:11 pm:

More uses for Silver
http://w5d2.ccnmatthews.com/scripts/ccn-release.pl?/current/0420065n.html
http://www.ameinfo.com/57925.html

susieq

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Post Number: 384
Registered: 12-2002

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Thursday, April 21, 2005 - 11:06 pm:

Hi all

There has been a MACD divergence on MMN for some time now. Price tried very hard to break the strong down trend line today but the bulls were rebuffed and the bears held sway. On the daily chart the bears are still in control but when you look at the weekly it has been a strong push upwards and a clear break of the downtrend. Like to see how it finishes up tomorrow and then next week before splurging any cash.

One for the watchlist, as often MACD divergences are very good indicators of a coming change in direction. Remember BPC?

There are going to be very few longs worth considering for a while yet and this maybe one to keep an eye on, even if it is going against the current market trend, there will be always be a few stocks that do that

SusieQ

smallworld

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Post Number: 219
Registered: 01-2004

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Thursday, April 21, 2005 - 11:35 pm: