Archive through January 30, 2006

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kate

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Post Number: 144
Registered: 04-2005

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Saturday, October 08, 2005 - 07:50 am:

Rederob,
BSG

http://www1.bolnisigold.com.au/content.asp?ID=320&CAT=1

archer

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Post Number: 1019
Registered: 11-2002

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Saturday, October 08, 2005 - 11:20 am:

Rederob
The Barclays Silver ETF is currently under review and if
approved Barclays need to have a LARGE amount of physical
silver on hand before the fund can start trading
How much silver do they need???
Try the entire content of the comex warehouse
About 130 million oz

archer

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Post Number: 1026
Registered: 11-2002

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Monday, October 10, 2005 - 10:48 am:

Has moved nicely since the patented and copyrighted{;->
Arnie buy signal with the options up 50%
Golden cross coming up on the MAs??
mmn

rederob

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Post Number: 1549
Registered: 10-2002

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Monday, October 10, 2005 - 04:43 pm:

archer
POS has had an excellent day, rising consistently.
Maybe Barclay's ETF are buying slowly from everywhere to get it up and running.
Pretty good sign tho given the merikan market is yet to kick in.
Let's see if there is some follow thru - POS trading at $7.76 in Europe as this post goes to site.

greatdane

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Post Number: 201
Registered: 12-2002

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Monday, October 10, 2005 - 07:08 pm:

Silver's looking better and better to analysts
Dorothy Kosich 10-OCT-05 04:00

RENO--(Mineweb.com) While gold and copper are commanding the lion's share of attention as commodities and metals prices hit record highs, better keep an eye on that upstart silver.
Thanks to high oil prices and currency valuation concerns, there is a new and growing audience of institutional investors and the general public who are holding some form of gold investment. Nevertheless, expanding investment demand and new industrial and medical uses are making silver shine.
Nevertheless, would-be silver investors find their choices limited to a small and highly specialized group of metal and mineral investment alternatives, including silver bullion (physical metals, options or futures), or in a handful of primary silver producers, and/or a small but growing number of silver exploration stocks.
Last month, RBC Capital Markets initiated coverage on a small group of silver companies and silver exploration juniors. In a recently published analysis, RBC Analyst Michael Curran and Associate Ryan Dolan explained that silver equities "are highly correlated with spot silver prices, and often show enhanced leverage when movements in equity prices can be significantly greater than the movement in underlying commodity prices."
Curran and Dolan declared they have a "short-term bullish outlook on silver," forecasting that silver prices will average $7 per ounce this year and rise to an average of $7.25 ounce next year. While RBC is bullish on the fundamentals of silver for the next few years, "new and significant demand uses would be needed" to bolster silver prices over $8/oz for a prolonged period, they asserted.
"We see opportunity for renewed strength in silver prices as aboveground stockpiles, which have been eroded significantly over the past decade, struggling to keep pace with excess global demand (over new mine supply)." RBC also cites prospects for new demand usage, potential for a recovery in silver jewelry demand, and possible SEC approval of silver ETFs.
Barclays Bank is seeking SEC approval to begin a new exchange-traded fund, iShares Silver Trust. Each ETF unit would represent 10 ounces of silver, which would be backed by silver bullion. Purchases and sales of silver to and from the fund would be made in baskets of 500,000 ounces or units of 50,000 iShares, according to Currie and Dolan.
The silver ETF is similar in concept to the Gold ETF, which has been a resounding success in major world markets as a new investment tool. If approved, the silver ETF is anticipated to expand the liquidity of investments in silver, which possesses more volatility than gold at this point. However, Curran and Dolan remain skeptical that the commodity-backed ETFs will not cannibalize investment interest in purchasing gold or silver mining stocks.
The analysts favor Idaho-based silver producer Hecla Mining and explorationist Western Silver Corp. RBC has also initiated coverage on Coeur d'Alene Mines, Pan American Silver, and Silver Wheaton.
Long-time silver analyst and newsletter publisher David Morgan suggested silver may break through the $8 per ounce level. "Silver has already made a break through the $8 level twice," he wrote in the most recent edition of the Silver Investor Newsletter.
Morgan explained that concerns about oil supplies and debasement of the world's reserve currency has convinced more institutional investors and the general public to invest in precious metals. "Since silver is such a small market, the potential for gains is very significant and this will be realized over the next few years," he wrote.
Although China has historically been a silver exporter, Morgan suggested that as the nation embraces high technology and industrial growth, silver may be in such high demand that "China may not sell any silver from this point forward."
In a presentation last month to the Silver Summit and in the most recent edition of his newsletter, Morgan also forecast a growing demand for silver to be utilized in the Radio Frequency Identification chip (RFID). Morgan wrote, "Our sources indicated that by 2008 about 100 billion RFIDs will be produced on an annual basis. This would produce a consumption rate of over 30 million ounces of silver annually, and most of this silver would end up in waste dumps. This is greater than the amount of silver that will be produced by San Cristobal, Apex's larger zinc/silver mine."
Systems using the RFID tracking chip are anticipated to be used in retail stories and warehouses.
Like Morgan, RBC's analysts have also noted the growing use of silver in many electrical applications, in electronics and other industrial uses, and in medicine and public health. At the Silver Summit, Morgan forecast a potential 80 million-ounce silver demand for wood preservation, 50-million ounces of demand for superconductivity use, and millions of ounces in possible demand for silver in defense weaponry systems. Overall, Morgan believes these uses will require a 20% increase in current annual silver demand.
Despite these industrial and medical applications, RBC Capital has tracked what they believe is a "strong recent correlation between silver and gold (+80%)," which suggests that "investors still consider silver mainly as a precious metal."
Curran and Dolan asserted that silver equities will behave "similar to other commodity groups whereby new discoveries, and resource and reserve additions are viewed as value-creating events. ...Acquisitions and successful growth may also create value through multiple expansion." They discovered that "there has been a significant increase in the trading of silver futures on the COMEX" where silver contracts have ranged from a low of just under 10,000 to a high of almost 90,000 contracts.
Roger Wiegand, analyst and editor of the newsletter Trader Tracks, specializes in futures and commodities. Wiegand believes that--"with silver's buying power for now, and the gentle rally pattern, we expect a smooth rise to our goal of $9.75-$10.50" per ounce. He also noted that silver "has an open interest of over 97,000 December contracts." Wiegand has been regularly tracking Silver Standard, Coeur d'Alene and Silver Wheaton in his Top Ten Stocks.

http://icms.iac.iafrica.com/pls/cms/iac.page?p_t1=1327&p_t2=3106&p_t3=0&p_t4=0&p _dynamic=YP&p_content_id=499622&p_site_id=73

Regards, GreatDane

rederob

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Post Number: 1554
Registered: 10-2002

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Tuesday, October 11, 2005 - 07:38 am:

Silver begins Tuesday trade at US$7.77 after a peaking in Europe at $7.84 and in the US at $7.83
In AUD terms we kick off Tuesday with POS at $10.23
I expect the precious metals sector to have a steady day today, but not overly strong as the reality of continuing price rises takes a grip.

archer

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Post Number: 1091
Registered: 11-2002

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Thursday, November 03, 2005 - 12:47 pm:

There has been increased interest lately in what is about to
become Australias only primary silver producer
Even the 2 decent down days for the silver price earlier in
the week didnt bother MMN with volume increasing markedly
in the last 4 weeks.TMF very promising as is OBV
Is it the impending stage 2 break attracting attention or is a big silver price move coming ???
Weekly with WMA cross
Is the 34WEMA cross giving the same early warning it gave
in Jan 02 and Aug 03
Stay tuned
mmn

eblode

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Post Number: 148
Registered: 11-2002

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Friday, November 04, 2005 - 07:51 am:

Archer,
With the mountain of broken hearted disappointed shareholders behind MMN waiting to sell out it will be a long struggle to reach 20. Only true believers are in it.

Eugenio

archer

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Post Number: 1093
Registered: 11-2002

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Friday, November 04, 2005 - 08:42 am:

Thats the way bull markets work eblode
They climb the wall of worry and despair
The mountain of brokenhearted shareholders are being
bought out as we speak as shown by the increased volume
"The best time to buy a mining stock is just before it goes into production"
I forget who wrote that but its proving true again

greatdane

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Post Number: 202
Registered: 12-2002

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Tuesday, November 08, 2005 - 11:21 pm:

If the recent trend in the POS is in part due to the potential creation of a Silver exchange-traded fund, it will be interesting the watch the POS if the fund fail to get off the ground.

The following comment is interesting and the POS could get real legs if the ETF get going.

"If the silver ETF sees just half the interest the gold ETFs received, there won't be enough silver to back the fund, so I doubt it's going to take place," said Morgan, the Silver Investor newsletter editor.

Any views or comments?
=======================
Full story:

ETF INVESTING: Proposed Silver-ETF Draws Opposition
November 7, 2005 By John Spence BOSTON (Dow Jones) --

A group representing companies that use silver for industrial purposes is seeking to block the launch of an exchange-traded fund tied to the precious metal, leading some observers to question whether federal regulators will approve the proposal.
The Silver Users Association, a nonprofit lobby group interested in keeping an orderly silver market, has asked the Securities and Exchange Commission to deny an ETF currently in registration from investment manager Barclays Global Investors.
The organization says a silver ETF would create a price squeeze in the metal because the fund would have to buy a large amount of silver to back the fund's shares prior to the launch.
BGI spokesman Lance Berg declined to comment about the silver offering, citing the "quiet period" while the fund is in registration, implying the SEC hasn't slammed the door on the ETF yet.
Still, with all the controversy swirling over the silver ETF, some see the launch in doubt.
"I don't think the silver ETF will be released because the supply is too thin," said David Morgan, editor of the Silver Investor newsletter.
When BGI first filed its silver ETF in June, many expected a speedy approval process from the SEC because the fund was structured similarly to a pair of existing gold ETFs: StreetTracks Gold Trust (GLD) and iShares Comex Gold Trust (IAU), which BGI also manages.
The gold ETFs, which hold about $3.4 billion in assets between them, allow investors to buy shares that represent a tenth of an ounce of gold held in a vault. The funds are seen as a convenient, low-cost way for investors to sidestep the costs of buying and storing bullion.
The silver users' group says it's concerned that a silver ETF -- if it became as popular as the gold funds -- would increase the silver market's volatility and drive up prices.
Not everyone agrees. Ross Norman, a director at TheBullionDesk.com, a London-based precious metals research firm, said a silver ETF would bring more liquidity to the silver market. He noted that the two gold ETFs didn't roil markets when their sponsors accumulated bullion prior to the launches.
But the Silver Users Association says the silver market isn't as deep as the gold market.
"A silver ETF would only exaggerate silver's illiquidity given the sheer volume of physical silver needed to be shipped and stored," the group said in its letter to the SEC.
Industry observers say companies that use silver for industrial purposes, along with silver miners, are lobbying in Washington against the silver ETF.
"My understanding is the SUA has effectively blocked the silver ETF at the SEC," said James Pacetti, president of New York-based consultant ETF International. The SEC as a rule does not comment on financial products in registration.
"The silver mining companies don't want a silver ETF because it may create less demand for their stock, since investors would rather have a pure play on the metal rather than buying mining companies," Pacetti added.
Others say the mining companies would benefit if a silver ETF bolsters demand for the metal and pushes prices -- and profits -- higher. The Silver Institute, an international association of miners, refiners, fabricators and wholesalers of silver, declined to comment on the silver ETF.
But in a conference call with brokerage analysts last week to discuss his company's quarterly results, Pan American Silver Corp. (PAAS) Chairman Ross Beaty disagreed with the SUA's claim that a silver ETF would stretch liquidity.
Calling the SUA's position "just plain wrong," Beaty said a silver ETF could provide a useful service for investors, adding that he doesn't believe it would trigger liquidity problems in the silver market.
The SUA says part of its mission is to keep silver prices low and keep the metal readily available for users. The association's members include jeweler Tiffany & Co. (TIF), photographic equipment maker Eastman Kodak Co. (EK) and chemical giants Dow Chemical Co. (DOW) and DuPont (DD).
Silver users would bear the brunt of higher prices, the organization says. The group adds that a silver ETF "could have a negative impact on silver-industry specific employment as well as the overall economy, both through job losses and inflation."
Founded in 1947, the Silver Users Association, the only one of its kind for a commodity, has a long activist tradition. Although it's unclear whether the organization can successfully block the launch of BGI's silver fund, some analysts are skeptical about the ETF's future.
"If the silver ETF sees just half the interest the gold ETFs received, there won't be enough silver to back the fund, so I doubt it's going to take place," said Morgan, the Silver Investor newsletter editor.
http://www.smartmoney.com/bn/on/index.cfm?story=ON-20051107-000549-1238&adsectio n=earningscenter&nav=earnings_hp

Regards, GreatDane

greatdane

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Post Number: 204
Registered: 12-2002

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Tuesday, November 15, 2005 - 08:29 pm:

Shine On by Charles Mackay, Wednesday November 09 2005

The Silver Users Association should not stop the new exchange traded fund for silver bullion from launching.

The Wall Street Journal and Marketwatch.Com did not see, ahem, any silver lining in the dark cloud that the SUA (Silver Users Association) cast over the SEC registration of a new silver ETF (exchange traded fund). Earlier this week, the WSJ and MW quoted a letter from the SUA to the Securities and Exchange Commission. The nonprofit silver industry group asked the SEC to stop the registration of iShares Silver Trust. The silver trust, another in a series of ETFs and bullion trusts from Barclays Global Investors, planned to own 99.9% pure silver bullion and to store it in London. The prospective symbol of the trust is SLV, and it is expected to trade on the American Stock Exchange following approval by the SEC.

Some industry analysts fear that the SUA is justified in warning of a future silver shortage - starting with the operations of the silver trust. While a shortage may indeed come to pass, the SUA has no legal standing to restrain trade in silver - or to interfere in the securities registration of SLV.

The SEC has set a precedent by previously approving a similarly structured grantor trust for gold bullion. The SEC acknowledges that these types of trusts are not regulated investment companies - and are therefore not subject to any special regulation by the SEC. SLV also believes that its operations are not subject to regulation by the CFTC (Commodity Futures Trading Commission), since they involve the purchase of bullion and not the trading of futures contracts.

While the SEC may invalidate a registration for accounting and technical problems, and still could possibly find some defects in the SLV registration, it does not appear to have the authority to halt a registration based on hypothetical future market conditions. The SEC industry classification of SLV is indistinctive. Grouped with other 'Gold and Silver Ores' companies - it has the same classification used for gold bullion trusts and precious metal mining companies.

The SEC must ignore the attempts by silver users to impede fair trade, and let the light of free markets shine on the silver ETF.

http://wallstreetexaminer.com/nucleus/plugins/print/print.php?itemid=1665

As posted on HC by yttrium

Regards, GreatDane

archer

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Post Number: 1158
Registered: 11-2002

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Tuesday, November 29, 2005 - 11:40 am:

Silver Special Report
http://www.kitco.com/ind/lee/nov222005.html

vermante

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Post Number: 508
Registered: 11-2002

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Friday, December 02, 2005 - 03:46 pm:

It might surprise a few that-:

BHP was the top Silver producer in 2004 -1545.8Mozs .

Source- Silver Institute- Oct 2005

Cheers

Vermante