follow us like us subscribe contact us
Loading, please wait

Metals / Silver

  • Don't Miss the Big Show in Silver

    Those transfixed by gold blasting through the $1,750 level have been missing the real action in silver. The white metal has soared 34% to $34 since the beginning of the year, compared to only a 14% move for the barbaric relic, an outperformance of 2.4 to one. I have been a raging bull on the precious metals space since early August. Silver gives you additional diversification into the space with that extra bit of spice on the volatility side.It is nothing less than owning gold with a turbocharger. Silver gives you a nice double play. Its qualities as a precious…

  • Revisiting the First Silver Bubble

    With silver back in the headlines, I thought I'd touch base with a wizened and grizzled old veteran who still remembers the last time the biggest bubble in history popped for the white metal. That would be Mike Robertson, who runs Robertson Wealth Management, one of the largest and most successful registered investment advisors in the country. Mike is the last surviving silver broker to the Hunt Brothers, who in 1979-80 were major players in the run up in the 'poor man's gold' from $11 to a staggering $50 an ounce in a very short time. At the peak, their…

  • Where Will Silver Prices go from Here?

    The rise and fall of the silver price this year had much more to do with speculative exuberance than any fundamental change in supply or demand. With a foot in both the industrial and investment markets, silver has always lived a dual life. Either pulled up or depressed by a rising or falling gold price and likewise supported by improving global macro economic trends suggesting industrial demand improvement. Sometimes this pushes silver counter cyclically to gold. Occasionally both factors coincide to encourage a high level of speculative interest in the metal.Source: ETF Securities This scenario occurred in the run up…

  • A Look at the First Silver Bubble

    With smoke still rising from the ruins of the recent silver crash, I thought I’d touch base with a wizened and grizzled old veteran who still remembered the last time a bubble popped for the white metal. That would be Mike Robertson, who runs Robertson Wealth Management, one of the largest and most successful registered investment advisors in the country. Mike is the last surviving silver broker to the Hunt Brothers, who in 1979-80 were major players in the run up in the “poor man’s gold” from $11 to a staggering $50 an ounce in a very short time. At…

  • Will Silver Prices Continue their Incredible Run

    An article in Mineweb last week reported that silver imports in India had dropped off dramatically this year and suggested the high price may be to blame. Silver imports into India from April 2010 to February 2011 dropped to 343 tons from 451.5 tons in the same period of 2010. The largest precious-metal importing region is Gujarat, where nearly 162 tons were imported in January, but dropped over 70 percent in February to 47 tons and were reported by an official of the Gujarat State Export Bureau as reaching on 16 kgs in March, by the 18th. The price is…

  • Next Stop $50 for Silver

    Last week, I saw silver rise $1 in one day. I remember when the white metal’s total cost was $1! Investment demand is overwhelming industrial demand by a large margin. The world produces about 1 billion ounces of silver a year to meet 1 billion ounces a demand for jewelry and industrial process. But over the past year, an additional 300 million ounces of investment demand has piled on top of that, creating the parabolic moves in prices that we have seen this year. The total demand for silver today is the same as it was in 1980, when a…

  • When is the Best Time to Buy Silver?

    While there’s considerable focus on silver regarding what returns it can gain as an investment asset and as a hedging tool – both valid applications, amidst sovereign debt risks and currency devaluations – it’s helpful to zero in on the fundamentals of silver and how it plays next to gold, its precious cousin, and the more industrial-focused platinum and palladium. In light of China urging its citizens to buy gold (more on that key topic in a two-part series from Stuart on Monday), where does silver stand in all of this? If there’s anything to say of silver’s performance in…

  • Unbelievable Open Interest in Silver on the Tokyo Commodity Exchange

    I know I've been harping a lot about this, but the chart just keeps marching unbelievably upward. Over the last two days, open interest jumped another 12%. In fact, there's hasn't been a substantial decrease in Japanese Ag open interest in the last six months. Compare this to NYMEX, where open interest has been mostly flat since September. And actually fell 5% over the last two trading days. Most interestingly, the Japanese silver buying is apparently not a precious metals-wide thing. TOCOM open interest in gold has actually been falling steadily for months. Now at one of its lowest levels…

  • Silvers Boost From Asia

    I wrote last week about Asia's love for platinum. This week, it's looking like there's a new "hot item" in the East. Silver. Open interest in silver on the Tokyo Commodity Exchange has been on a tear. Since last Friday, outstanding contracts have jumped 20%. It would be tempting to chalk the rising interest up to general enthusiasm about precious metals. After all, prices for gold, silver and the PGMs have all been rising of late. But it appears that silver is something special in Japan. At the same time as silver contracts are being bought up, open interest in…

  • Silver Blasts Through $21!

    Gold hit a new high too at $1,284, and the yellow metal seems hell bent on taking out $1,300 before it takes a rest. The street was bubbling today with rumors of some leveraged gold traders getting margin calls on their shorts. A major incentive last week was Japan's massive $21 billion intervention in the foreign exchange markets to drive down the yen. Some believe that this is only the opening shot in a global attempt at quantitative easing in the run up to the November elections that will debase all paper currencies to the benefit of all hard assets.…