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Silver to Explode Upward … Regretfully, Most Will Miss out on This Next Great Wave of Wealth Creation
HOLLYWOOD, Fla., Jan. 18, 2012 /PRNewswire/ — At Smith McKenna, precious metals trading advisors, Steve Smith, CEO, has been accurately forecasting gold, silver, copper and other precious metals commodities trends for decades. “The latest movements in spot prices in copper and silver were totally predictable, considering the time of year and the projected demands. 2012 will be a huge wealth creating opportunity, if you’re positioned correctly,” exclaims Steve.
“All leading manufacturing Data calls for an end to the GLOBAL SLOWDOWN and a boom in CAPITAL INVESTMENTS thru-out the word,” explains Stephen Smith. Further, “Global consumption will empty all above ground supplies of Silver within the next 36 to 48 months.” The secret, when realized, will take prices to the stratosphere. Smith McKenna is calling for Silver to hit $50 oz. 1st Qtr. 2012, $75 mid 2012, and $150 by year end.
The precious metals sage warns, “Don’t be fooled into buying gold or silver ETF’s, Certificates, and Mining Stocks. You must own the physical asset. But, Don’t buy anything until you have all the information! You Must First Have Accurate Investing Information and Know How to Use It to be a Successful Gold, Silver and Other Precious Metals Investor.”
Steve Smith so much believes that knowledge is the key to profitable investing, that he is giving away a FREE Book, to the first 100 people that just ask for it. Go to www.smithmckenna.com/free-book/, and simply fill out the request form. He also makes available, free of charge, his weekly investing calendar to the public on the Smith McKenna website.
In The First Few Days Of 2012, US Mint Sells More Silver Than In Most Months Of 2011
In the first few days of 2012, the US mint has already sold 4.3 million ounces in silver coins. This is more than in all individual months of 2011 except for January and September, when the mint sold 6.4 million and 4.5 million ounces. Is the retail love affair with physical silver coming back with a vengeance?
2012:
Why This Gold Boom Will Be So Much Bigger Than The Last One
As I mentioned in The Wrap last night, the gold market was comatose until shortly before the London open…and the rest, as they say, is history.
There was another spike up shortly after London opened…and from 9:00 a.m. in London, until the Comex open at 8:20 a.m. Eastern time, the gold price tacked on an additional ten bucks.
As soon as Comex trading began…and the jobs numbers were made public at 8:30 a.m…the gold price added another twenty bucks…and by 9:00 a.m. Eastern time, gold was up about $55 from Thursday’s close. The price slid a hair from that point until just a few minutes before the Comex trading session closed at 1:30 p.m…but tacked on over ten dollars in the electronic trading session that followed, closing the day virtually on its high…up $58.80 spot. Volume was surprisingly light.
The Read more…
Liberty Dollars may be subject to seizure (Your private stash of silver&gold)
Liberty Dollars held by collectors may be subject to seizure as contraband by federal law enforcement, officials with the U.S. Attorney’s Office and Secret Service said Aug. 24.
Statements by officials for those two federal law enforcement agencies seem to reverse the position taken in comments released from the United States Attorney’s Office in Charlotte, N.C., and published in Coin World in April, that mere possession of Liberty Dollars did not constitute a violation of any federal statute.
That position has apparently changed, although officials of the U.S. Secret Service — which would be the federal agency likely charged with executing any possible seizures — would not provide any definitive comments concerning under what circumstances Liberty Dollars would be seized.
The revised stance is tied to the Liberty Dollar being determined in a federal court to violate federal counterfeiting statutes. Liberty Dollars, metallic medallic pieces, were privately Read more…
Remember Silver?
Because the stealthy take over of Libya by its rebel forces is matched only by the stealth soaring of silver in the last two days. We wonder how long until the perfectly normal and completely SEC-uninvestigated May 1 silver sledgehammer formation repeats again, and when will we see another 5 silver margin hikes in the san of a few days?
Gold Prices Soar 6.3% on Week and Top $1880, Silver Jumps 8.5% to Above $42
U.S. gold futures jumped to a record above $1,800 an ounce Friday, extending its streak of record settlements to four sessions, its string of wins to five days and its successive weekly gains to seven.
Gold prices surged 6.3 percent this week, supported by global economic fears which pounded stocks and drove investors toward safe-haven buys like gold.
“Gold is driven by the uncertainty about a new global recession … and the possibility that Europe will engage in additional quantitative easing,” Reuters quotes James Dailey, portfolio manager of TEAM Financial Asset Management, which oversees $200 million in assets. “While an expected correction could be violent, I don’t think it may last too long.”
On Friday, December gold prices surged $30.20, or 1.7 percent, to close at a new record high of $1,852.20 an ounce on the Comex in New York. Gold prices ranged from $1,824.50 and $1,881.40 — also an intraday record high. The yellow metal has Read more…
Gold/Silver Ratio Heads Back Up: Trend Might Continue Without QE3
I previously heralded silver’s breakout above $40, as well as gold’s breakout above $1600, as the dawning of the next leg up for precious metals — one that would send silver past its previous high of above $49 reached earlier this year. I still believe that silver will find its way well into triple digits in the coming years, as monetary demand from the global sovereign debt crisis is only escalating and will be the primary driver of silver’s price, but I’m not so sure it will happen imminently; in light of the tumultuous events of this past week, I’ve taken off some of my silver positions in exchange for gold instead. My rationale is as follows:
1. Because of its industrial role — silver is used to create a wide variety of goods, such as warfare weapons and solar panels — silver is more associated with risk. If we see the return of the bear market in equities like we saw in 2008, silver is going to get hit harder than gold.
2. I expected the gold/silver ratio to fall below 40 and approach its previous low of 33. Instead, we saw a bounce off 40. I still believe that silver will unofficially be re-monetized, and that this process will Read more…
Gold Prices Spike on Safe-Haven Appeal, South Korea Buy to $1660.10
NEW YORK (TheStreet ) — Gold prices hit record highs Tuesday as the Bank of Korea bought more gold and as the Senate passed the debt ceiling deal.
Gold for December delivery popped $22.80 to close at $1,644.50 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,646.80 and as low as $1,618.80 while the spot gold price was skyrocketing almost $30, according to Kitco’s gold index.
Silver prices added 78 cents to close at $40.09 an ounce. The U.S. dollar index was up 0.22% at $74.48 while the euro was down 0.36% vs. the dollar.
With the debt-ceiling issue basically behind U.S. markets, investors are now looking at the health of the economy and the picture isn’t bright. Worries of slowing global growth were the main factors boosting gold prices.
Not only have quarterly growth numbers been anemic and July’s manufacturing index was barely above the critical 50 growth-mark, but the debt plan aims to Read more…
![[Most Recent Quotes from www.kitco.com]](https://i0.wp.com/www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
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