Gold futures rallied on Monday, as global equity markets also surged on growing optimism that European leaders will take measures to bring the debt crisis under control. Gold for December delivery rose $29.80 to $1,715.50 an ounce in electronic trading on Globex. “Gold is currently continuing to behave more like a risky asset than a safe [...]
Investment demand to buy silver bullion in Australia is skyrocketing, according to Gold De Royale, Australia’s largest silver bullion dealer. “With the US national debt crossing $15 trillion, investors are preparing for the worst-case scenario, hyperinflation,” according to George Vo, Sales Manager of Gold De Royale. We have never seen this much demand for silver, [...]
Silver prices rose as much as 1.37 per cent to Rs 55,074 per kg in futures trading today, as speculators enlarged their positions, driven by a rebound in global markets. At the Multi Commodity Exchange, silver for delivery in December shot up by RS 745, or 1.37 per cent, to Rs 55,074 per kg, with a business [...]
Buying Silver is a no brainer as far Jim Rogers is concerned. And why not? Considering that governments are printing money, silver will prove to be a very good bet. In a recent CNBC interview, Rogers says – “Throughout history, when things have gone wrong, they print money…when they print money, you should own silver, you should [...]
Silver prices were expected to exceed $50/oz by the end of 2012, Thomson Reuters GFMS reported in its interim silver market review on Thursday. Silver prices so far this year have averaged $35.70, a rise of 88% year-on-year. “We now forecast a full year average price of $35.66 in 2011, and expect further price strength [...]
Silver prices tumbled by Rs 572 to Rs 54,679 per kg in futures trading today, as traders reduced their holdings, triggered by a weak trend at spot market on sluggish demand. A weak trend overseas also influenced the trading sentiment. At the Multi Commodity Exchange, silver for delivery in December tumbled by Rs 572, or 1.04 per [...]
Gold prices extended losses on profit-booking in Friday’s trade at the domestic bullionmarket amid lower buying interest from jewellers and stockists on the back of falling European market. Silver also witnessed heavy speculative sell-off following reduced industrial offtake. Standard gold (99.5 purity) dropped by Rs 225 per 10 grams to finish at Rs 28,415 from Thursday’s [...]
The Hera Research Newsletter (HRN) is pleased to present an incredibly powerful interview with Keith Neumeyer, Chief Executive Officer, President and Director of First Majestic Silver Corp. (TSX:FR / NYSE:AG). Mr. Neumeyer began his career at the Vancouver Stock Exchange and worked in the investment community for 26 years beginning his career in a series [...]
Silver fell 1.7 percent on the day to trade at $31.16 an ounce. The silver price, which often moves in tandem with gold, is set for a 3.3 percent fall this week and a near-9 percent fall in November. The gold/silver ratio, which measures the number of ounces of silver needed to buy one ounce [...]
Both the precious metals, gold and silver, drifted today on reduced offtake by stockists and jewellers at prevailing high levels amid a weakening global trend. While gold fell by Rs 150 to Rs 29,090 per 10 grams, silver lost Rs 1,170 to Rs 55,230 per kg. Traders said fall in demand at prevailing higher levels and reports [...]
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