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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?


To: Julius Wong who wrote (7995)7/2/2011 9:31:47 PM
From: Sultan  Read Replies (1) | Respond to of 8010
 
I own one silver junior.. Aurcana Corp.. AUN.V .. that is AUNFF.PK for you.. If you believe in silver, you should check it out.. Their web site, a little out of date in some aspect.. aurcana.com

SVM.TO Silvercorp Metals is another one I have owned in the past.. Since their mines are in China and the company is based out of Canada, it has been lumped with other Chinese companies and share price have pulled back..



To: Julius Wong who wrote (7995)7/4/2011 10:28:34 PM
From: DrBill  Respond to of 8010
 
RICO SUITS FILED AGAINST SILVER MANIPULATORS
___________________________________________________________

July 4, 2011

On 30 June 2011, Federal RICO Suits were filed against JP Morgan Bank and HSBC for gold and silver manipulation, resulting in extremely large short positions which the Banks then precipated drastic selloffs in Jan 2008 and Feb 2010 by manipulating the prices of both the bullion itself, underlying options, ETFs and other mining stocks as well. Chris Weber of Weber Global Opportunities announced this weekend that silver should rise rapidly to at least $100/ounce, as it is very undervalued due to the alleged manipulation by the Bullion Banks named. Gold and Silver were both hit hard pricewise on Friday's trading in the bullion, as well as the ETFs and the equities representing the mining stocks.

Due to the industrial demand for silver and the increased usage of the metal due to the rapid development of developing nations, the amount of PHYSICAL silver dropped 90% from 1998-2005. This activity decimated the amount of physical silver available, yet the banks indicted continued to sell more gold and silver than was actually in their possession. ETFs (Exchange Traded Funds) which are a derivative of the bullion, trade as equities, but are redeemable (in theory and contractually) into the actual physical metal. There is a "parachute clause" that will let the Federal Reserve redeem the ETF shares for fiat currency, but few investors pay attention to that fact, and it is not one that brokers are want to disclose easily, though it is contained in the written prospecti for each fund.

Most of the analysts, economists and traders on news and economic telecasts this weekend, as well as in print, are expecting the markets to open higher. This column for the last eight or so months has advocated buying the physical hard asset ( gold/silver) either buillion, bars, coins or what is known as "Junk Silver," and ardently advocated taking physical delivery. Junk silver is silver coins minted prior to 1965; sold in bags of Face Value Amounts, and contain dimes, quarters and half-dollars. There has been a renewed interest in this type of investing in silver, as it is readily available, BUT must be purchased without credit cards/debit cards etc., and only checks or money orders are accepted at most reputable dealers. Bullion or coins, however, can be purchased using whatever method of payment is normally accepted in trade.

Gold closed below $1500/ounce on Friday, but is currently trading at $1495.60/oz which is up $13/oz so far this trading session. Silver has also rebounded overseas in tonight's trading currently at $34.025, which is a gain so far of $.331/oz.Most economists and analysts see this AGAIN as another buying opprtunity.
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Continue reading on Examiner.com RICO Suits Against Two Banks = Metals to Soar - National Precious Metals | Examiner.com examiner.com