Precious metals prices were popping off of holiday lows Monday as traders returned to the markets. Gold had jumped as high as $1124 an ounce by 9:30am in New York and silver soared to $17.59 by 11am as a weaker dollar made the shiny cousins much more attractive.
Gold had jumped as high as $1124 an [...]
As we wait for confidence in the economic recovery and commodities demand to pick up, can the silver price count on the gold market?
Others are confident that gold has much farther to go and rest their assertions on the possibility that the quantitative easing methods employed by central banks across the world will lead to [...]
Silver Investing News reports MAG Silver Corp. rose 13 per cent after Fresnillo PLC, world’s biggest primary silver reported its take-over for MAG Silver.
The senior silver producer is offering MAG US$4.54 a share for complete ownership. Earlier this year, Fresnillo purchased a 19.8 per cent stake in MAG, its joint venture partner on the Juanicipio deposit in Mexico. Currently, MAG owns 44 per [...]
Silver Investing News reports silver price has been above $9/oz level and holding on.
In order to maintain a “bullish zone”, silver must hold $9.55/oz. According to Karnani, $9.85/oz and $10.55/oz are the key intra day resistance levels. Silver’s “downside will be limited this week” if prices can hold above $8.80/oz.
Although the term “bull” is still being [...]
Tuesday, January 5, 2010
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