Silver stocks led the way today, and Silver Standard Resources (NASDAQ:SSRI) led the silver stocks, as it gained $0.76 a share to end the session at $18.11, a 4.38 percent increase.
Silver Standard moved up on news it has increased production at its Pirquitas Mine in Argentina, which will produce an estimated 7 million ounces of silver in 2010.
Commodities did better today as risk tolerance increased on hopes the European Union may have enough capital to handle the sovereign debt crisis, although I wouldn't place my hat on that being a reality.
Silver prices remained about level, gaining $0.01, to finish at $18.30.
Tuesday, June 8, 2010
Wednesday, March 10, 2010
Silver Still Moving with Gold
Silver Futures Move in Sync with Gold
Although silver has a strong industrial base and demand in its own regard, investors at this time are considering it a haven of safety similar to gold, and consequently what is happening with gold is what is happening with silver, as far as price movements go.
Again, what that tells us is silver isn't being acquired for its industrial demand and use, but rather for its resistance to tough economic conditions and uncertainty in a similar way gold is.
Until that changes, we'll probably see the two move together as they have so many times in the past.
Silver Futures Move in Sync with Gold
Although silver has a strong industrial base and demand in its own regard, investors at this time are considering it a haven of safety similar to gold, and consequently what is happening with gold is what is happening with silver, as far as price movements go.
Again, what that tells us is silver isn't being acquired for its industrial demand and use, but rather for its resistance to tough economic conditions and uncertainty in a similar way gold is.
Until that changes, we'll probably see the two move together as they have so many times in the past.
Silver Futures Move in Sync with Gold
Tuesday, March 9, 2010
Contact Page for All Silver
Contact Us
You can contact any of the authors of All Silver at
raesally@comcast.net. Authors can be fowarded your e-mail if you want
to contact one individually.
Authors for All Silver:
Allen Nine
Jim Stevens
Ray Esally
Gary Thomas
Thomas Conito
Kyle Johnson
You can contact any of the authors of All Silver at
raesally@comcast.net. Authors can be fowarded your e-mail if you want
to contact one individually.
Authors for All Silver:
Allen Nine
Jim Stevens
Ray Esally
Gary Thomas
Thomas Conito
Kyle Johnson
All Silver Author Team
Authors for All Silver:
Allen Nine
Jim Stevens
Ray Esally
Gary Thomas
Thomas Conito
Kyle Johnson
Allen Nine
Jim Stevens
Ray Esally
Gary Thomas
Thomas Conito
Kyle Johnson
Silver Wheaton (NYSE:SLW) Growing Long Term
Silver Wheaton Growth
No matter which way you look at Silver Wheaton (NYSE:SLW), short term, mid-term or long term, the company has positioned itself for solid growth for a long time to come, and it looks like it'll successfully deliver on that strategy.
Even after the extraordinary growth of 46 percent in 2009, the company looks like they'll continue on in 2010, although at a slightly subdued growth range of 35 percent.
In 2010 Silver Wheaton projects an increase of 23.5 million silver equivalent ounces, eventually reaching as high as 40 million equivalent ounces by 2013.
The strong cash position of the company has them right where they can take advantage of any opportunity which comes there way, with it all added together being over $600 million in available capital to tap, not including its cash flow.
Silver Wheaton Growth
No matter which way you look at Silver Wheaton (NYSE:SLW), short term, mid-term or long term, the company has positioned itself for solid growth for a long time to come, and it looks like it'll successfully deliver on that strategy.
Even after the extraordinary growth of 46 percent in 2009, the company looks like they'll continue on in 2010, although at a slightly subdued growth range of 35 percent.
In 2010 Silver Wheaton projects an increase of 23.5 million silver equivalent ounces, eventually reaching as high as 40 million equivalent ounces by 2013.
The strong cash position of the company has them right where they can take advantage of any opportunity which comes there way, with it all added together being over $600 million in available capital to tap, not including its cash flow.
Silver Wheaton Growth
Pan American Silver Corp. (TSE:PAA) Founder Ross Beaty Honored with Viola MacMillan Award
Pan American Silver Corp.
Pan American Silver Corp. (TSE:PAA) announced in a press release today that founder Ross Beaty received the Viola MacMillan Award at the Prospectors and Developers Association of Canada awards dinner recently.
The award is offered to those who have "demonstrated leadership in the management and financing of the exploration for, and development of mineral resources throughout the world." It was named after Viola MacMillan who served as the longest president of Prospectors and Developers Association of Canada.
Beaty launched Pan American Silver in 1994, and continues on as chairman of the company to this day.
Pan American Silver Corp.
Pan American Silver Corp. (TSE:PAA) announced in a press release today that founder Ross Beaty received the Viola MacMillan Award at the Prospectors and Developers Association of Canada awards dinner recently.
The award is offered to those who have "demonstrated leadership in the management and financing of the exploration for, and development of mineral resources throughout the world." It was named after Viola MacMillan who served as the longest president of Prospectors and Developers Association of Canada.
Beaty launched Pan American Silver in 1994, and continues on as chairman of the company to this day.
Pan American Silver Corp.
Sunday, March 7, 2010
Silver - Idaho's New Currency?
Silver as an Idaho Currency
In an effort to attempt to bring some potential business and jobs to Idaho, state representatives have introduced a bill which would allow silver to be used a currency in the state, being produced in the form of medallions.
Rep. Phil Hart proposed the bill which was unanimously agreed to be introduced by the Idaho House State Affairs Committee.
The new silver medallions could also be used to pay state taxes.
A similar bill was introduced by Hart in 2009 but didn't go anywhere. Now that the recession continues on, the lawmakers in the state are looking at ways to help get their economy going.
The idea of introducing a bill which would include silver as a currency is fantastic. I wonder what will happen when the silver is far more valuable then the U.S. dollar in the state? That will be interesting; not if, but when it happens. Of course that assumes the mining takes place and the bill voted for approval.
One thing that's unfortunate is the need to offer property- and income-tax incentives to companies agreeing to launch a silver-processing business in the state.
But that's a secondary concern when taking into account the fantastic implication of silver being used as a currency again.
Silver as an Idaho Currency
In an effort to attempt to bring some potential business and jobs to Idaho, state representatives have introduced a bill which would allow silver to be used a currency in the state, being produced in the form of medallions.
Rep. Phil Hart proposed the bill which was unanimously agreed to be introduced by the Idaho House State Affairs Committee.
The new silver medallions could also be used to pay state taxes.
A similar bill was introduced by Hart in 2009 but didn't go anywhere. Now that the recession continues on, the lawmakers in the state are looking at ways to help get their economy going.
The idea of introducing a bill which would include silver as a currency is fantastic. I wonder what will happen when the silver is far more valuable then the U.S. dollar in the state? That will be interesting; not if, but when it happens. Of course that assumes the mining takes place and the bill voted for approval.
One thing that's unfortunate is the need to offer property- and income-tax incentives to companies agreeing to launch a silver-processing business in the state.
But that's a secondary concern when taking into account the fantastic implication of silver being used as a currency again.
Silver as an Idaho Currency
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