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Precious Metals
Silver Prices: The Best is Yet to Come
It's hard not to get a bit nostalgic about silver prices.
I find myself reminiscing about April 2011 when the white metal ended the month at a sterling $48.70 an ounce after hitting an all-time intraday high of $49.51. That record surpassed the previous high of $49.45 set three decades earlier when the Texan Hunt brothers set out to corner the silver market.
Since the 2011 peak, the S&P has roared higher by some 50%, while the value of silver has tumbled 53%. That's not nearly as bad as the drop silver experienced between its Hunt brothers induced high on Jan 1, 1980 through its low on June 21, 1982, when silver fell a devastating 90%.
Those declines are a reminder of just how volatile the metal's price can be. But with great risk comes great reward, and we see record-breaking gains ahead...
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Investing Tips2Good Stocks to Buy Now as this Sector Begins its Lucrative Recovery
- By Tim Melvin, Contributing Writer, Money Morning - May 13, 2013
Billionaire investor Wilbur Ross earlier this month once again suggested that the shipping industry is ripe for investment, presenting a handful of good stocks to buy now.
Ross knows how to spot a beaten-down sector and turn its brightest opportunities into mega-profits. This "vulture investor" previously invested in troubled sectors like coal, steel, and auto parts and cashed out years later with enormous gains.
This time, appearing on CNBC, Ross said that shipping companies were the next growth story.
In fact, earlier this year Ross told Bloomberg TV that he plans to invest as much as $2.5 billion in the shipping sector.
Here's why Ross is looking for good stocks to buy now in this beleaguered industry.
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Precious Metals2Silver Prices in 2013: The Reasons for a Bold Forecast
Don't let the lackluster showing for silver prices in 2013 fool you - things are about to change.
Indeed, the white metal's performance so far has been uninspiring. Silver prices ended April down $4.14 an ounce, or 14.6%, at $24.42 an ounce, marking the third consecutive month of declines. The metal was little changed in March, trimmed by just $0.10. In February, silver shed $2.92. In January, it gained a modest $1.12.
Weighing on the white metal is record stock market rallies. In Q1, the Dow gained 11%, booking its best first quarter since 1998. The Standard & Poor's 500 Index soared 10%, and the Nasdaq was up 8%. The Dow and the S&P have gone on to hit fresh records on numerous occasions, and the Nasdaq rests at its best level since 2000.
The situation in Cyprus is also pressuring silver. Word the Cypriot government must sell 400 million euros of its excess gold reserve to raise $13.2 billion (as part of its bailout deal) sent precious metals reeling. Since Cyprus is the fifth Eurozone nation to seek a bailout, concerns are other European governments may follow suit.
Down about $6.00 an ounce, or 20%, this year, the slump presents a buying opportunity.
Investing now in beaten down silver could prove very rewarding. The silver market looks poised to repeat the 170% gain logged over the seven-month period between April-November 2011.
Money Morning Global Resource Specialist Peter Krauth, sees plenty of potential in investing in silver.
"Because the global silver market is relatively small, silver prices tend to be more volatile; the pounding selloff we witnessed in silver this past month is a testament to that fact. But volatility works both ways, so when silver rises, its prices can explode higher," said Krauth.
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Precious MetalsInvesting in Silver: Price Outlook for 2013
- Money Morning Staff Reports - April 26, 2013
Believe it or not, investing in silver right now could double your money.
Think about it: In April 2011, silver prices rose by 170% in just 7 months. Anyone investing in silver during that period pocketed huge gains and spent a lot less than they would on buying gold.
And right now, it looks like the silver market is on the cusp of doing the same thing all over again.
According to our research, the next stop for silver prices could be $40 by year's end, and $60 by 2014.
And much higher after that.
Money Morning Global Resources Specialist Peter Krauth explains everything you need to know in his just-released report on the 2013 outlook for silver prices investing in silver.Check out our interview with Krauth in the following video:
Go here for Krauth's just-released report on the five factors driving silver prices in 2013.
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Silver105 Factors That Will Push Silver to $250 an Ounce
All bull markets go through periods of consolidations and corrections. And precious metals are no exception.
There has been plenty about gold's swan dive, but less talk about silver. And at this point there's more potential for silver than gold...significantly more.
Because the global silver market is relatively small, silver prices tend to be more volatile; the pounding selloff we witnessed in silver this past month is a testament to that fact. But volatility works both ways, so when silver rises, its price can explode higher.
That's exactly what happened in April 2011, when silver prices rose by 170% in the space of just 7 months. That's why silver investors say investing in silver is like buying "gold on steroids."
And right now, it looks like the silver market is on the cusp of doing the same thing all over again. According to our research, the next stop could be $40 by year's end, and $60 by the end of 2014. And much higher after that.
Here are five key factors that will drive silver higher - significantly higher - in coming years.
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Top News13Could Gold and Silver Coins Become Legal Tender in Your State?
Confidence in the U.S. dollar is so low that 13 states are poised to recognize gold and silver coins as legal tender.
Arizona is the latest state set to make the move.
Monday, the Republican sponsored Arizona measure sailed through the House of Representatives 36-2. The bill moves on for another vote in the Senate, where it got its first nod Feb. 28 in a 17-11 vote.
Should it land on Gov. Jan Brewer's desk, it's good as gold.
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Precious Metals17With the White-Hot Demand for Coins, Why Are Silver Prices Falling?
It's one of the biggest mysteries in finance right now.
I mean, it's a real head-scratcher ...
On one hand, demand for silver coins has been off the charts. With so many investors wanting to swap currency for silver, neither the U.S. Mint nor the Royal Canadian Mint has been able to keep up with purchase requests.
In fact, the U.S. Mint actually had to suspend sales of the "Silver Eagles" just a couple of weeks into the New Year - and it still smashed the all-time monthly sales record in January by selling 7.5 million of the hugely popular coins.
And that insane demand carried over into February and March.
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Precious MetalsThese Three Charts Point to Higher Silver Prices Ahead
For the past few weeks, silver prices have been trading sideways. Kitco notes this tight trading range "could be "basing' action that can put in market lows and occurs just before an uptrend begins."
For those investing in silver, that's great news.
And if you don't think silver prices will go higher this year, here are three charts showing otherwise.
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Precious Metals19A Beginner's Guide to Buying Physical Silver
We get deluged with questions here at Private Briefing. And it's no surprise to me that the bulk of them are excellent queries. We answer them in different ways ... some by writing back to the subscriber ... and some as secondary topics in the daily column.
Many of your questions - like the dozens of requests we recently received about graphene - lead to actual recommendations or even special reports. Other queries will form the basis of "roundup-style" Q&As with our band of experts.
Every once in a while, however, we'll get a question that's so good, or that's so representative of other queries that we're getting, that it deserves a standalone answer.
And that's precisely the kind of question that we recently received about buying physical silver from Andy F. It was on a topic so popular I decided to share it with our Money Morning readers as well.
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Gold and SilverGold and Silver Prices Boosted by These Global Moves
Gold and silver prices both marched toward their largest gains in more than a week Tuesday joining the uplifting mood on Wall Street. As the Dow Jones Industrial Average reveled in a historic rally that took the benchmark to a record high, commodities also soared.
Gold prices settled Tuesday's trading session up $2.50, or 0.2%, at $1,574.90 an ounce, supported by stimulus chatter and a weaker dollar. The safe haven metal had reached as high as $1,585.80 an ounce intraday, on course for its biggest leap since Feb. 26.
Year-to-date, gold has dipped 5.7%. The commodity logged its fifth consecutive month of declines in February, marking its longest stretch of declines since 1997.
Silver prices rose 1.7% to $28.97 in early trading, their biggest gain in more than a week. The white metal ended the day at $28.81.
While silver's slip since January has been more modest than gold's, it's well below the $34.89 it traded at during the same period a year ago.
But loose monetary policies worldwide, geopolitical uncertainties, rising oil prices and renewed fears of inflation should support, if not boost, both gold and silver prices in the months ahead.
Aggressive Global Stimulus Here to Stay
Driving gold and silver prices higher Tuesday were comments from Federal Reserve Vice Chairman Janet Yellen.
At the National Association for Business Economics conference Monday, the Federal Open Market Committee's (FOMC) Yellen defended the bank's $85 billion a month of bond purchases.
"At this stage, I do not see any (risks) that would cause me to advocate a curtailment of our purchase program," Yellen said.
Yellen's sentiments mirror that of Fed Chief Ben Bernanke, who thinks continued stimulus will be good for the U.S. economy. Acknowledging there are risks from the Fed's aggressive efforts to stoke the anemic U.S. economy, Yellen added there are also risks from not being aggressive enough.
This news from overseas is also bullish for gold and silver prices...
