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BMO: Silver Outlook in 2010 & 2011
BMO Capital Markets predicts silver will average $20 per ounce this year and next, and is expected to decline to $15/oz in 2012…..
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BMO Capital Markets predicts silver will average $20 per ounce this year and next, and is expected to decline to $15/oz in 2012…..
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I think gold will do better than silver under this scenario, because gold is viewed as a monetary commodity by all the major players, whereas……
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As long as you see a bull market in metals, you’ve got to love Silver Wheaton. They have no mining costs, nor any of the headaches that go with…..
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Gold and Silver are steadily higher this morning on the back of more…..
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Yesterday we talked with Mike Kachanovsky, also known as Mexico Mike for his expertise in mining companies operating in Mexico.
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Let me cut to the chase as to how I expect 2010 to unfold: a) the decline in the US dollar will put the economy on the edge of hyperinflation, b) the gold/silver ratio will drop to 45 and, if gold hits $2000 as I expect, then silver will be….
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On January 21, 1980, silver’s London fix price was $49.45. It has never been higher. From there, it began a plunge that would take it to a low of $3.5475 at the end of February 1993. That was a plunge of 92.8% in just over 13 years. A 50% retracement of this loss would be around $26. So far, it has not done that. I’m still waiting.
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I personally hold silver. I own bags of junk silver, silver bars and silver coins. I hold silver as a hedge and as a safe haven against financial calamity, but these are holdings for…..
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Adam Hamilton of Zeal looks at Silver Seasons
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Dave Morgan is looking for $20-$25 in 2010