![Vote](javascript:vote('votecount678','voteid678','<img src="http://silverblog.silvermonthly.com/wp-content/plugins/vote-it-up/disabledarrow.png" />',678,0,'http://silverblog.silvermonthly.com/wp-content/plugins/vote-it-up');){kind=link}
Silver Price Explosion?
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Does a silver price explosion lie just ahead? Ben Davies, in an analysis prepared exclusively for kingworldnews.com, lays out a case for a silver price explosion. Davies is CEO of Hinde Capital, London. Although Davies sees trading opportunities, long-term buy and hold investors can take solace in Davies’ analysis. If silver does enjoy a move [...]
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China to eliminate death penalty for smuggling gold and silver
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Among 13 crimes set to no longer carry the death penalty in China is the smuggling of gold or silver. The proposed amendment to China’s criminal statutes would reduce the number of crimes punishable by death to 55. That China has in its laws the death penalty for smuggling gold or silver shows just how [...]
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New 1099 Reporting
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New 1099 reporting rules buried in the Obama’s health care legislation — if they go into effect — will have a major negative impact on precious metals dealers and their clients. Just as bad, the new regulations will have a harmful impact on all businesses. Legislation has already been introduced to repeal them before they go into effect.
![Vote](javascript:vote('votecount658','voteid658','<img src="http://silverblog.silvermonthly.com/wp-content/plugins/vote-it-up/disabledarrow.png" />',658,0,'http://silverblog.silvermonthly.com/wp-content/plugins/vote-it-up');){kind=link}
Huge reduction in LCs’ net short position in gold
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Most gold and silver investors are in precious metals because of macro (big picture) economic and financial circumstances in which the world now finds itself after seven decades of Keynesian economics and statist politics. These investors are content to take positions in the metals and hold them, while maybe adding to their positions as opportunities [...]
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CMIGS may close early Friday for long Independence Day weekend
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CMI Gold & Silver Inc. will be closed Monday, July 5 in celebration of Independence Day, and we may close early Friday, July 2 to give our staff a long three-day weekend. If you call late in the day Friday and get a recording disclosing that we are closed, then it is a long three-day [...]
![Vote](javascript:vote('votecount652','voteid652','<img src="http://silverblog.silvermonthly.com/wp-content/plugins/vote-it-up/disabledarrow.png" />',652,0,'http://silverblog.silvermonthly.com/wp-content/plugins/vote-it-up');){kind=link}
100-kilogram Gold Maple Leaf sells at auction
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In 2007, when the Royal Canadian Mint introduced a limited edition series of 1-oz .99999 fine Gold Maple Leafs, the Mint also produced five 100-kilogram .99999 Gold Maple Leaf coins with face values of $1 million Canadian. The 100-kilogram coin measures 20 inches in diameter and weighs right at 468 pounds on a bathroom scale.
One [...]
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Saudi Arabia gold reserves double what previously reported
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Saudi Arabia now holds double the gold reserves previously reported. Continued central bank activity in the gold market may result in central banks being net buyers of gold this year. If so, it would be the first time in decades. Earlier this year, India bought 200 tons of gold from the IMF, and Russian and China are regularly adding to their gold holdings from domestic sources.
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2010 Silver News released
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The Silver Institute is an invaluable source of information about silver, from supply/demand statistics to recent, esoteric developments that may affect future demand. Serious silver investors can do themselves a favor by regularly visiting the site.
Additionally, The Silver Institute publishes on its site a free quarterly publication aptly titled Silver News. To receive an email [...]
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Dr. Marc Faber says to prepare for worst
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Dr. Faber, the keynote speaker at the May 22nd NYC Mises Circle Seminar, had no good news about the status of the world’s financial affairs. He is of the opinion that all sovereigns will continue to create monies as solutions to their financial woes and that gold is the right investments for the times.
Further, Dr. [...]
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Mint set to release 2010-dated fractional-ounce Gold Eagles
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Summer is here, and the US Mint is just now releasing 2010-dated fractional-ounce Gold Eagles, the ½-oz, the ¼-oz and the 1/10-oz sizes. We expect to have the coins ready for shipment on or about June 21. Because of subdued buying, premiums are about where they have been during normal times in years past, meaning [...]
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Name: Jay, aka "jaybol"