http://www.silverseek.com Fri, 06 Nov 2009 21:15:44 GMT The latest news from SilverSeek.com. en-us Copyright SilverSeek.com, Silver Seek LLC Gold Seek LLC Fri, 06 Nov 2009 21:15:43 GMT http://news.silverseek.com/GoldSeeker/1257542143.php http://news.silverseek.com/GoldSeeker/1257542143.php Gold spiked to as high as $1097.80 immediately following the release of this morning’s jobs report before it quickly dropped back down to as low as $1086.55, but it then rose to a new record high of $1100.95 by a little after 9:45AM EST and chopped its way slightly lower into the close to end at a new record high with a gain of 0.56%. Silver rose to $17.59 in early London trade before it fell with gold in early New York trade to as low as $17.253 and then rebounded to as high as $17.60 by about 9:45AM EST, but it also fell back off into the close and ended unchanged on the day. Fri, 06 Nov 2009 20:32:21 GMT http://news.silverseek.com/COT/1257539541.php http://news.silverseek.com/COT/1257539541.php COT Silver Report - November 6, 2009 Fri, 06 Nov 2009 00:04:15 GMT http://news.silverseek.com/SilverInvestor/1257465855.php http://news.silverseek.com/SilverInvestor/1257465855.php My thinking goes like this. It’s very simple—the first thing I want out of my investment in this sector is something that I feel stands alone outside of the system. Only coins in hand or bullion in hand do that. So my first purchase, and I recommend it from the start, is to have the physical gold or silver in hand. Thu, 05 Nov 2009 21:09:35 GMT http://news.silverseek.com/GoldSeeker/1257455375.php http://news.silverseek.com/GoldSeeker/1257455375.php Gold climbed to as high as $1097.42 in after hours access trade yesterday before it fell to $1083.70 in late Asian trade and then spiked back up to $1093.95 in early London trade, but it then chopped its way back slightly lower for most of the rest of trade and ended with a gain of just 0.19%. Silver fell to as low as $17.20 in Asia before it rebounded to $17.497 by about 9AM EST in New York, but it also fell back off a bit into the close and ended with a loss of 0.06%. Thu, 05 Nov 2009 14:10:07 GMT http://news.silverseek.com/SilverSeek/1257430207.php http://news.silverseek.com/SilverSeek/1257430207.php Silver is a unique situation, both from an investment and regulatory perspective. The short concentration in silver, in terms of the futures market, world production and above ground inventories has no equal. It must be dealt with in a unique regulatory manner. Anything less will prove futile. Wed, 04 Nov 2009 23:35:03 GMT http://news.silverseek.com/SilverSeek/1257377703.php http://news.silverseek.com/SilverSeek/1257377703.php The Gold:Silver ratio has ranged from 14.9-to-1 in January 15, 1980 at the time of the record high gold and silver prices to 99.8-to-1 on February 22, 1991 when the price of silver was particularly depressed. During the past 5 years it has ranged from 43.6-to-1 (April 19, 2006) to 84.4-to-1 (October, 2008). It is currently at 64-to-1 having breached the 28 year support line of 58-to-1 (and 200dma) in August 2008. Wed, 04 Nov 2009 21:15:34 GMT http://news.silverseek.com/GoldSeeker/1257369334.php http://news.silverseek.com/GoldSeeker/1257369334.php Gold saw slight losses in Asia and then rose almost 1% to as high as $1095.25 by early trade in London before it pulled back under $1090 around 8AM EST and then rose to a new all-time high of $1095.42 by a little before noon EST, but it then fell back off in the last couple of hours of trade and ended with a gain of just 0.19%. Silver followed a similar pattern and ended over 1% from its session high of $17.60 with a gain of 0.99%. At the time of writing, both metals are also climbing to new highs in after hours access trade. Wed, 04 Nov 2009 14:49:25 GMT http://news.silverseek.com/SilverSeek/1257346165.php http://news.silverseek.com/SilverSeek/1257346165.php The Peak of World Silver Production may be just around the corner due to a falling EROI (energy returned on energy invested). This will also be true for most industrial metals. I may go as far as to say, if the Global Economy does not make a full recovery shortly (which I doubt), 2008 could be the all time peak for world silver production. At least, the world production of silver will be in a plateau as unconventional oil supplies start to peak and decline. Tue, 03 Nov 2009 21:26:06 GMT http://news.silverseek.com/SilverSeek/1257283566.php http://news.silverseek.com/SilverSeek/1257283566.php At the foundation of any macroeconomic theory, the trade balance is one of the most important economic indicators. The trade balance is the calculation of the difference between how much a country exports and how much it imports. In the United States, the trade balance has been in the negative for decades due to the importation of oil and the reliance on the manufacturing abilities of other nations to produce our goods. Tue, 03 Nov 2009 21:12:35 GMT http://news.silverseek.com/GoldSeeker/1257282755.php http://news.silverseek.com/GoldSeeker/1257282755.php Silver climbed to as high as $16.70 in early Asian trade before it fell to as low as $16.22 by about 9:30AM EST in New York, but it also climbed back higher for most of the rest of trade and ended near its session high of $17.21 with a gain of 5.02%. Silver remains $3.47 from its 28 year closing high of $20.64 set on March 5th, 2008.