Silver: Buy, Hold Or Sell? Update #22
By: Peter Zihlmann | 30 November, 2011
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| In 1980, the price of one ounce of silver reached $50. Today, the purchasing power of the US dollar is substantially less than in 1980. The price of one ounce of silver would have to rise to $ 135 to reflect the value of the US dollar thirty years ago. The bull market of the silver price started towards the end of 2002. On the way from $ 4.02 to the recent high of $ 48.42 (an increase of 1,100%), several significant corrections took place, the most severe one in 2008 when the silver price sank by 56% only to jump 440% to a new high since the bull market started. “The bull market is not over. However, at present, a correction seems to be overdue.”, we wrote in March. It is time to consider re-entering the market (if you have sold). Full Story |
Silver: Buy, Hold Or Sell? Update #20
By: Peter Zihlmann | 16 March, 2011
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| In 1980, the price of one ounce of silver reached $ 50. Today, the purchasing power of the US dollar is substantially less than in 1980. The price of one ounce of silver would have to rise to $ 135 to reflect the value of the US dollar thirty years ago. Full Story |
Why Buy Silver? Update #19
By: Peter Zihlmann, Zihlmann Investment Management AG | 18 January, 2008
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| The price of silver is rising. If you have not noticed it yet, above chart tells the story. The up-trend is solidly established with some spectacular leaps within a few weeks of 40% or more. After an eighteen months consolidation, another bout of the same magnitude would not surprise us. Full Story |
Why Buy Silver? Update #18
By: Peter Zihlmann, Zihlmann Investment Management AG | 16 February, 2007
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| Silver inventories have fallen to historic low levels – yet markets were very slow in responding. If the supply and demand picture does not dramatically improve – which is improbable - the silver price will likely trend higher – possibly towards the high of 1980. Full Story |
Silver Update #17
By: Peter Zihlmann, Zihlmann Investment Management AG | 9 December, 2005
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| “Looking at the chart below, we could conclude that silver has not moved at all”, we wrote on August 20, 2005. At lot has changed since. The silver price has broken decisively through the resistance level shown in the graph below and has moved into an up-trend which promises to go a long way – even though, short time, we have reached a level where corrections become more probable. Full Story |
Silver Update #16
By: Peter Zihlmann, Zihlmann Investment Management AG | 26 August, 2005
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| The silver price is well-established in its up-trend which started in October 2001 and accelerated from July 2003 onward to reach a bit more than $8 by April 2004 when massive profit-taking pushed it down to the $5.50 level at which a clear buying opportunity emerged. By fall, the silver price was back to $8 only to succumb to profit-taking once more. It fell back to the up-tend-line and another buying-opportunity was presented. At present , the silver price is again in a consolidation phase and it may take a while before a new buy signal is flashed. Nevertheless, we seem to be getting closer to the next important buying-opportunity. Full Story |
Silver Shares Still Offer an Excellent Buying Opportunity
By: Peter Zihlmann, Zihlmann Investment Management AG | 15 April, 2005
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| What we notice is that the silver price, after having moved higher during the month of August, suddenly came down at the beginning of September. Nevertheless, selling dried up when the price fell below $ 6.25, fulfilling our prediction that the $ 6 level would be able to absorb any selling pressure. From September to the beginning of December, the silver price moved up sharply to again reach the $ 8 level, which had already been tested in April of the same year. The silver price then fell back into its long-term up-trend channel where at present a new support-level between $ 6.50 and $ 7 should be able to absorb any further selling. Full Story |
Silver Shares Offer An Excellent Buying Opportunity!
By: Peter Zihlmann, Zihlmann Investment Management AG | 9 August, 2004
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| As we now know, on May 10, silver fell to $ 5.43 and thus exceeded even our most pessimistic forecast by a substantial margin. Nevertheless, by the end of May, the silver price was back to the $ 6 level but it tested the low of May 10 twice thereafter, on June 10 and June 30. Each time, no new low was established leading us to believe that a turn-around is in progress and will eventually take the silver price back to the high reached in April and possibly even higher during the remainder of the year. Full Story |
Silver Shares Correcting After Reaching New Highs!
By: Peter Zihlmann, Zihlmann Investment Management AG | 21 April, 2004
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| As we now know, on April 2, silver touched a high of $ 8.44 for a jump of 42% from the year-end close of $ 5.96. While the fundamental arguments for a rising silver price have been known for years, it may still have taken many by surprise that the price could double in only twelve months. Short-sellers may have helped to push up the price up to over 8 dollars, as they had to cover losing short positions. Whatever the reason, as of the 8-dollar level, buying dried up and short-sellers got another chance to make some money during the thin post-Easter-holiday trading. What started on Easter Monday, accelerated during the following days and by April 14, the silver price had fallen to $ 6.80 or by 20%. ... Full Story |
Coeur D'Alene Mines Corp. (NYSE: CDE): Follow-up #2
By: Peter Zihlmann, Zihlmann Investment Management AG | 11 February, 2004
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| Business Summary Coeur d'Alene Mines Corporation is the world’s largest primary silver producer and a significant, low-cost gold producer. The company owns and operates two of the largest primary silver mines in the United States, and last year began production at a new generation of mines in South America, which rank among the world’s lowest-cost silver mines. During 2002, company-wide silver production increased 36 percent to a record 14.8 million ounces while cash operating costs improved by over 22 percent. Gold production grew 22 percent to 117,000 ounces. Full Story |
Western Silver Corp. (TORONTO: WTC / AMEX: WTZ): Follow-Up No. 1
By: Peter Zihlmann, Zihlmann Investment | 4 February, 2004
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| Business Summary Western Silver Corporation (formerly Western Copper Holdings Limited) is a Canadian based mineral exploration company focussed on exploring and developing projects in Mexico and Canada. Western Silver’s premiere project is the Peñasquito project, a 100% owned silver, gold and base metals deposit located in the Concepción del Oro mining district in the State of Zacatecas, Mexico. An independent resource estimate has confirmed the Peñasquito deposit as one of the largest silver resources in the world. Full Story |
Hecla Mining Company (NY: HL): Follow-Up No. 6
By: Peter Zihlmann, Zihlmann Investment Management AG | 18 January, 2004
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| Business Summary Established in 1891 in northern Idaho's Silver Valley, Hecla Mining Company's rich history of mining has distinguished it as a respected precious metals producer. Now headquartered in Coeur d'Alene, Idaho, this international, publicly traded company is 112 years old. Hecla Mining Company mines and processes silver, gold, lead and zinc in the United States, Mexico and Venezuela. Hecla currently produces silver from three silver mines, Greens Creek, San Sebastian and Lucky Friday, and mines gold as well at the La Camorra mine. Full Story |
Silver: Follow-Up #11 - Silver Shares Surging Ahead
By: Peter Zihlmann, Zihlmann Investment Management AG | 5 January, 2004
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| SILVER SHARES SURGING AHEAD! On November 30, with silver at $ 5.34, we wrote: “The resistance level of $ 5 has since been left behind and while the silver price pushes higher through the $ 5 to 6 area, the bases is laid for much higher valuation in the not too distant future..“ December has indeed been a spectacular month for the silver price as it pushed right through the resistance area between $ 5 and $ 6 $ and closed the year at a level not seen since 1999. Full Story |
Silver Shares Leading the Way Again!
By: Peter Zihlmann, Zihlmann Investment Management AG | 4 December, 2003
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| The bear market in silver ended in November 2001 when the silver price fell briefly to a USD 4 low, a price not registered since October 1993. From this level, the silver price surged upward and surpassed the USD 5 level by the summer of 2002 only to sharply drop off again. By October, it had fallen to $ 4.25 from where a new up-trend started. The subsequent correction stopped at $ 4.33, thus establishing a higher low from where a sustained up-trend started to unfold. The resistance level of $ 5 has since been left behind and while silver is pushing higher through to the $ 5- to $ 6-area, the basis has been laid for a much higher valuation in the not too distant future. Full Story |