Sunday, June 12, 2011

Silver : the Bull trend just started

The price of silver had risen 31% this year which has outperformed every other precious metal on the market. Many factors indicate that the bull trend in silver has not even started .For example The Industrial growth in China has driven the demand for silver as an industrial component. GFMS, a precious metals consulting firm, expects investment of 4.5 billion dollars in 2011, far in excess of $ 1.1 billion invested to date in 2010. This is reinforced by BNP Paribas, which said that the price of silver, along with other cargo, was driven by investors entering the market, eager to ride the commodity rally.. The current macroeconomic situation can not be said certainly favorable for the stability of the euro debt downgrade credit standing of Portugal put again to the fore the stability of the euro. The Libyan situation still appears to be far from a solution and the crisis seems to be up in the Middle East.
In Japan, Fukushima nuclear power plant continues to emit radiation into an ever larger area causing a price increase of raw materials, primarily oil, which was more predictable. The contract on silver is common in this dynamic bullish, in fact it already started earlier, which brought the price threshold to $ 38 an ounce. The upward acceleration began in August last year , and there has been one area of correction, recorded in January. It avoided entering overbought area, which should allow a continuation of the bull trend in the short term.Investors will invest more aggressively in this precious metals market in search of a safe haven largely because of quantitative deployed by U.S. and European debt crisis. This will increase the prices of gold, silver, platinum and palladium.

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

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