Friday, February 22, 2013
Silver’s free fall may be coming to an end
SAN FRANCISCO (MarketWatch) — Silver’s free fall may be coming to an end. After a nearly 9% dive in silver prices this month, investors should be able to breathe a sigh of relief as growth in industrial and investment demand gains pace, and calls of “oversold” conditions and “bargain” prices for the precious metal intensify.
“Silver is grossly oversold at current levels, more so than any time in the past five years,” said James Carrillo, senior portfolio adviser for precious-metals investment firm Swiss America Trading Corp. Silver futures prices SIH3 +0.0035% have lost $2.65 an ounce, or 8.5%, this month, after closing at $28.70 Thursday on the Comex division of the New York Mercantile Exchange. Year to date, they’ve lost over 5%. That compares with gold’s GCJ3 +0.11% month-to-date loss of around 5% and a nearly 6% decline for the year. “Fundamentally, silver should be rising,” as physical demand remains strong, said Carrillo. “However, the technical side of the market is dictating direction currently.”
- in http://www.marketwatch.com/story/for-silver-being-cheap-is-a-good-thing-2013-02-22
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
at 3:00 PM