Chủ Nhật, 23 tháng 5, 2010

What About Silver Coin Values Lately?

I'd like to talk about something I read about recently that should excite most of us who invest in silver and what we can expect, possibly in the near future if you believe the latest buzz. It looks like there are a combination of factors that look like it's a great time to get bullish on silver right now. Here are some of the reasons I have been able to figure out after sorting through a lot of information about silver coin values.

Since the high price of silver in July, 2008, the drastic drop in price has been proven through government reports to have been caused by a large bank or two that sold a large number of COMEX silver futures contracts and have already covered a large portion of those contracts which was the most important reason that the price of silver dropped so quickly and deeply. Latest information shows that the price drop is behind us and silver is set to rise again, and maybe real soon.

Some more important information was obtained from a Commitment or Traders Repost (COT), that showed a record shift in the silver market over that 3 month period in 2008. It was estimated that total net silver position in the market had been reduced by about 250 million ounces! That is massive silver buying on a tremendously large scale by large corporations and it has caused measurements to become very bullish on silver in the near future.

Please understand that this commercial buying of silver was well planned and is the main reason why the price of silver dropped. Businesses don't buy anything at such as massive scale without a well prepared strategy for the future of the silver they have in their possession. If the price of silver was going to get lower and keep declining, why did those large companies buy such massive amounts of silver and buy every single contract they could get their hands on?

Trust me, this wasn't a mistake on their part, let's not make the mistake on ours. Silver coin values are rising and I'm buying some today.

Author Description :
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