Uncertainty is certainly (…no pun intended) nothing new. It’s a persistent fact of life that’s been around in both good times and bad throughout the ages. But right now seems different – the economy in the U.S. and around the world can be characterized as ‘shaky’ at best. Unemployment in the U.S. is officially hovering…
Gold, Silver See New Record Highs in April
With spring blooming across the country, gold and silver have been on a consistent rise in the month of April. Just today we’ve seen new records as gold crossed the $1500 per ounce threshold for a short time and silver breached $45 per ounce for a short while. In the last month, gold has increased…
Mines Company CEO Predicts $1500 Gold, mid-$40s Silver
Coeur d’Alene Mines’ CEO Dennis Wheeler recently stated he “would not be surprised” if gold is trading in the $1500-$1600 and silver in the mid-$40s per ounce price range by the end of the year. Speaking at the Reuters Mining and Steel Summit last Thursday, Wheeler says increased instability through political turmoil and natural disasters…
Silver Markets Currently Experiencing ‘Backwardation’
Like many other things seeming ‘backwards’ these days, the silver market is technically in a state that’s literally referred to as ‘backwardation.’ Basically, backwardation is a situation where a commodity’s spot price is more than its forward futures price. It’s very unusual and means investors are paying a premium to own commodity now rather than…
