$ Silver $

[jprad]

Quote from JaiSreeram:

...gold is so valuable that virtually none of it is ever destroyed by non-recoverable industrial consumption. Therefore, every ounce of gold that is mined annually is added to above ground total amounts.

As of 2005 there was ~240 tonnes of gold consumed annually via electroplating in electronics or for decorative use.

I doubt that even 10% of it is ever recovered.

http://www.ereport.ru/en/articles/commod/gold.htm

 

[Anaconda]

Quote from nevadan:

A link to a good article on taking delivery of physical silver.

http://www.financialsense.com/editorials/pearce/2008/1125.html

Great find, thank you.

Love this drop in silver, time to stock up.

 

[JaiSreeram]

Quote from jprad:

As of 2005 there was 240 tonnes of gold consumed annually via electroplating in electronics or for decorative use.

I doubt that even 10% of it is ever recovered.

http://www.ereport.ru/en/articles/commod/gold.htm

jprad, thanks for the correction, I agree

Quote from nevadan:

A link to a good article on taking delivery of physical silver.

http://www.financialsense.com/editorials/pearce/2008/1125.html

Nevadan, thanks for the link, an interesting one.

 

[JSSPMK]

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2214261>

 

[Derrick1983]

Thanks JaiSreeram, jprad, for the replies.

 

[JSSPMK]

Today SLV closed above 50 moving average (daily chart) for the first time since end of July '08. With the weekly chart pointing to a bounce towards $13.5-$15 looks like we are about to enter higher vola times in silver.

 

[jsv416]

SLV looking interesting here. IF 10.50 to 10.70 level can be sustained could have some upside in the days to come...

 

[JSSPMK]

Quote from jsv416:

SLV looking interesting here. IF 10.50 to 10.70 level can be sustained could have some upside in the days to come...

I agree, price needs to BO above resistance, otherwise they will slam it back towards support hard, as they always do

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2222590>

 

[Port1385]

 

[JSSPMK]

Above 1st resistance zone now