Silver prices | Is Silver the Cure for Silver Prices? :: The Market Oracle :: Financial ...

Silver prices | Is Silver the Cure for <b>Silver Prices</b>? :: The Market Oracle :: Financial <b>...</b>

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Is Silver the Cure for <b>Silver Prices</b>? :: The Market Oracle :: Financial <b>...</b> Posted: 25 Jun 2014 05:23 AM PDT Commodities / Gold and Silver 2014 Jun 25, 2014 - 02:23 PM GMT By: Bob_Kirtley Background There are a numerous contributing factors to be taken into consideration before making an investment in silver such as: supply and demand, industrial usage including solar panels, decorative jewelry, and short and long trading opportunities, price manipulation, various metrics such as silvers relationship to gold, the DOW Industrial Index, etc. The list of uses is huge and growing, so today we will look at just one of them which we think is important; the medical uses of silver. Some of the medical uses for silver For generations silver has been used for medical purposes by various nations across the world. Its medical uses have been recorded since the ancient Roman and Greek civilizations. Nowadays the medical use of silver includes creams, wound dressings, and antibiotic applications. Colloidal silver is probably the most commonly known today, it is also used as a tonic when debilitation through disease or old age is encountered. One of Britain's top doctors says the rise of drug-resistant superbugs could trigger an 'apocalyptic scenario' Professor Dame Sally Davies, Chief medical officer warns that within 20 years it may be impossible to fight common infections, this renders even routine operations dangerous, due to the over use of anti-biotics. So silver might be the antidote for superbugs. From what we can glean silver helps by causing bacteria to leak in some circumstances, this leakage allows the antibiotics to enter the bacteria and destroy them. Silver is currently been used commercially in the manufacture of socks and allegedly it reduces the odor associated with socks. We also understand that silver is being utilized on a test basis in the manufacture of hospital beds, sheets and even the uniforms worn by ambulance drivers as a possible combatant against the spread of bacteria such as super bugs. It could eventuate that silvers medicinal properties may not only be a cure for our ailments but the additional demand could push prices to much higher levels over the coming months and years. Chart of Silver's progress It is difficult to see this breakout by silver over a 5 year period but it is there, so the next challenge will be to make a higher high above the $22.50 level. The RSI looks to have peaked at 80.65 and suggests that silver is firmly in the overbought zone. The STO has also peaked so we could see a small correction in the near term Conclusion I am a silver bull, but not a perma-silver bull, as that stance lacks the flexibility a trader requires in order to perform. If you believe that the time is right for silver to explode skywards then there are a number of things that you could do to position your portfolio for such an event. The acquisition of physical silver, silver funds, silver producers and even a well thought out 'options' strategy spring to mind. Our preference is to hold physical silver in our very own hands, invest in precious metals mining companies and trade options. We are of the opinion that an investment in physical silver means just that and not a piece of paper being held by someone else on our behalf. In terms of timing; the summer doldrums have been turned upside down by the recent 'pop' in gold and silver prices, but we are still in June so there are a couple months to go before we are out of this period. That's not to say we won't be buyers of a particular stock if it offers a bargain entry level that we can take advantage of. We believe there are times to be fully invested and times to exercise a little caution. At the moment we are not prepared to adopt a cavalier approach to silver investment or their associated producers as we have been through a number of false dawns over the last few years, so we need a tad more certainty before we can fully commit our funds. Go gently. Bob Kirtley Email:bob@gold-prices.biz URL: www.silver-prices.net URL: www.skoptionstrading.com To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. Winners of the GoldDrivers Stock Picking Competition 200 DISCLAIMER : Gold Prices makes no guarantee or warranty on the accuracy or completeness of the data provided on this site. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This website represents our views and nothing more than that. Always consult your registered advisor to assist you with your investments. 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<b>Silver Prices</b> Today Jump on "Perfect Storm" of Buying Posted: 20 Jun 2014 10:37 AM PDT Silver prices today (Friday) are still on the rise after ripping through the $20-an-ounce level Thursday. July Comex silver was trading up $0.20, or 0.95%, at $21.10 in morning trading Friday. The silver price hasn't seen today's $21 level since March 17. Silver for July delivery surged $0.87, or 4.4%, to $20.65 an ounce on Thursday. That was the white metal's highest settlement since March 19, when the price of silver closed at $20.93 an ounce. Thursday's volume was twice last month's daily average. A "Perfect Storm" for Higher Silver Prices Today Frequent CNBC contributor Dennis Gartman said Thursday's movement in precious metals was thanks to a "perfect storm" of buying as the market finally reacted to the Fed's comments and weakness in the U.S. dollar. U.S. Federal Reserve Chairwoman Janet Yellen said Wednesday the Fed will leave interest rates at rock-bottom levels into 2015 in an effort to help the uneven American economy. Those comments sent the dollar reeling to a four-week low, giving investors an added incentive to buy precious metals. Another factor in higher silver prices: inflation. "Both gold and silver have seen strong price action since early June. It's still early, but just maybe these are signals that inflation is becoming entrenched," said Money Morning Resource Specialist Peter Krauth. Yellen sounded unconcerned about inflation at the Fed press conference Wednesday. She dismissed data that shows inflation is gaining momentum. "I think recent readings on, for example, the CPI index have been a bit on the high side, but I think the data we're seeing is noisy. I think it's important to remember that broadly speaking, inflation is evolving in line with the committee's expectations," Yellen said. The worry is that the U.S. central bank will print money for too long, the money supply increasing faster than real output, which equals inflation. Moreover, global central banks, including the Bank of Japan, Bank of China, and the Bank of England, to name a few, have also engaged in money printing. While worldwide economies are enjoying the stimulus now, it's the exit strategies that are worrisome. Action in precious metals was delayed a day as the Fed's news, and Yellen's conference, came after the regular metals trading on Wednesday afternoon. Fueling silver gains is safe-haven demand as violence in Iraq escalates and tensions continue to simmer in Ukraine. Also driving the white metal higher is an overall firming trend in global precious metal markets amid expectations that borrowing costs will remain at historically low levels for a good while. And as is typically the case, when gold and silver prices start to run, people worry about missing out on gains. Indeed, the Fed's dovish view on the economy and interest rates caught some market participants off guard. Many were anticipating a more hawkish tone from the June FOMC meeting. That forced some traders to cover shorts. Silver's robust 4.4% gain Thursday pushed some $2 billion worth of silver short positions into the red. Other investors simply bought into the rally. So what's next? Bullish bullion option activity suggests more gains are ahead for silver. Lured by strong performances in stocks, market participants that have been underinvested in silver are swiftly and solidly returning to the white metal. Geopolitical turmoil is pushing silver prices higher - and has also triggered new 2014 highs for oil prices. Our energy expert Dr. Kent Moors outlined everything investors need to know in The Oil "Crisis Spike" Is Just Getting Started Related Articles: Bloomberg: Gold Options Signal More Gains as Yellen Shakes Up Market Kitco: Gold Steady-Weak as Market Pauses After Thursday's Big Gains Reuters: Iraq Worries Keep Oil Near $115 a Barrel

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