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Silver, Discussion
mullokintyre
post Posted: Yesterday, 10:55 AM
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In Reply To: nipper's post @ Jul 5 2019, 07:48 PM

The gold to Silver ratio is a bit like the oil to gold ratio.
It has wavered between highs and lows over time, but like the oil,gold ratio is an artificial construct that has no intrinsic validity.
The relationship is purely mathematical.
However, it has still been a good period for Silver. Nudging 16 at the moment.
I expect it to go higher, but may have a breather first.
Mick



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nipper
post Posted: Jul 5 2019, 07:48 PM
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The Financial Times in London recently published an interesting piece, an editorial covering the gold to silver ratio and
QUOTE
.... how rising industrial demand has stoked a potential revival of the price of silver, which is currently reaching its 10-year low
.
- this was in a weekly newsletter from Wilson Asset Mgmt; I'll try and post the link (wish me luck).

http://www2.wilsonassetmanagement.com.au/w...583db9db313ebd4



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
jacsar
post Posted: Jul 5 2019, 04:56 PM
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In Reply To: mullokintyre's post @ Jul 5 2019, 09:48 AM

Thanks Mick, appreciate your comments, thanks

 
mullokintyre
post Posted: Jul 5 2019, 09:48 AM
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In Reply To: jacsar's post @ Jul 5 2019, 09:06 AM

There are plenty of producers of silver, but of them have it as a byproduct from other minerals.
The likes of glencore, BHP and South32 are all producers, but the silver part is dwarfed by Iron ore, and other metals that they mine.
Hence, there is unlikley to much leverage.
South 32 own the cannington mine, which is the biggest silver mine in OZ.
New century mines is reopening theold Century mine, but I suspect mainly for the Zinc.
IGO and SLR (both of which I hold) also produce silver as a byproduct.
Of those not yet producing,
SVL (which I hold), is one that is a pure silver explorer and has one of the larger undeveloped deposits in OZ.
Others such as ARD, IVR , MRP and PNX all have undeveloped mines or mineral assets that they are exploring.
There is also the silver ETF, ETPMAG listed on the ASX.

Mick



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Said 'Thanks' for this post: nipper  
 
jacsar
post Posted: Jul 5 2019, 09:06 AM
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In Reply To: mullokintyre's post @ Jul 5 2019, 08:46 AM

anyone have a view on the best way to follow silver on the ASX?

 
mullokintyre
post Posted: Jul 5 2019, 08:46 AM
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From KITCO

QUOTE
Silver’s demand is picking up with the metal seeing the largest daily ETF inflow over the past year, says BMO Global Commodities Research. “While gold ETF flows have hit the headlines over the past month, over the past week silver has seen a larger net positive change. In particular, yesterday saw the largest single daily inflow over the past year at 5.55m oz,” writes BMO Capital Markets managing director of commodities research Colin Hamilton. This marked fifth consecutive day of gains for silver. “With gold having priced in potential rate cuts extremely quickly, we view silver as the catch-up trade at present, particularly if retail investors help to lift bar and coin demand,” Hamilton says.
Gold and silver prices will remain supported for the rest of the year as risk aversion dominates the markets, according to commodity economists at Capital Economics. Looser monetary policies worldwide and slower economic growth are positive for precious metals prices. “Dovish shifts of stance by major central banks and a more downbeat outlook for global growth prompted inflows into safe-haven assets last month. We think that rising investor risk aversion will buttress gold and silver prices through the remainder of this year,” write economists. Capital Economics sees silver rising to $16 an ounce by the end of this year on stronger demand. “Coin sales have already risen so far in 2019, and should continue to benefit from the rising appetite for safe havens. As such, we expect the gold/silver price ratio to fall this year,” they say.


Silver seems to be the perennial bridesmaid in the PM markets.
Always seems to be just about ready for a breakout.
Maybe this time??
Mick



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mullokintyre
post Posted: Jun 20 2019, 07:27 PM
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In Reply To: nipper's post @ Jun 20 2019, 06:54 PM

QUOTE
- therein lies the problem. Retracement


I need retracements to buy back in, hopefully after selling at a reasonable profit.

Mick



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nipper
post Posted: Jun 20 2019, 06:54 PM
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In Reply To: mullokintyre's post @ Jun 20 2019, 04:31 PM

QUOTE
the heady days of mid 2011
- therein lies the problem. Retracement



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
mullokintyre
post Posted: Jun 20 2019, 04:31 PM
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In Reply To: mullokintyre's post @ Nov 2 2018, 06:17 AM

Silver following gold in the PM reallignment.
The move from low 14's to 16 petered out in Feb this year, and fell back to low 14's.
Up to 15.20 or about 22.00 in Aud terms. Hasnt been there since late 2016.
Next target is 27.11 from July 2016,
Be nice if it could reach the heady days of mid 2011 when it touched over $40.

Mick



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mullokintyre
post Posted: Nov 2 2018, 06:17 AM
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Silver shot up by, 2.8% or 40 cents last night, AUD up 1.8%.
Should see some of those silver miners get a boost.
Mick




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