Its cosmic rise to the silver spot in terms of GDP has been, together with American consumption for the last couple of decades, many times at the expense of other nations.
FORBES: Geithner's Criticism Of China, Another Lost Opportunity To Fix Global Imbalances
Silver Wheaton sells silver at spot market prices and does not hedge it.
The U.S. dollar weakened slightly Thursday, adding 1 cent per ounce to gains in spot silver, while cutting declines in spot gold by 60 cents, according to the widely-watched Kitco Gold Index.
The other option is to invest in silver mining companies or Silver Wheaton (NYSE: SLW), which is a silver royalty company whose stock price is highly correlated to spot silver prices.
Silver Eagles costing more than double the spot price of silver is evidence.
As I write this post on April 15, spot gold prices, according to Bloomberg, settled down approximately 9% for the day (which marks the biggest one day decline since February of 1983), while spot silver prices were down approximately 12% for the day.
Smith Corp, the RSI reading has hit 29.5 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 34.8, the RSI of Spot Gold is at 33.1, and the RSI of Spot Silver is presently 20.7.
In the case of Alumina Ltd, the RSI reading has hit 27.0 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 36.8, the RSI of Spot Gold is at 36.8, and the RSI of Spot Silver is presently 21.6.
In the case of ArcelorMittal SA, the RSI reading has hit 26.0 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 34.8, the RSI of Spot Gold is at 17.4, and the RSI of Spot Silver is presently 17.2.
In the case of ArcelorMittal SA, the RSI reading has hit 29.6 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 32.0, the RSI of Spot Gold is at 21.2, and the RSI of Spot Silver is presently 22.1.
In the case of Banro Corporation, the RSI reading has hit 29.1 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 41.3, the RSI of Spot Gold is at 38.5, and the RSI of Spot Silver is presently 22.7.
FORBES: Banro Corporation (BAA) Shares Enter Oversold Territory
In the case of Mechel OAO, the RSI reading has hit 27.9 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 38.1, the RSI of Spot Gold is at 23.7, and the RSI of Spot Silver is presently 30.6.
In the case of Materion Corp, the RSI reading has hit 29.0 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 35.7, the RSI of Spot Gold is at 38.3, and the RSI of Spot Silver is presently 38.9.
In the case of POSCO , the RSI reading has hit 28.4 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 37.3, the RSI of Spot Gold is at 32.9, and the RSI of Spot Silver is presently 32.0.
In the case of ArcelorMittal SA, the RSI reading has hit 27.5 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 37.3, the RSI of Spot Gold is at 32.9, and the RSI of Spot Silver is presently 32.0.
In the case of Banro Corporation, the RSI reading has hit 28.8 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 44.9, the RSI of Spot Gold is at 35.9, and the RSI of Spot Silver is presently 45.3.
In the case of IAMGold Corp, the RSI reading has hit 29.2 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 39.8, the RSI of Spot Gold is at 44.4, and the RSI of Spot Silver is presently 35.9.
In the case of Gerdau S.A., the RSI reading has hit 26.2 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 40.1, the RSI of Spot Gold is at 26.8, and the RSI of Spot Silver is presently 31.6.
In the case of Mechel OAO, the RSI reading has hit 29.4 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 46.2, the RSI of Spot Gold is at 48.0, and the RSI of Spot Silver is presently 37.7.
In the case of Banro Corporation, the RSI reading has hit 29.9 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 47.1, the RSI of Spot Gold is at 39.8, and the RSI of Spot Silver is presently 42.1.
In the case of Gerdau S.A., the RSI reading has hit 28.3 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 41.2, the RSI of Spot Gold is at 46.4, and the RSI of Spot Silver is presently 38.7.
In the case of Goldcorp Inc, the RSI reading has hit 29.6 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 48.9, the RSI of Spot Gold is at 28.7, and the RSI of Spot Silver is presently 26.7.
In the case of POSCO , the RSI reading has hit 29.5 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 43.9, the RSI of Spot Gold is at 42.8, and the RSI of Spot Silver is presently 37.2.
In the case of Goldcorp Inc, the RSI reading has hit 28.3 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 38.1, the RSI of Spot Gold is at 23.7, and the RSI of Spot Silver is presently 30.6.
In the case of Mesabi Trust, the RSI reading has hit 29.8 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 43.1, the RSI of Spot Gold is at 42.6, and the RSI of Spot Silver is presently 34.2.
In the case of Ball Corp, the RSI reading has hit 29.9 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 31.9, the RSI of Spot Gold is at 21.5, and the RSI of Spot Silver is presently 21.7.
In the case of Gerdau S.A., the RSI reading has hit 29.8 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 45.5, the RSI of Spot Gold is at 30.0, and the RSI of Spot Silver is presently 28.0.
In the case of Gerdau S.A., the RSI reading has hit 71.5 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 56.6, the RSI of Spot Gold is at 53.4, and the RSI of Spot Silver is presently 53.6.
In the case of Goldcorp Inc, the RSI reading has hit 29.0 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 43.1, the RSI of Spot Gold is at 42.6, and the RSI of Spot Silver is presently 34.2.
In the case of Materion Corp, the RSI reading has hit 30.0 by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 43.1, the RSI of Spot Gold is at 42.6, and the RSI of Spot Silver is presently 34.2.
FORBES: Materion Corp (MTRN) Shares Enter Oversold Territory
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