The EU debt crisis remains a bullish underlying fundamental for the gold and silver markets, due to the safe-haven asset status that gold and silver hold.
You can easily buy gold and silver through a vehicle that is backed by actual gold and silver rather than derivatives, swaps, and other esoteric paper promises.
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This must indicate the regulators want to wipe out the traders in leveraged gold and silver futures to get speculation and volatility out of the gold and silver markets.
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Importantly, the gold and silver futures markets were ripe for corrective, technical and profit-taking pullbacks following recent strong gains that had sent gold and silver prices to multi-month highs earlier this week.
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However, the company did raise its 2012 gold and silver production guidance with the addition of the Dolores mine, located in northern Mexico, and expects the mine to generate significant gold and silver production for years to come.
Gold and silver traders and investors were digesting news Wednesday that the U.S. Commodity Futures Trading Commission is looking into whether major banks are manipulating London gold and silver market prices via the London gold and silver morning and afternoon fixes.
The gold futures and widely held gold and silver ETFs made new highs for the year this week as silver continues to lead gold higher.
Tully said the recent gains in silver have helped the gold:silver ratio to budge under the 51 area, to 50.41 as of Thursday, the lowest since early November.
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The company said this was due to lower production rates at the Palmarejo mine, lower average realized silver and gold prices and fewer ounces of silver and gold sold.
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Another major bearish factor for the gold and silver markets in recent weeks has been rallying stock markets worldwide, which shows investor risk appetite is on the upswing at the expense of demand for safe-haven assets like gold and to a lesser degree silver.
The price of silver rose faster than the price of gold because silver supplies are tighter, Christian said.
Since the merger announcement, US Gold and Minera have outperformed gold and silver, as well as the McEwen Junior Gold Index launched two years ago for exploration-stage junior mining companies, McEwen noted.
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Mike Daly, gold and silver specialist with PFGBEST, said he expects gold to rise next week, but said he also is keeping an eye out for the March 13 Federal Open Market Committee meeting for any impact on gold.
The gold and silver miners such as Silver Wheaton (SLW), Barrick Gold (ABX), and Newmont Mining (NEM) followed the precious metals in the fall but managed to stage only a weak recovery in a strong contrast to the big up-move in gold.
However, the price of gold and silver changed relatively quickly so that it became pointless to mint gold coins.
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At mid-morning the gold and silver markets dropped sharply and rapidly on some fresh technical selling pressure, talk that a large exchange traded gold fund liquidated a large position, and as the U.S. dollar index hit its daily high.
The gold and silver market bulls on Wednesday gained fresh upside near-term technical momentum.
Then there is the case of the decreasing physical gold and silver in the primary exchanges.
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Forbes predicted at least a 10% sell- off in gold and silver last week.
The greenback bulls have faded recently, which has benefitted the gold and silver markets recently.
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Gold and silver, on the other hand, flourish on news of problems in the economy.
Remember the correction of gold and silver back at the end of April last year?
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Or put it another way, as go oil fears, so goes money into gold and silver.
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The designs of the gold, silver and bronze medals are set to be unveiled imminently.
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Some fresh U.S. economic data Tuesday failed to significantly move the gold and silver markets.
The China data can be read as a mixed bag for gold and silver.
Following record highs set Friday, gold, silver and a host of other metals have been diving.
B. 4128 legislation that makes gold and silver coins legal tender in the state.
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Other commodities like gold, silver, copper, nickel, all are in high demand, and therefore really expensive.
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