Silver to become a rare earth metal , it is Extremely undervalued. Silver to become extinct by year 2020 according to geologists only 300 millions ounces left! Silver is consumable industry metal it is used up : 95% gold ever found is still around 75% of silver is a by-product of mining other metal only 25% is primary product of mining,In 1480 the price of one ounce of Silver was equal to one ounce of Gold, Low supply, high demand Price to skyrocket get your silver and stay long!
Friday, November 18, 2016
2016 Silver Demand exceeds supply again
Today is Friday 18th November 2016 and we are briefly covering the issue that silver demand in 2016 is likely to exceed supply.
• The silver market is expected to be in an annual physical deficit of 52.2 Moz in 2016, marking the fourth consecutive year in which the market has realized an annual physical shortfall.
• Silver prices this year through 11th November averaged $17.23/oz, which was 9.9% higher than in the same period in 2015 and forecasts silver prices are likely to average $17.15/oz for the full calendar year, a 9.4% increase over the 2015 average. This means they expect silver prices to fall a little further between now and the end of the year.
• Total silver supply is forecast to fall 3% to 1,012.4 Moz in 2016. The decline is expected to be driven by a 1% drop in mine production, a 0.3% fall in scrap supply and net de-hedging of 20.0 Moz. Mine production is forecast to reach 887.4 Moz this year, which is almost 6 Moz lower than 2015 but is still the second highest year of production on record.
• Silver bullion coin and bar sales are expected to contract 24% to 222.0 Moz this year, its lowest level since 2012. Bullion silver coins are forecast to reach 122.7 Moz, which is 7.9% below last year’s record of 133.2 Moz
• Physical bar demand is expected to contract by 38% this year to 99.3 Moz. driven by a lacklustre Chinese economy and weak consumer sentiment in North America. Demand in Europe, on the other hand, should improve by 14% reaching 14.5 Moz this year on the back of Brexit fears and a rising silver price.
• Physical bar and coin demand should account for 21% of physical demand in 2016, down from 25% in 2015
• Total industrial demand for silver is forecast to decline by 1% to 585.1 Moz, accounting for 55% of physical demand.
• Jewellery fabrication is forecast to drop 8% to 208.5 Moz. A decline in discretionary spending, thrifting, lower economic growth and a higher silver price have all contributed to the overall decline.
Whilst these figures suggest to us that the silver market over the long term of some 10 – 30 years is likely to produce significant gains for those who are clever or wise enough to save and store it away now, it will take either; a black swan event or paper investor speculation or a currency crash to occur in order to provide those fantastic gains the pumpers dream of before that long term haven is reached.
In other words, if you buy silver do so for the long term in mind or to act as a currency or portfolio hedge, do not do so in the belief that you are going to become rich over night; and should such an event occur in the interim we simply quote that well renown 1970’s TV series starring the Fonz – Happy Days.
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
Saturday, November 5, 2016
Why Silver is Positioned for Big Gains - Nicholas Green
70-50-10 Why Silver is Positioned for Big Gains - Nicholas Green
Our top money manager and partner is back on; Nicholas Green with FMT Advisory discusses the year in metals & mining (of course with recent correction), current state of the stock market and the Federal Reserve which both Dan and Nick agree the FED cannot raise rates until there is more inflation in asset prices.
TOPICS IN THIS INTERVIEW:
02:00 Metals/Mining This year & Recent Correction
04:00 Mining sector will rise vs Gold, now is still cheap
05:45 Sector may start moving on fundamentals, need catalyst
06:40 What can Be the catalyst for Resource Sector Spike?
07:30 Will the FED Ever raise rates? Bluffing for a year
09:35 2000 stock & DotCom bubble history, FED caused
11:15 FED needs to continue asset inflation
12:15 Stock Market topping? FMT Advisory profiting still
14:00 How FMT Advisory is Outperforming most Hedge Funds
17:30 Dan predicts Federal Reserve to buy stocks
20:30 Bond prices to eventually crash and burn
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
Subscribe to:
Posts (Atom)
