Spoke to a jeweler late last year and he figured he would be
paying $40 plus per oz for silver this year.In his opinion it was
due to silver replacing gold in most jewelery since they were
adding a type of chemical to silver that meant tarnishing
would be a thing of the past
Posted by lessarda on 17th of Feb 2011 at 12:08 pm
Even as gold producers have cut hedges over the past year, the
silver producers are ramping up hedges here, especially Carlos
Slim's company. Not huge volumes yet, but they have not hedged for
a long time.
SLV
Posted by dylan398 on 17th of Feb 2011 at 11:34 am
nearing new highs
Double top? Or a massive
Posted by sharonrose on 17th of Feb 2011 at 11:37 am
Double top? Or a massive reverse head and shoulders?
So far the stocks are saying double top.
Silver
Posted by jajajaj on 17th of Feb 2011 at 11:58 am
Spoke to a jeweler late last year and he figured he would be paying $40 plus per oz for silver this year.In his opinion it was due to silver replacing gold in most jewelery since they were adding a type of chemical to silver that meant tarnishing would be a thing of the past
Producers beginning to hedge at $30...
Posted by lessarda on 17th of Feb 2011 at 12:08 pm
Even as gold producers have cut hedges over the past year, the silver producers are ramping up hedges here, especially Carlos Slim's company. Not huge volumes yet, but they have not hedged for a long time.
It took a while, but this became headline news this afternoon...
Posted by lessarda on 5th of May 2011 at 12:58 am
Specifically that Carlos Slim has been very active hedging silver production in his new company for months now (had posted it in February).