Archive for April, 2011

No silver lining left for users of the metal

By Carolyn Cui and Dana Mattioli
The Wall Street Journal
Thursday, April 28, 2011
http://online.wsj.com/article/SB1000142405274870364310457629142293837363…
Silver investors are smiling about this year’s rally in the price of the precious metal, now closing in on an all-time high. But silver’s surge is hurting major users and even a few miners, including some blindsided by the relentless climb.
Nearly 75% of the [...]

Australia hears on TV that there are no free markets, only interventions

9:15p ET Friday, April 29, 2011
Dear Friend of GATA and Gold (and Silver):
This week Australian business journalist Peter Switzer interviewed fund manager Wesley Legrand of Grand Private Equities in Adelaide for the Sky News business channel and got from him not only some gold- and silver-friendly comments but a remark that sounded a bit familiar: [...]

Gene Arensberg: Significant commercial short covering for silver

6p ET Friday, April 29, 2011
Dear Friend of GATA and Gold (and Silver):
The Got Gold Report’s Gene Arensberg reports tonight that the large commercial shorts began substantially covering their positions in silver this week even as the price rose sharply. The implication is that real metal is overrunning the paper market. Arensberg’s commentary is headlined [...]