June 20th, 2012

Silver futures bounced back into positive territory while gold pared earlier losses Wednesday as investors continued to sift through the Federal Reserve’s policy statement.

Silver futures for July delivery, the most active contract, settled up 2.1 cents, or 0.1%, at $28.389 a troy ounce in after-market trading on the Comex division of the New York Mercantile Exchange.

Gold futures for August delivery, the most active contract, settled down $7.40, or 0.5%, at $1,615.80 a troy ounce.

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June 5th, 2012

Gold futures rose in New York for the second time in three sessions on speculation that the world’s policy makers will take measures to stimulate economic growth, reviving demand for the metal as an inflation hedge.

The finance ministers and central bank governors from the Group of Seven nations plan to hold telephone discussions today before a summit of leaders from the Group of 20 in Los Cabos, Mexico. The Federal Reserve purchased $2.3 trillion of debt in two rounds of so-called quantitative easing from December 2008 to June 2011 to boost the economy, helping gold surge to a record $1.923.70 an ounce in September.

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May 30th, 2012

Silver Futures – It has been a tough month for both silver prices and silver stocks. The Global X Silver Miners ETF (SIL) has fallen nearly 16 percent in the last month. Despite the recent drops analysts are still optimistic about silver’s future. “A greater amount of confidence in the global economy generally means higher growth and that means more silver demand. If you look out beyond the end of the year, you can still see reasons to be bullish,” David Jollie, an analyst at Mitsui & Co. Precious Metals Inc. said to Bloomberg News. Five Star Equities examines the outlook for companies in the Silver Industry and provides equity research on iShares Silver Trust ETF (nyse arca:SLV) and First Majestic Silver Corp. AG -0.18% .

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May 8th, 2012

Silver Futures – At a time when hedge funds are reducing bullish silver bets by the most in two years, analysts predict a rally as manufacturing expands from China to the U.S., boosting demand for the precious metal most used in industry.

Money managers cut wagers by 68 percent in two months as futures tumbled 21 percent, Commodity Futures Trading Commission data show. Prices will rally to average $35.40 an ounce in the fourth quarter, the third-highest on record, according to the median of 11 analyst estimates compiled by Bloomberg. Shares of Fresnillo Plc, the largest producer, will rise 24 percent in the next 12 months, based on the average of seven forecasts.

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May 7th, 2012

Commodity Brokers – In the five years that John Silvetz made about $700 million for Deutsche Bank AG (DBK) by trading corporate bonds and credit derivatives, the amount of his annual bonus paid in cash dropped to 20 percent from almost 70 percent.

The rest, earned by betting on companies from American International Group Inc. to MBIA Inc., was locked up in deferred stock and euros, according to people familiar with the matter, who declined to be identified because they’re not authorized to discuss compensation. In September, Silvetz, 37, jumped to hedge fund BlueCrest Capital Management LLP. He was the last of a trio of New York debt traders who departed after making $1 billion for the German lender in two years, the people said.

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May 4th, 2012

Silver Futures – On Friday morning, gold futures for June delivery declined to just under $1,627 per ounce, while silver futures slipped under $30. However, both precious metals managed to rebound after the latest unemployment report.

Job growth in the United States slowed again in April as the economy remains sluggish and more people dropped out of the work force. According to the Labor Department, nonfarm payrolls increased by 115,000 last month, compared to estimates close to 170,000. Private companies added 130,000 jobs, with the majority coming from the service sector. Manufacturing jobs increased by only 16,000. The average hourly earnings increased 1 cent to $23.38 and is up 1.8 percent from last year. The average workweek remained unchanged at 34.5 hours.

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