Berita Semasa 24 November 2012 ...

Silver Dollar Values Prices Skyrocketing, GFMS: Silver Price Climbing 38% In 2013   by Carol A. Parker

If the US fiscal cliff isn’t sorted out it'll weigh on the dollar and benefit gold however the fiscal cliff is just the preliminary bout in many challenges facing the $16.15 trillion indebted US economy. The CME Group reduced margins on gold and silver futures contracts in a bid to ignite trading interest that is bullish from a contrarian viewpoint.

Gold demand continues to be powerful. The SPDR Gold Trust holdings grew to 1,339.616 tonnes by Nov. 15, just a tad off the record high of $1,340.521 tonnes hit in October. John Paulson kept a significant stake in gold in Q3 2012, a confidence increase to bullion's appeal as a hedge against financial uncertainty, a US regulatory filing showed on Thursday. While John Paulson kept his present stake in the SPDR Gold Trust (NYSE:GLD), Soros elevated his holding in the gold trust by 49% to 1.32 million shares.

Soros and his team, in contrast to many “experts”, obviously believe gold is not a bubble and can shield and grow his wealth in the coming years. Paulson, who became a billionaire in 2007 by wagering against the subprime mortgage market, owns about 5% of the SPDR Gold Trust, based on information compiled by specialists.

U.S. Securities and Exchange Commission filing for third- quarter holdings showed that Paulson & Co., the largest investor in the ETP, kept its stake at 21.8 million shares. While Bacon’s Moore Capital Management LP acquired 1.8 million shares in Sprott Physical Gold Trust last quarter. While buying shares in the Sprott Physical Gold Trust, Moore Capital reduced holdings in the SPDR Gold fund by 20,000 shares to 100,000 last quarter. Patrick Clifford, a spokesman for New York-based Moore, declined to comment around the filing. Michael Vachon, a spokesman for Soros, did not reply to an e- mail sent by reporters.

Their liquidation of the SPDR Gold Trust is an interesting development and one that might be seen more often in the coming months due to concerns about the counter party risk in the SPDR Gold Trust. Scout Capital Management LLC boosted holdings in the SPDR Gold Trust by 525,000 shares to 1.14 million shares, a filing showed yesterday. Global ETP holdings reached a record 2,596.1 metric tons on Nov. 8 amid speculation that stimulus efforts will increase as the U.S. faces a so-called fiscal cliff of $607 billion in tax gains and spending cuts next year should Congress fail to act.

Thomson Reuters GFMS has published research that says they project silver prices to rise 38% in 2013 from present levels, as a sluggish global economic climate increases safe haven demand.

The bullish silver GFMS forecast was published on the Silver Institute website yesterday and is unusual as the GFMS have been quiet bearish on silver in recent years despite rising prices.

Philip Klapwijk of GFMS said “a rebound in investment demand stemming from continuing loose monetary policies is expected to drive silver prices towards and possibly over $50 during 2013.”

Spot silver has risen over 17% this year overtaking gold’s 10% gain, and paving the way for its third consecutive rise in four years. Learn More >>> SILVER

"Strong investment demand, higher gold prices on the back of monetary easing, rising inflation expectations and the persistence of ultra-low interest rates," are among the factors that will lure buyers to the safety of silver,” said Philip Klapwijk of GFMS.

"We are thinking prices will trend higher next year. I'm not convinced that we are going to $50. I think we will definitely see $40 to $45 prices."

Powerful silver demand is seen by the increase of 4.5% in holdings of the iShares Silver Trust, the largest silver backed ETF. Klapwijk said, "In China, for example, jewelry demand is growing at a double digit pace," and predicts silver prices to trade between a low of $30.90 and a high of $36 for the rest of 2012.

Weaker industrial fabrication demand for silver is due to cuts in solar power subsidies in Europe which decreased demand from the electronics field and photovoltaic end users hence increasing the silver supply. In addition mine production has climbed 4% in 2012 said Klapwijk. In view of these happenings, my recommendation would be to buy silver bullion and gold bullion personally and hold it yourself. Looking For Silver Dollar Values? Silver Dollar Values

Sumber : Google