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Peter Schiff talks Silver

ByVictoria
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Renowned economist and gold advocate Peter Schiff has issued a bold new call: silver is about to break out – and fast. In a tweet posted earlier today, Schiff highlighted that silver has outperformed gold for two consecutive days, closing at $33.40 and touching an intraday high of $33.50.

“Silver is the most underpriced hard asset on the planet. While gold protects wealth, silver could build it during the next financial reset.”

Source – The Jerusalem Post

Peter Schiff – is an American stockbroker, financial commentator, and radio personality. He is the author of How an Economy Works and Why It Crashes.

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Glencore talks sale of African copper mines

ByVictoria
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Glencore owns the Mutanda copper cobalt mine and has 75% stake in Kamoto Copper Company leaving the mines value at $6.8 billion dollars.

The full article is published under Financial Times. I am unable to share more info on this topic but please check out the link.

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Kentucky Considers Bill to Entice Gold and Silver Investors 

ByVictoria
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The bill says, “any aggrieved taxpayer who has had taxes collected from them in any purchase that are exempt under KRS 139.480(37), may maintain an action for a refund on behalf of themselves and others similarly situated, without need to resort to any administrative process, against any person collecting or holding such tax funds, including the Secretary of the Finance and Administration Cabinet and the Commissioner of the Department of Revenue.”

 “If you own gold, you can afford to pay sales tax.” said Gov. Beshear

Source – Money Metals

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Silver Price Forecast – Silver Continues to Look Sideways Overall

ByVictoria
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The silver market was rather quiet during the early hours on Wednesday as we continue to see a lot of choppiness.

I think this is a scenario where you have to be somewhat hesitant to buy silver, and I think really what we are looking at is a situation where we are just simply consolidating overall. I believe that the $28.75 level is significant support, just as the $31 level is significant resistance.

Source – FXEMPIRE

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Pan American Silver’s shares down

ByVictoria
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Pan American Silver’s shares slumped Monday in the wake of the Canadian miner’s move to buy smaller producer MAG Silver in a cash-and-stock deal valued at about $2.1 billion.

In morning trading, the shares were 14% lower at C$32.61 in Toronto and down 15% at $23.17 on the New York Stock Exchange. MAG Silver in contrast jumped 8.1% to C$25.49, widening its advance so far this year to 30%.

The deal between the Vancouver, British Columbia, companies will bolster Pan American’s position as a silver-and-gold producer in the Americas and add a stake in a big producing silver mine in Mexico. The agreement comes after precious-metals prices have rallied this year, encouraging a number of mergers and acquisitions among mining companies.

Source – Market Watch

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Silver Tightness Pushes Silver Prices And The SILJ ETF Higher

ByVictoria
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Silver is more volatile than gold. Monthly historical volatility in the COMEX silver futures market is at 19.88%, while gold’s monthly price variance metric is 10.45%. Silver’s penchant for high price volatility attracts more speculative market participants than gold. While gold is an investment asset, silver tends to be a trading vehicle.

Source – Seeking Alpha / Analysis

SILJ – is Amplify Junior Silver Miners

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