The Hong Kong Exchange (HKEx) has won the bidding to buy the London Metal Exchange (LME) for $2.15 billion. HKEx won the bidding process over the IntercontinentalExchange (ICE) in Atlanta and Chicago Mercantile Exchange (CME). The LME handles 80% of global metals trading – including gold, silver, copper, aluminium, and nickel – of which China is […]

Silver stock prices for the week of June 11 -15, 2012. Hecla Mining (HL) → up $0.13 or 2.8% to $4.71. Pan American Silver (PAAS) → down $0.05 or 0.3% to $18.33. Silver Standard Resources (SSRI) → down $0.30 or 2.4% to $12.35. Silver Wheaton (SLW) → up $0.35 or 0.9% to $27.84.   This volatility is […]

Gold, oil, and silver prices rose for the 3rd straight day on expectations that the US Federal Reserve will add more funds into the economy to stimulate growth. Oil is the backbone of economic growth, so demand will increase as the economy strengthens. However as you pump more cash into the system, you also create […]

Goldman Sachs has called for a 29% gain in the S&P GSCI Enhanced Commodities Index over the next 12 months. The index is heavy on industrial metals and energy. As the EuroZone debt crisis fades and the US and China recovery and their economies start to grow, Goldman Sachs predicts a 41% gain in energy […]

Silver stock prices for the week of June 4 -8, 2012. Hecla Mining (HL) → up $0.19 or 4.3% to $4.58. Pan American Silver (PAAS) → up $1.20 or 7.0% to $18.38. Silver Standard Resources (SSRI) → up $1.06 or 9.2% to $12.62. Silver Wheaton (SLW) → up $0.85 or 3.2% to $27.49.  

Gold and silver prices went up steadily on the assumption that the central bankers will act more aggressively in trying to stimulate their economies – particularly the US Federal Reserve. This will cause inflation, and gold is the traditional favorite hedge against inflation. The Group of Seven – central bankers from  France, Germany, Italy, Japan, […]

Hecla Mining → up $0.14 or 3.3% to $4.39 Pan American Silver → up $0.60 or 3.6% to $17.18. Silver Standard Resources → up $0.59 or 5.4% to $11.59. Silver Wheaton → up $1.16 or 4.6% to $26.64.   This volatility is what traders profit from. Open a free $100,000 demo practice account today with […]

Gold and silver prices fell sharply after US PMI (Purchasing Managers’ Index) data. Currently, world economies are being bolstered by active growth in the US, so today’s PMI data was a setback for metals prices. The PMI is a survey given out to purchasing managers in Chicago asking them to rate their relative level of a […]

Copper prices fell to a 4-month low on Friday after a decline in Chinese growth and the EuroZone debt crisis reduced demand. As Greece investigates options for leaving the European Union, manufacturing demands in Europe fell to their lowest levels in 3 years. Copper is a very important component in manufacturing. Chinese manufacturing has also […]

Hecla Mining → up $0.25 or 6.2% to $4.31. Pan American Silver → up $0.85 or 5.2% to $17.13. Silver Standard Resources → up $0.44 or 4% to $11.37. Silver Wheaton → up $0.95 or 3.7% to $26.41. This volatility is what traders profit from. Open a free $100,000 demo practice account today with Ava FX, […]