5 things to look for that will Impact Silver

Wealth Wire - The largest silver producing mine in the world is the Cannington mine in Australia. Silver production at Cannington declined from 38.6 million oz in 2010, to only 32.2 million oz in 2011. The Fresnillo mine, which is the second highest silver producer in the world, saw its output drop from 35.9 million oz in 2010 down to 30.3 million oz in 2011.

For sake of clarity, Fresnillo plc is the name of the largest primary silver mining company in the world that operates several gold and silver projects. Fresnillo is also the name of its largest silver mine. Cannington’s silver ore grades fell from 453 g/t (grams per ton) at year end in 2010 to an average of only 352 g/t compared to the same period in 2011. This damage of declining ore grades becomes even more apparent when we look at the total amount of ore milled each year. In 2010, Cannington milled a total of 3,075,000 tonnes of ore compared to 3,213,000 tonnes in 2011. Even with a small increase in total milled ore in 2011 over 2010; Cannington’s silver production decreased 16.5%.

 IN THE END There is a war going between those who favor gold-silver and others who are clinging onto the last remnants of the US Dollar. The tactics utilized by the fiat monetary authorities in this campaign have been strategic dumping of massive gold and silver contracts, as well as the control of market sentiment by negative hit pieces put out by MSM analysts. While the conspiracy to manipulate the precious metal markets is more than likely being accomplished by only a select few, the majority of the damage is taking place in computer algorithm trading programs and through clueless analysts who get paid to regurgitate the information that is spoon-fed to them.
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Greek politicians traded insults and accusations following new talks with President Karolos Papoulias - Forex Insight

Europe is keeping a nervous eye on Greece, fearing that the political chaos there could lead to defaults on debt that could threaten the future of the euro. Greek failure -- or refusal -- to make debt payments could hurt banks across Europe. The talks with Papoulias came a week after elections in which angry voters punished mainstream parties by backing a range of fringe groups.

If no government can be cobbled together by May 17, new elections must be called. They would take place next month. Papoulias said he hoped he could help form a unity government, adding that "things in Greece are quite difficult" -- but things only looked more difficult after Sunday's talks.

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Spot  Trend and Go With It

Determine the trend and follow it. Market trends come in many sizes – long-term, intermediate-term and short-term. First, determine which one you're going to trade and use the appropriate chart. Make sure you trade in the direction of that trend. Buy dips if the trend is up. Sell rallies if the trend is down. If you're trading the intermediate trend, use daily and weekly charts. If you're day trading, use daily and intra-day charts. But in each case, let the longer range chart determine the trend, and then use the shorter term chart for timing.

Why it's better to own the euro than the US dollar Shorting the dollar could be considered.

from seeking alpha auther site There are many reasons why a currency goes up or down. Following list gives the most important ones:

Current account balance of the country
Total national debt of the country
Inflation rate
Interest rate

If the current account balance of the country is positive, a country will export more than it imports. As the population of the country exports more, they will receive more foreign money. This money will then be converted into their own currency, which is then spent or put in their banks. As the foreign money is converted into the money of the country's population their own currency will appreciate in value.

The larger the national debt of the country, the more expensive it will be to sell debt to foreigners. The government will then be obliged to monetize this debt to keep interest rates low and to be able to service this debt. Rising debt load will therefore devalue the currency.

The higher the inflation rate, the lower the currency will go. An example is Vietnam, where the dong lost much of its value due to high inflation.

When interest rates are lower than the inflation rate, there is no incentive for foreigners to buy why it's better to own the euro than the US dollar. There is a consequence to a lower currency value.


Very important aspects to look at when placing the US dollar against the EURO :




Let's look at the statistics:

1) Current account

The GDP of the US ($US 14,5 trillion) and the eurozone ($US 16 trillion) are approximately the same, so we can compare the current account balances of the two countries.

The current account deficit of the US is in the order of $US 110 billion per quarter, which amounts to $US 450 billion per year (2011).

For the Eurozone, the 12-month cumulated seasonally adjusted current account recorded a deficit of EUR 44.9 billion.

So in this case, the eurozone is the winner. Europe VS USA: 1-0.

Euro Area Current Account (Millions of EUR)

US Current Account (Billions of USD)

2) Total National Debt

Total US national debt is $US 15.5 trillion. Total eurozone national debt to GDP is 85%, which translates to $US 13.6 trillion. So again, Europe wins by a small margin. Europe VS USA: 2-0.

3) Inflation Rate

The inflation rate in the Eurozone is 2.6%, while the inflation rate in the US is 2.9%. And since we all know the US federal reserve is lying about inflation, the eurozone wins this one by a big margin. Europe VS USA: 3-0.

4) Interest Rate

The interest rate in the Eurozone is 1%, while the interest rate in the US is essentially zero. What's new, the euro wins again. Europe VS USA: 4-0 FOREX INSIGHT TEAM http://forexinsighters.com 305-6299490

ECB has come under pressure to participate in Greece’s PSI.

ECB has come under pressure to participate in Greece’s PSI. Reports that the IMF were pushing for this has quickly been denied. The ECB has also formally rejected participating. Nevertheless, Dallar

On one hand, the ECB sovereign bond purchases provides some liquidity to the private investors who want to get rid of their exposure and improve the transmission mechanism of monetary policy (or so claim ECB officials). On the other hand, their claim to senior status (first to get their money back, not participate in PSI) dilutes other investors. The legal basis of the ECB’s claim for preferential treatment seems elusive and done largely claimed by fiat. READ ALL of ARTICLE on Creditwritedown LINK


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UBS' Releases Most Dire Prediction To Date: Greece To Experience "Coercive" Restructuring

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"We anticipate that the crisis will deteriorate further than the stressed levels of late November
 We do not believe that Greek PSI will take place in a “voluntary” fashion but instead expect coercive restructuring of Greek debt either before or soon after the March redemption, triggering CDS contracts.- Zeohedge

Further more - "I also don't know if Portugal will stay in the euro. And if it leaves, it will be to the escudo,  Read on from source  LINK




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