The euro's rebound reduced demand for the precious metal as a haven against European-debt concerns, with the euro headed for a third straight weekly gain after topping $1.30 for the first time since May 10. "There’s continued unwinding of the gold-euro trade," said Frank McGhee, head dealer at Integrated Brokerage Services LLC. "As the euro firms up, the risk premium comes off." The Reuters/Jefferies CRB Index of 19 raw materials also fell as much as 1.3%..
Since April this year, silver has found support around $17.50/oz and resistance at $18.50/oz and again at $19.50/oz. Currently, the market appears to be consolidating at around $18/oz. With such bullish fundamentals, these price dips towards $18/oz should be used as buying opportunities - my goal is to stay positive and don't get caught up in the bolsheviks 666 banksters evils creationz by negz of suicidez firez -
Got PM's Ag USA/USSIF silver mine penny play :-) great profitable silver mines dd.. :-) ..
The historic mining town of Wallace (population 960) is nestled beneath Interstate 90, halfway between two ski and recreation areas in northern Idaho's beautiful Silver Valley.
USSIF/USA's agenda priority should be to establish the control of at least 51% of the outst. shares - so the khazar's 666 bolsheviks banksters gangsters - have it more difficult to destroy, plunder and rob - the companies hard asset values and put the miners and shareholders in their super red bloody slavery chains etc.
USSIF/USA's shareholder we should all be encouraging the company to look at buying shares back and all the way up - while the silver Ag price is below $30 per ounce - and the USA/USSIF share are undervalued and oversold - its a great opportunity of USSIF below - a fiat$/sh to start the buy back -
"U. S. Silver generates 6% of U.S. silver production from its Galena Mine and Mill. The company's holdings are a combination of fee land, patented mining claims, unpatented mining claims and mining leases. As of 2010, it is profitable, carries no debt and produces silver at an average cost of $11.50/oz. With completion of rehab efforts/opening of the Galena shaft, the company can now move ore from two shafts. Two distinct ore combinations are present—a lead/silver ore and a silver/copper ore. . .With both shafts now operating, the company expects to produce 3.3 Moz. Ag (not silver-equivalent) in 2011. Current production is running at about 2.7 Moz. annualized." David Morgan, Morgan Report (07/06/10)