Why are Gold and Silver Selling Off?

再一次由市場講出.....價跌無貨,零售商零願持貨,都不願賤賣

http://www.wealthwire.com/

Before I conclude my essay I would like to point out two differences in the spot prices gold and silver. I do not believe gold will go much lower than $1500.00 an ounce. Silver however, despite being a hedge against the weak dollar also has industrial uses. If the economy continues to weaken silver could fall as far a $21.00 an ounce. I am certainly not saying that you would be able to buy silver for $21.00 an ounce. There would be margin hikes from the sellers and also I visited three very reputable distributors to day AMPEX, Gainesville and Northwest Territorial Mint and all three of these dealers were mysteriously out of stock on one ounce silver coins. I can only conclude that they are willing to sit on them until the price of silver goes back up.
In my opinion the reason these dealers would rather hold the silver then sell it is because I believe that silver will one day be worth more than gold. I believe that silver is incredibly undervalued. While this sounds like an outrageous claim, silver is actually rarer than gold. This is because silver has industrial applications and every day our technologies will require more and more silver to operate. Silver that is above the ground has been diminished by 91% since 1980, while the stockpile of gold has grown 600%. Take a look at this video. The video is a very compelling piece that makes a case for silver eventually being worth more than gold. This may be the last chance we will ever get to buy silver at these prices. 

Extreme Increase in Demand for Physical Gold & Silver Globally

人人都等銀價跌,大市跌就大量買入,這對銀甲蟲來講是非常好的事....

但好多時.價跌貨乾....想買都唔係咁容易買到,買實銀唔同買紙銀或ETF要幾多有幾多......
世事邊有咁理想......

King World News is continuing to get reports from sources around the world regarding tremendous physical demand in both gold and silver.  One source out of Norway told KWN, “What I can report from Norway, and as you know we are not part of the euro system, we are experiencing an extreme increase in physical demand for bullion, both in silver and also in gold.”  This report came in from Martin Mesicek, from Gold Source, the largest bullion dealer in Norway.

Martin Mesicek continues:

“As an example, I am experiencing longer than normal lead times for Silver American Eagles.  Clients are now waiting three or four weeks to get them.  Simultaneously, we are experiencing a shift in purchasing behavior.  It used to be that our clients bought on the way up in fear of losing their chances to buy.  Now we see the opposite.  People are reluctant to buy on the big increases, but once we see the dips, we see huge orders.  This is a major shift.  

So what we are seeing is that our clients are becoming more experienced and more wise about their purchases.  They buy on the dips and they accumulate in size.  As an example, we have seen a doubling and tripling of physical purchases into this decline.  Most importantly, these are the same clients that are buying, but in greatly increased quantities....

“You have to take into consideration that Norway is a very fiscally prudent country.  We have a positive trade balance, we have one of the greatest sovereign wealth funds in the world, we are an oil exporter, we have a strong currency and only 3% unemployment.  

All of this reduces the risk for Norwegian citizens of the country encountering financial problems, but still we see more and more private individuals, retail clients going into physical in a big way.  That is a major shift in the Norwegian market.

Our clients are not the mainstream investors.  The mainstream saver in Norway is still putting money into equities.  They are still saving up for their pension funds with banks that allocate the money into equities and mutual funds.  Our clients are people that read and listen to your show.  These are people that are getting their information from alternative media and they are interested in the global economic situation.

On a side note, many of our clients have an international background, where a spouse is from a country in South America, Asia, Eastern Europe or the US, and they have really felt the impact of bad currency decisions.”

http://futures.hexun.com/

CME將推出人民幣期貨新合約
全球领先且交易品种最为多样化的芝加哥商品交易所(CME)日前正在对其人民币期货市场进行重大调整，计划推出一系列新合约，以满足市场对人民币不断上升的投资意愿。
　　新的衍生品将参照目前在场外交易市场私下买卖的合约设立，将从8月份开始在芝加哥商品交易所平台交易。
　　芝加哥商品交易所推出人民币新合约的时机，适逢中国政府放松了对人民币的部分管制，以推进香港离岸人民币衍生品交易的发展。




芝加哥商品交易所周日(7月10日)晚間公佈，從8月22日起，全新完整規格的人民幣期貨合約以及針對零售和自營交易員的微型合約將在該交易所的全球電子交易系統(Globex)開始交易。
自2006年以來，這家總部設在芝加哥的公司已推出了一系列的人民幣外匯期貨合約，但由於人民幣尚未自由兌換，這些產品使用率相對較低。
新的期貨合約將參照目前銀行、資產管理經理以及公司私下買賣的用於對沖人民幣匯率波動風險的無本金交割遠期合約。新合約將反映出美元兌人民幣匯率的波動，該交易所集團同時還能將其擬議中的人民幣期貨市場與該交易所其他合約（通常以美元計價）的抵押品要求同步。
芝加哥商品交易所外匯業務董事總經理Roger Rutherford表示，這是交易產品的革新，將滿足市場的需求。
Rutherford表示，芝加哥商品交易所正試圖讓自身的產品與無本金交割遠期市場接軌，他指的是銀行和其他公司為對沖不能自由兌換貨幣的風險而私下買賣的期貨等衍生品合約。
人民幣交易在全球外匯市場中的比例依舊非常低。據國際清算銀行(BIS) 2010年調查顯示，人民幣交易在全球外匯市場日成交額中的比例可能僅僅為1%。
不過，芝加哥商品交易所仍希望利用亞太投資者對外匯衍生品交易的偏好獲利。據國際清算銀行稱，在2010年調查期間，亞太地區290億美元的人民幣交易中有三分之二的交易是以遠期、掉期以及其他工具形式執行的。
芝加哥商品交易所推出的與俄羅斯盧布、巴西雷亞爾掛鉤的結構性期貨產品已經為該公司帶來了業務，今年迄今為止，這兩類產品的成交量分別增長了350%和450%

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