Thanks for the bid price, however, a current bid price on a commodity is outdated before you can post it. What is more important is the price trend and the reasons for that trend. Right now the trend for silver and other commodities is higher and will reverse (generally) when the US dollar strengthens relative to other currencies, jobless rates fall, QE2 is reversed, deficit spending is reversed, interest rates rise, the mood of America improves and/or some other non-recognized (at this time) long term occurence. Supply and demand also has an impact on commodities, see cotton and corn, but the impact can be/ is accentuated by the traders. The prior is FWIW, and just my 2 cents worth. George
http://www.kitco.com/reports/KitcoNews20110215DeC_silver.html
|