NASDAQ:SSRI

Silver Prices Still Rangebound, Silver Stocks Update

April 2, 2012 By Leave a Comment

Gold and silverSilver prices are mirroring gold. Up, down, up and then back down. Staying within a range, silver seems to be mirroring the broader equity markets. Everything seems geared towards what’s the next shoe to drop. Will the equity markets continue their rally? Correction time? QE3? Lots of unanswered questions out there and it manifests itself in the precious metals in the lack of direction in price.

Silver prices are currently up 72 cents to $33 per ounce.

Silver Stocks to Watch

iShares Silver Trust (NYSEARCA:SLV) is up 2.14% this morning at $32.04. SLV has traded 3.1 million shares so far today and trades 19.8 million shares a day on average. SLV shares are up $1 in the past three days. [Read more...]

Filed Under: Blog, News, Stocks Tagged With: , , , , , , ,

Silver Still Drifting But Avoids Quarterly Loss. Silver Stock Update.

March 30, 2012 By Leave a Comment

Gold and silverSilver prices are following gold’s lead today, up slightly on news out of the EU and Asia. Growth concerns there are giving rise to the likelihood of further easing policies out of the Fed.

The metal is also trying to avoid its 4th straight quarterly loss. Hampering the prices are the new import taxes instituted in India. This is stifling global demand and could keep silver prices in their current range. Short-term traders would probably be better off waiting for a clearer indication on QE3’s start (if it does) while long-term seem to be content to wait for the breakout due to their own economic thesis regarding fiat currencies. [Read more...]

Filed Under: Blog, News, Stocks Tagged With: , , , , , , ,

Silver Prices Tethered to Gold, Look For Direction. Silver Stocks Update

March 29, 2012 By Leave a Comment

Gold and silverSilver prices are correlating strongly to gold prices this morning. Down over 20 cents, silver seems to be following the path of gold. Investors seem to sense that a new round of QE is coming, but just don’t know when. The lack of any strong direction has the metal adrift in the market. This has silver prices trending lower after the big spike caused by the Bernanke speech this past Tuesday.

Long term silver bulls, the ones that follow Ron Paul, marc Faber and Max Keiser are all looking forward to the next fed meeting. Plus the jobs numbers this morning were hilarious if you actually read the full release. They did the upward revision on the order of 5% just to say there was a drop. At this point it isn’t a question of if there will be more monetary easing. It is when. And that’s why you have silver drifting around, sometimes positive, other times negative. Today happens to be that negative day. [Read more...]

Filed Under: Blog, News, Stocks Tagged With: , , , , , , , ,

Silver Prices Dip, Bernanke Speech Fails to Breakout the Metal. Silver Stocks to Watch

March 28, 2012 By Leave a Comment

Gold and silverCurrently down over 30 cents, silver is following gold prices in that they are still range bound. The speech by Bernanke undoubtedly gave a short-term boost but it seems that the market is looking for actual action on the monetary easing front to push the metals higher.

With Bernanke saying the labor market growth is probably not sustainable, it should not be long for traders to see the movement they are looking for. Will be interesting if it can break through the range it has been in for the past few weeks. If so it could be that good old days for silver will be back and the silver bulls will be back in control. [Read more...]

Filed Under: Blog, News, Stocks Tagged With: , , , , , , , ,

Silver Prices Up on QE3 Hopes, Silver Stocks to Watch

March 27, 2012 By Leave a Comment

Gold and silverAfter a dismal few weeks, silver prices finally received a needed boost in the form a Fed Chairman speech. The metal had been languishing in the high 20s due to positive economic outlooks and profit taking by short-term traders.

As of right now, spot silver is up 20 cents to just over $33 per ounce. With consumer confidence data on tap for today, the metal could be buoyed if consumers start to feel the pinch at the pump. This could slow economic growth and hasten the return of QE and other monetary easing policies. [Read more...]

Filed Under: Blog, News, Stocks Tagged With: , , , , , , ,

Silver Prices Rise on Bernanke Speech, Silver Stocks to Watch

March 26, 2012 By Leave a Comment

Gold and silverA market wide rally is taking place right after Fed Chairman Ben Bernanke gave a speech on the economy. In his speech, Bernanke continued to reiterate that interest rates will stay low. Some analysts were encouraged after Bernanke did said little to rule out the possibility of more quantitative easing (QE).

Silver prices jumped along with other commodities including gold after Bernanke’s remarks. Silver for March delivery is currently trading up 1.25% at $32.65. Silver prices had been getting hit hard over the past month, falling from over $35 to around $31.50. Silver prices would rise if another round of QE hit due to inflation from the printing of money.

A quick look at stocks show the Dow up 134 points, the Nasdaq up 33 points and the S&P 500 up 14 points. [Read more...]

Filed Under: Blog, News, Stocks Tagged With: , , , , , , , ,

Silver Up This Morning as Dollar Falls, Silver Stocks to Watch

March 23, 2012 By Leave a Comment

Gold and silverSilver prices are seeing slight gains this morning as the dollar trades lower against the euro. Silver prices have been trading in a significant downtrend over the past month, trading from $37 to below $32. Silver futures for April are currently trading up 1.94% at $31.93.

The euro is bouncing back against the dollar some today as investors are not as worried over slowing Chinese and euro zone growth as they were earlier in the week. The EUR/USD pair is currently trading at 1.3252.

The overall market is trading lower this morning as new home sales fell to 313,000, a 1.6% drop from January. Prices for a new home rose more than 8% to $233,700, the highest since last June. The housing market continues to struggle to recover due to the massive numbers of used homes. A lot the huge inventory is due to foreclosures and these homes typically sell below their market value.

A quick look at the major indices show the Dow down 9 points, the Nasdaq down 11 points and the S&P 500 down 1 point. [Read more...]

Filed Under: Blog, News, Stocks Tagged With: , , , , ,

Silver Prices Slip, Silver Stocks to Watch

March 14, 2012 By Leave a Comment

Gold and silverSilver prices slipped in early trading today as the dollar continues to gain strength. The dollar is strengthening after the Fed meeting yesterday where they gave no hints at any further monetary easing. The Fed also indicated that the economy was growing at a moderate pace. Not exactly a death knell for silver, but the recovery is definitely crimping the silver bug’s style.

The dollar hit an 11-month high against the yen and also rose against the euro. The euro is down 0.4% against the dollar right now at 1.3023.

Silver futures are currently trading down 3.08% at $32.51. [Read more...]

Filed Under: Blog, News, Stocks Tagged With: , , , , , , , , ,

Silver Stocks in the Green: SSRI, EXK, CDE, HL, SLW

November 11, 2011 By Leave a Comment

Silver stocks are following the market upward today as well as silver prices. The current spot price for Silver is sitting at $34.64, an increase of $0.70.

Silver Standard Resources Inc. (NASDAQ:SSRI) is up $0.87 at $16.00, a gain of 5.75% today. SSRI has traded 1.5 million shares today, already matching its daily average volume. SSRI is bouncing back today after dropping from $19 to $15 yesterday following quarterly results. The company has a current market cap of 1.30 billion.

Endeavour Silver Corp. (NYSE:EXK) is up 6.29% at $11.98 in midday trading. EXK stock has traded 1.1 million shares today, about half its daily average with half the trading day left. EXK hit an intraday high of $12.05 earlier today. The company has a current market cap of 1.02 billion.

Coeur d’Alene Mines Corporation (NYSE:CDE) is up 5.28% today at $29.52. CDE has traded 973 thousand shares so far today with a daily average sitting at 2.2 million shares. CDE bounced back today after dipping from $29.50 to less than $27 on Wednesday and Thursday. The company has a current market cap of 2.66 billion.

Hecla Mining Co. (NYSE:HL) is up $0.32 at $6.64, a gain of 5% today. HL has traded 2.8 million shares so far today, and will likely trade less than its daily average of 8.7 million shares. The company has a current market cap of 1.86 billion.

Silver Wheaton Corp. (NYSE:SLW) is up $1.23 at $36.29, a gain of 3.57%. SLW has traded 2.2 million shares so far today with 7 million shares traded on average. The company has a current market cap of 12.85 billion.

Get Our Weekly Newsletter

Filed Under: Blog, News, Stocks Tagged With: , , , , , ,

Stocks in the Red: DPTR, TRX, GMCR, PEGA, SSRI

November 10, 2011 By Leave a Comment

Stocks started the day rallying after the Dow suffered a nearly 400 point drop yesterday as the European debt crisis appeared to get worse. The market has since lost momentum and is trading only slightly higher this morning.

Some stocks are getting hammered today because of poor quarterly results or other reasons. Stocks getting hit the hardest include – DPTR, TRX, GMCR, PEGA and SSRI.

Delta Petroleum Corp. (NASDAQ:DPTR) is down $1.40 at $0.6410 today, a loss of 68.73%. The company said this morning they may seek bankruptcy protection. The company reported a third quarter loss of $15.40/share versus EPS $0.49 last year. Delta Petroleum saw a sixteen times jump in operating costs. DPTR has traded 2.6 million shares so far today, 20 times its average volume. The company’s market cap plummeted today and is sitting at 18.52 million.

Tanzanian Royalty Exploration Corp. (AMEX:TRX) is down 41.81% at $1.99 today. TRX is down on heavy volume with 8.3 million shares traded, well above its daily average volume of 538 thousand shares. TRX hit a new 52-week low this morning of $1.56. The company has a current market cap of 186.16 million.

Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) is down 37.82% this morning at $41.73. This steep sell off comes as the company’s fourth quarter revenue fell short of analysts expectations. The company’s sales rose 91% from a year ago to $712 million, but fell short of the $760.5 million analysts had expected. GMCR shares have lost more than 50% over the past month after David Einhorn, a hedge fund manager, criticized the company’s accounting policies. Green Mountain has a current market cap of 6.44 billion.

Pegasystems Inc. (NASDAQ:PEGA) is down $7.93 at $29.11, a loss of 21.41%. PEGA is down on heavy volume after the company’s third quarter results fell short of expectations. The company announced EPS of $0.61, analysts were expecting $1.17. The stock has traded 1.4 million shares so far today, five times its average. PEGA has a current market cap of 1.09 billion.

Silver Standard Resources Inc. (NASDAQ:SSRI) is down 22.47% this morning at $14.84. The stock is dipping after the company announced third quarter results this morning. SSRI is down on above average volume with 3.4 million shares traded, three times its average daily volume. The company has a current market cap of 1.21 billion.

Filed Under: Blog, News, Stocks Tagged With: , , , , ,
Real Time Web Analytics