Precious Metals

Bullion Vault reports that analyst David Jollie at Mitsui in London said that silver investing is suffering “irrational exuberance” – quoting a phrase used by former Fed chairman Alan Greenspan to describe the early stages of the DotCom Bubble in the mid-1990s.

Bullion Vault reports that analyst David Jollie at Mitsui in London said that silver investing is suffering “irrational exuberance” – quoting a phrase used by former Fed chairman Alan Greenspan to describe the early stages of the DotCom Bubble in the mid-1990s.

The report is quoted as saying:

“Geopolitical tensions in the MENA region continue to fester,” says Standard Bank in its daily gold and silver note, “keeping risk aversion elevated…and enhancing the appeal of safe-haven assets.

“In addition, the surge in oil prices is keeping fears of rising global inflation alive…Unlike Egypt, Libya is a significant oil producer. We maintain our view [first published on Feb. 3rd] that IEA and OECD countries should put their Strategic Petroleum Reserve (SPR) on a standby, ready to be released.”

Click here to access the entire report.

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Markets
TSX20197.61+15.69
TSXV702.09-3.49
DOW31261.90+8.77
S&P 5003901.36+0.57
NASD11354.62-33.88
ASX7145.60+81.10

COMMODITIES

Commodities
Gold1848.05+1.65
Silver21.83+0.11
Copper4.32+0.04
Palladium1981.50+24.38
Platinum961.00+6.52
Oil109.72-0.56
Heating Oil3.620.00
Natural Gas8.09+0.01

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