argent métal, correction ou poursuite de la hausse ?

personnellement, je pense que tant que les futures de l'argent restent en backwardation, cela signifie qu'aucun vendeur n'est tenté par le cours actuel, pour vendre d'importantes quantités de physique.

tant qu'un prix "satisfaisant" ne sera pas trouvé, le cours du métal continuera de monter

John Embry et JamesTurk, sont également haussiers

l'inconcevable short position de JPM, combinée à la forte demande industrielle pour l'argent, et la dévaluation des devises, sont les arguments principaux développés par Embry

JP_Morgan_Massive_Short_Position_Causing_Silver_Spike.html

pour Turk, il est surtout question de la chute imminente du dollar. pour le moment, JPM ne couvre pas encore ses shorts ..il n'ose simplement plus en ajouter, première cible de prix : 50 $ l'once d'argent

on the edge of chaos, dollar to plumet

Moriarty, prédit, quand à lui une chute imminente des cours de l'argent.. mais il s'est tellement planté à ce sujet, notamment lors de son dernier avertissement, le 25 mars dernier, lorsque le cours de l'argent était à 37.50$...on est à présent 21% plus haut...

http://www.321gold.com/editorials/moriarty/moriarty032511.html

l'argent corrige fortement depuis hier.. après avoir touché 49.50 $...

ha ba voila ... c'est un nième relévement des appels de couverture qui a enclenché la correction sur l'argent, amorcée hier ..

rien de "naturel" dans tout ça


http://traderdannorcini.blogspot.com/2011/04/cme-group-hikes-margin-requirements-for.html

d'après james Turk, les futures de l'argent sont toujours en backwardation, la correction devrait être brève

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/4/26_James_Turk_-_Silver_Still_in_Backwardation%2C_Headed_Higher.html

analyse technique argent métal chez Norcini
résistance et top intermédiaire à 49.80 $
gros support à 42$, 44.60 et 43.50 en supports intermédiaires ..

http://traderdannorcini.blogspot.com/2011/04/silver-8-hour-chart-update_26.html

shangai a également relevé ses appels de couverture pour les futures de l'argent



The Shanghai Gold Exchange (SGE) said it had raised the level of deposit required for its silver forward contract by 3 percent and may roll out further measures to curb excessive speculation and manage price volatility.
The SGE said margins on its silver [Ag (T+D)] forward contract had been raised to 15 percent from April 25 compared with the previous 12 percent, according to a notice posted on its website (www.sge.sh).
The SGE also it would raise from Tuesday the daily price limit for the contract, which has a lot size of one kilogram, to 8 percent over or under the previous session's settlement from the previous 7 percent.
"Should the market continues to show signs of overheating, the exchange will implement other measures such as raising the deferred rates to improve risk controls," it said…

pour le comex, le relévement des couvertures concerne exclusivement l'argent, tout les détails sur kitco

http://www.kitco.com/reports/KitcoNews20110425DeC_CME.html

tout ça coincide pil poil avec le calendrier du cartel :
expiration options or et argent, aujourd'hui 26 avril, et fmoc meeting demain

comme d'hab, quoi ..

Et bim ! Retour sur $47 dès après la cloute des options...

ba dis donc..c'est en effet déjà terminé... correction éclair autour de la cloture otions et du fmoc meeting

or:1527.20$ +1.35%
argent 47.91 $ +5.04%
ratio or argent :31.89

hui 585.89 +2.03%
avec les minières argent qui rebondissent fortement

et le $ qui n'en fini pas de sombrer
euro$ 1.4785 +1%

Graphe hui doit absolument casser la résistance des 602

Citation :

Graphe hui doit absolument casser la résistance des 602

pour moi, c'est 593 sur 2 cloutes (point bas du dernier point bas avant le top=592.50).

même analyse chez Arensberg


La nouvelle édition du Got Gold Report, écrit et posté par Gene Arensberg la nuit dernière, attribue la chute du prix de l’argent à l’augmentation de la couverture pour les futures argent du comex. Arensberg ajoute également que les commerciaux sont toujours aussi frileux à ajouter de nouveaux shorts ... alors que le cours de l'argent monte ..

L’argent, écrit-il, est toujours en phase de backwardation et les réserves du Comex disponibles à la livraison ont diminué de manière significative et sont désormais à des niveaux bien trop bas pour permettre la livraison de tous les contrats. Arensberg pense qu’une augmentation de la volatilité est dans les cartons

http://www.gotgoldreport.com/2011/04/cme-margin-cold-water-for-red-hot-silver.html#more

après l'attaque éclair et ratée de la fermeture de londres, le rebond d'hier se poursuit

l'argent étant tjs en backwardation, les escarmouches du cartel pour défendre la résistance autour des 50$ sont vaines, à provoquer la correction qu'ils appellent de leurs voeux

or:1536.50$ +0.57%
argent 48.40 $ +1.30%
ratio or argent 31.74

avec un $ tjs baissier
euro$ 1.4823 +0.34%

le hui est par contre tjs en baisse 582.96 -0.50%
voir graphe

2eme relévement des appels de couverture de la semaine , sur les futures de l'argent

effectif à partir de la cloture de vendredi 29 avril

encore +13% pour l'argent qui est le seul métal concerné !


http://www.zerohedge.com/article/second-silver-margin-hike-one-week-now-priced

l'or prend la reléve de l'argent et fait de nouveaux plus hauts historiques en $
le 2eme relévement ( dans la même semaine ) des appels de couverture sur l'argent fait son effet et bloque sur la résistance des 50 $
résistance qui devra être franchie rapidement, sous peine de correction...d'après Norcini

or:1562.30$ +1.66%
argent:48.45 $ -0.12%
ratio or argent, en hausse :32.20

euro$ 1.4808 -0.11%

Hui 592.49 +1.63%

http://silver-metal-investment.blogspot.com/2011/04/no-silver-lining-left-for-users-of.html


No Silver Lining Left for Users of the Metal





Posted by PRECIOUS-METAL-INVESTMENT 00:08





Silver
investors are smiling about this year's rally in the price of the precious
metal, now closing in on an all-time high. But silver's surge is hurting major
users and even a few miners, including some blindsided by the relentless
climb.
Nearly 75% of the world's silver supply is used to make film,
jewelry, mirrors, batteries, solar panels and other products. While
companies have scrambled to find cheaper substitutes, reduce their silver use or
lock in hedges against future price increases, the moves aren't enough to offset
the pain.

"We're raising prices, indexing contracts, hedging and moving
as fast as we can with the part of the portfolio that's not silver dependent,"
Eastman
Kodak Co. Chief Executive Antonio Perez told
analysts in an earnings call Thursday. Rising
commodity costs, especially for silver used in film manufacturing, helped drag
Kodak to a first-quarter net loss of $246 million.
Every $1 increase in the per-ounce price of silver subtracts
$10 million to $15 million from the Rochester, N.Y., company's bottom line.
Kodak increased motion-picture-film prices in March and might have to do that
again, Mr. Perez warned. The company also is trying to shrink its dependence on
silver.
Silver closed Thursday at $47.52 a troy ounce, up $1.562, or 3.4%,
and just short of the $48.70 record settlement reached in 1980. Adjusted for
inflation, that record price would be equivalent to $139.88 today.

After
skyrocketing 84% in 2010, silver prices have jumped another 54% so far this
year. In comparison, gold is up 7.7%, hitting a new record of $1,530.80 an ounce
on Thursday.
Much of the recent silver price jolt has been fueled by
investors who are piling into exchange-traded funds and bullion as a way to
hedge against inflation or currency declines.
But the latest surge overran
expectations of some silver producers. As prices rose late last year, some
miners stepped into the market to lock in profits.
U.S. Silver Corp., with
several mines in Idaho, promised to sell 500,000 ounces at a fixed price of
$27.50 an ounce—or 20% of its projected silver output in 2011. Executives
figured that would leave the Toronto company with a hefty profit margin.
But
when prices kept soaring, U.S. Silver had to post more collateral. "I wouldn't
have expected it to be this high, and I don't have any better crystal ball than
the next person," says U.S. Silver CEO Tom Parker. "You can always look into the
past and say that's a dumb decision. But at the time, it seemed to be a prudent
thing to do."

U.S. Silver has no plans to hedge any more of its silver
production at the current price.
At DuPont
Co., silver is the largest metal cost in the unit that makes silver paste, which
is needed for plasma TVs and other electronic products. DuPont is working on
technologies to reduce or replace silver when possible, says David Miller, the
division's president. "We're looking for alternatives," he says.
DuPont
passes along changes in silver prices at the time of delivery. So far, customers
are putting up with the jumps and haven't delayed orders.
Solar-panel maker
Suntech
Power Holdings Co. is trying to rev up production of solar cells that use
copper instead of silver. A thin layer of silver is coated on the surface of
cells because of its ability to conduct electricity.
The Chinese company last
year introduced its "Pluto cell," made from copper costing $4.25 a pound. But
90% of Suntech's solar cells still require the use of silver.
Rory
Macpherson, Suntech director of investor relations, says the company is trying
to cut expenses elsewhere in its supply chain but will have to absorb some of
the rise in silver prices.
Danish jeweler Pandora AS, which operates in 60
countries, raised prices early in this year's first quarter in order to stick to
its profit-margin target of 40% for 2011, says Mikkel Olesen, the company's CEO.
Still, as silver keeps climbing, Pandora is considering another round of price
increases in the third quarter.
Beautiful Silver Jewelry, an online jewelry
retailer, now is selling more items made from stainless steel or rhodium-plated
material, in addition to its inventory of sterling silver. "We didn't anticipate
prices rising quite this far," says Jane Ingraham, the San Diego company's
owner.
The big winners as silver defies gravity include precious-metal
refineries, where people sell silverware, old jewelry and industrial products
that contain silver.
"We and every other refinery are all inundated with
silver scrap business," says Terry Hanlon, president of Dillon Gage Metals,
which operates a refinery in Dallas. The amount of second-hand silver bought by
the company is up by about 70% during the past six months. Dillon Gage recently
bought two new furnaces to meet demand.
The influx of scrap silver and
manufacturers' efforts to reduce reliance on silver eventually will restore
gravity to the market, predicts Philip Klapwijk, executive chairman of GFMS
Ltd., a London metals consulting firm.
"But I don't
think things will change very quickly because of silver's unique
characteristics," he says. GFMS expects industrial demand for silver to
grow at a 6.5% annual rate through 2015, propelled by emerging markets and the
technology
sector.

http://online.wsj.com/article/SB10001424052748703643104576291422938373638.html?mod=googlenews_wsj