Bullish !!!!
Silver outlook bullish for 2011 and into 2012-Thomson Reuters-GFMS
This year worldwide silver investment demand is expected to reach a value of $10bn on a net basis for the first time in history.
Author: Dorothy Kosich, Friday , 11 Nov 2011
RENO, NV -
A new Thomson Reuters-GFMS report, commissioned by The Silver Institute,
forecasts silver investment will achieve yet another historically high total this year in spite of a significant level of position unwinding by institutional investors.
In the report, "The Silver Investment Market-An Update, November 2011", Thomson Reuters-GFMS says the outlook for silver prices remains bullish, "
with the potential of prices nearing, if not exceeding, the $40/oz, a realistic prospect as the fourth quarter develops."
"However, should silver exceed $40," the report cautioned, "
some unwinding may occur, principally of institutional positions, given their focus on upside potential. This raises the possibility of some deleveraging in the future markets."
However, the study noted, "
this should have little impact on silver's safe haven qualities, with the potential for retail and HNW [high-net-worth] investors to raise their asset allocation (in favor of both silver and gold."
...
(
http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=139372&sn=Detail&pid=32)


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