Silvernews
Ölpreise deutlich unter Druck - Gerüchte über Rohstofffonds belasten
http://www.godmode-trader.de/nachricht/...asten-WTI-Oel,a3033931.html
http://www.marketwatch.com/story/...march-minutes-2013-02-20-13915947
warum fallen bei einem frühzeitigen ende von QE3 nahezu alle indizes ?? steh ich jetzt auf der strippe ?
sich den tag schön redet, um dann erkennen zu müssen, dass die realität schneller als die eigene denke ist :( selbst beim stranzl )
http://www.rohstoff-welt.de/news/...enphase-2C-und-niemand-will-gehen
Das ist wie im Rest der Welt, dass Papierzeug, ob Geld oder Kontrakte, regiert die Welt.
Warum steigt der Dollar, wenn die amerikanische Wirtschaft keine QE-Unterstützung mehr bekommt?
Er sollte doch dann normalerweise fallen!
Wenn der Dollar Steigt, sollte doch normalerweise Gold & Silber steigen. Beide sind ja schliesslich an den Dollar gekoppelt! Was tun sie beide? Sie fallen.
Normale Logik hat der Markt schon lange nicht mehr. Deshalb ist Börse ja auch immer so spannend, denn keiner weiß genau wo es hingeht!
http://news.goldseek.com/GoldSeek/1361375022.php
Das kann man durchaus so sehen! Aber die Fed will ja mit solchen Massnahmen die eigene Wirtschaft stärken und die Arbeitslosigkeit abbauen.
Wenn ich meine eigene Wirtschaft schwäche, funktioniert das nicht!
Wie gesagt das streiten sich schon Experten drüber!
Lassen wir es gut sein, denn eine Diskussion darüber lenkt hier zu weit vom Thema ab und genau das wollte ich mit diesem Thread hier gerne vermeiden!
x-te silberforum, hoffentlich das letzte mit inhalt dem ich beiwohne , kann man sehr leicht im ersten posting des verfassers lesen.
""Nachrichten die absolut nichts mit dem Thema Silber und Preisentwicklung zu tun haben, sind hier nicht erwünscht.
Unseriöse Nachrichten und Blogs, mit maßlosen Übertreibungen wie man sie z.B. bei KWN, oder You Tube findet, sind ebenfalls unerwünscht.""
kurzfristige auschweifungen wegen der tagesaktulität finde ich in ordnung, sollten aber nicht zum : jetzt ich - jetzt du ......et encore une fois retour.....ausarten. ich will mich hier eigentlich nur mit edelmetallen befassen.
http://news.goldseek.com/GoldSeeker/1361394936.php
rechnet halt nach dem public kurs, in euro sieht es eigentlich noch schlechter aus :
Angehängte Grafik:
silber_3m.png
silber_3m.png
sieht es noch deprimierender aus -aktuell 21,49 euro ! -ich möchte allen , die auf werterhalt pochen, einen langen atem anraten. jeder , der nicht vor frühjahr 2011 tief in die kiste gegriffen hat, steht infaltionsbereinigt in der pfütze. ( ich habe auch schon 2x 100 phillies für je 2780 euro gekauft -bei allerdings gegengerechnet auch vielen unzen unter 15 €....... e.k. klappt noch ganz gut, aber wertzuwachs habe ich in den letzten knapp 3 jahren mit silber geschaffen! ) ___ bitte keine diskussion über : wertzuwachs, da aktien mir eine ganz andere seite des möglichen gezeigt haben.sniff
The True Silver Mining Cost - What Does It REALLY Cost To Mine Silver?
1209081-the-true-silver-mining-cost-what-does-it-really-cost-to-mine-silver
http://seekingalpha.com/article/...does-it-really-cost-to-mine-silver
Zum Artikel:
The silver ETFs (SLV, SIVR, PSLV) and the silver mining equities have had a rough time the past two months, and many investors have just thrown in the towel. However, is now really the time to quit on silver?
One of the key factors that we need to analyze is related to the actual cost of mining silver -- that will help us answer the question if it is time to sell or accumulate SLV.
Introduction
One of the metrics for analyzing any commodity or commodity-based equity (such as the silver miners) is to understand the cost of production -- how much does it actually cost for silver miners to mine silver?
This is very important because unlike gold, industrial demand uses up most silver production. Since about 75% of all new silver supply is mined every year, the actual cost that is involved in mining silver will be very important in determining future supply. If the price is too low, the supply coming from the mines will drop (new projects are curtailed, existing operations are cut, and junior companies simply go out of business), which causes physical silver shortages.
According to the most recent statistics published by the Silver Institute, 2011 silver demand was 1.04 billion ounces, with approximately 877 million ounces used for industrial usage. This silver is needed by the physical market and is used up in production, which makes it much different from gold, since gold is mostly kept as a store of value in societies across the world, while silver serves both the store of value role and is used up in industry. This silver demand is more or less fixed, and as the price goes down, demand may rise as industry stores silver for future production or use more silver as a replacement for other substitutes.
Calculating The True Mining Cost of Silver - Our Methodology
Publicly traded silver companies offer investors a quick non-GAAP formula to give investors a glimpse at their costs per ounce, called "cash costs." This measure may vary slightly from company to company (it is non-GAAP after all), but it is generally their "mining costs" (cost to operate their mines, process silver, pay miners, etc.) divided by the amount of silver equivalent ounces produced. For example, in its 2012 3Q statement, Pan American Silver (PAAS) reported its consolidated cash costs as $13.87 per ounce of silver.
This measure is completely misleading, and selectively reports costs without really giving investors a true picture into the cost it takes to produce silver. If PAAS were truly earning $17.00 per ounce, then its EPS would be much higher than its $38 million reported earnings for the quarter (more along the lines of $100+ million).
The problem is that "cash costs" only include the costs it takes to directly operate the mines, but completely ignores all the other costs of the company, such as administrative costs, royalties, taxes, financing costs, etc. When these costs are included, the true price of silver becomes much higher.
That is why it is important that investors calculate the true costs of silver by adding in all the costs that these companies do not consider "cash costs" and then dividing it by the amount of silver equivalent ounces produced.
Here is how you find the true mining costs for PAAS using the most recent quarter. For the equivalent ounce calculations, I used a gold-to-silver ratio of 50:1, copper-to-silver ratio of 9:1, zinc-to-silver and lead-to-silver ratio of 36:1 -- you may vary it a bit depending on the price of each of those metals you want to use, but it really does not make much difference to the ultimate cost. Also, I have removed a $14 million derivative loss booked by PAAS, since it is not relevant to the actual cost of producing silver (more like a poor bet by management).
As you can see, the real cost of producing an ounce of silver for 3Q 2012 was $24.98, NOT the aforementioned $13.87 -- a much more accurate number for investors to use when analyzing PAAS and the silver market.
So What Are The Industry's TRUE Silver Costs?
The purpose of this article is not to analyze PAAS, but rather, the whole silver industry to determine the cost of producing silver. To do so, I used the methodology that I have shown you above and applied it to as many public silver companies as I could find.
This is what I came up with for 3Q 2012 (the most recent reported quarter), which includes the reported costs of Coeur d'Alene Mines (CDE), Hecla Mining (HL), PAAS, Endeavour Silver (EXK), First Majestic (AG), Silver Standard Resources (SSRI), and Gold Resource Corporation (GORO).
The third quarter production of these companies incorporates 27 million equivalent ounces and comes out to about $26.54 per ounce of silver -- this should be shocking to investors who follow the "cash cost" number offered by silver companies.
Conclusion
Using this information helps us assess our silver investments, which is especially important during this major market downturn. When the true costs of production are so close to the actual silver price, this is a sign that silver is a commodity that needs to be owned -- there really is very little room for it to drop before even producing miners run into serious problems (if they haven't already).
Currently, 4Q 2012 numbers are not out yet for these silver miners (and if you follow me, I will try to post costs as they come in), but most mining executives are facing increasing costs, so I would not be surprised to see the number actually rise.
So SLV investors, steady yourselves and hold tight, because there really is a solid floor for silver at the physical cost level, and what we are seeing now is fund liquidation and shorting (see my article, "COTS Report: Gold Hasn't Been This Shorted Since 2008"). The paper markets are the short-term drivers of silver, but in the end, the physical markets are the true determinants of price.
And IF silver drops below this $26 level (though I don't think it will happen), then buy as much physical silver as you can, because then it may get REALLY interesting when the silver industry starts buying COMEX contracts and asking for delivery because miners are not producing enough (or are not willing to sell at current prices).
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...On Gold, Silver, & Mining Shares
bullmarketthinking.com/sac-capital-partners-bets-a-quarter-billion-on-gold-silver-mining-shares/
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http://news.sharpspixley.com/article/...-technically-deflated/153609/