Silver Price Forecast To Gain 29% in 2013

Today’s AM fix was USD 1,667.00, EUR 1,259.25 and GBP 1,024.96 per ounce.
Yesterday’s AM fix was USD 1,674.50, EUR 1,261.49 and GBP 1,027.87 per ounce.

Cross Currency Table

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Weekly Outlook of Financial Markets for December 31- January 4

During the previous week, major commodities remained mostly unchanged as the markets slowed down due to the Holiday. Even the uncertainty around the fiscal cliff didn’t seem to affect the foreign exchange and commodities markets. Last week several U.S reports were published: U.S new home sales increased last month; U.S consumer confidence slipped in December; the U.S jobless claims decreased by 12k to reach 350k. These news items didn’t seem to affect commodities prices during the week. Next week is likely to also be characterized with low volatility in the markets, unless of course there will be a surprise from the debate between the White House and Congress in tackling the fiscal cliff. Several reports and events may affect the financial markets during the forthcoming week. These include: U.S core durable goods, ECB President will give a speech, Canada’s GDP, Japan’s trade balance, U.S non-farm payroll report, EU monetary development, U.S and China’s manufacturing PMI reports, Canada’s employment update, German retail sales, and U.S. jobless claims. Here is an economic news calendar projection for December 31st to January 4th regarding the U.S, EU, Canada, China and Great Britain. Continue reading

Gerald Celente on 2013, Gold and Silver and WW III

By Greg Hunter’s

Trends forecaster Gerald Celente predicts the global financial system will continue to be propped up.  Celente says, “The scheme continues to go, the scheme being dumping cheap money into the system to perpetuate an economy that should have crashed in 2008.  So, for 2013, our best shot is more of the same, but worse.”  Celente’s advice for people who want to protect themselves financially, “Continue to buy gold and silver because a currency war has broken out.”  Celente says gold’s assent has stalled because the financial elite “rigged the game” just like the $800 trillion global LIBOR interest rate market.  Celente asks, “Don’t you think they’re rigging the gold and silver markets?”  Celente contends the fuse is lit on the Middle East and North Africa.  He thinks, “The Arab Spring has nothing to do with a democracy movement.  It has to do with far too few having much too much and way too many having much too little.”  Celente predicts, “If anybody attacks Iran, it will be full-fledged World War III.”  Join Greg Hunter as he goes One-on-One with Gerald Celente, publisher of The Trends Journal.

Article Source: Usawatchdog