Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Thursday, June 07, 2007

Gold and silver Update

Don't let yesterday's pullback worry you.

South African gold production falls ANOTHER 8.2% year over year. Meanwhile, overall mineral production increased 0.6% in April compared with the same month a year earlier.

Silver to shine on investor interest, ETFs. LONDON (Reuters) - Investors and exchange-traded funds regardless of fundamental factors may drive the price of silver to new highs this year, having already tripled in four years, analysts say.

Shanghai Gold Exchange to offer gold, silver futures through derivatives trading. Chairman Shen Xiangrong told the Shanghai Daily that China's central bank, the People's Bank of China, has already granted its approval for the gold exchange to trade gold and silver futures.

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