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27.01.2012

Silver prices have made gains over the past two trading sessions with prices now solidly over the $30 per ounce psychological resistance level.

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01.01.2012

Silver closes the year on a low note - closing December at $27.86 per ounce.

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01.09.2011

Silver once again tops the $40 per ounce mark, closing August at $41.58.

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Mike Leonard:

"Hi Mike,

I just wanted to let you know I received my Maple Leaf Coin. It was flawless with a beautiful shine. So many people advertise uncirculated coins and usually they are not what is advertised. This coin was everything you said and more! I can't wait until next month.

To all the people on autoship, this is much better than getting a bottle of Tikitiki Juice and worth more money I would think.

Thanks! Irish Mike Leonard 1050"

John Richardson:

"Mike:
Thank you for your integrity. I have been taken a number of times on the Internet by different programs. I am glad to say XAGnetwork is great. I just received my 2nd coin today. The Canadian Maple Leaf is a fine piece of Silver. I look forward to receiving many more.
Thanks. John Richardson"

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Silver 1 year trend
 

News List
Jan-27-2012 : Silver Surpasses $33 on US Fed Statements

Silver prices have made gains over the past two trading sessions with prices now solidly over the $30 per ounce psychological resistance level.

The white metals gains are largely attributed to a weaker US dollar, rising oil prices and the recent statements by the Federal Reserve on interest rates and inflation. However, a key statement made by the Fed which is being overlooked may be a bearish factor for precious metal prices going forward.    

On the day, spot silver traded up $0.20, to close at $33.47 per ounce. Prices tested the $34 mark with a session high of nearly 33.80.

Wednesdays announcement by the Federal Reserve revealed that interest rates would be kept at their current near zero level until at late 2014. This loose fiscal policy has been the key argument of silver and gold bugs.

http://tyny.me/165152

Jan-01-2012 : The Year in Review - 2011

Silver closes the year on a low note - closing December at $27.86 per ounce.

Silver closed December at $27.86, down almost $5 per ounce from its close at the end of November.
Gold had a similarly weak month, as it dropped 10.5% during December compared to the loss of 15% in Silver.
Silver steadily lost ground in 3 of the last 4 months to finish the year at its lowest point of 2011.

It lost almost $5 from its close in December of 2010. It lost over $14 per ounce in the last 4 months of the year.
I would expect a good start to the year 2012 from these numbers.

Gold did gain over $150 per ounce during 2011, but was down almost $260 from it's high water mark in 2011.

Sep-01-2011 : Silver gains again in August - tops $40

Silver once again tops the $40 per ounce mark, closing August at $41.58.

Silver closed August at $41.58, up about $1.70 per ounce since its close at the end of July.
Gold had a very strong month, as it rose 12.05% during July compared to the 4.21% of Silver.
Silver is up over 114% from this time last year!

Gold did gain $196.10 per ounce from July's close. It finished August at $1823.30.

Aug-01-2011 : Silver gains almost 15% in July!

Silver rebounds from a down June and still outperforms gold. Up $5.18 during July.

Silver closed July at $39.90, up over $5 per ounce since its close at the end of June.
Silver easily outperformed Gold again, as it rose 14.92% during July compared to the 8.46% of Gold.
Silver is up over 122% from this time last year!

Gold did gain $126.90 per ounce from June's close, at $1627.20.

Mar-01-2011 : Silver with huge gain in February

Silver continues to climb and continues to easy outperform gold. Up $5.93 during February.

Silver closed February at $33.98, up almost $6 per ounce since its close at the end of January.
Silver easily outperformed Gold again, as it rose 21.1% during February compared to the 5.9% of Gold

Gold closed up from January's close, at $1411.20

Feb-01-2011 : First losing month since July 2010

Silver has its first losing month after 5 straight winners, but still up 56% over last 6 months.

Silver closed January at $28.19, down from the $30.91 close at the end of December.
It is still up over 56% over the last sixth months!
Silver still outperformed Gold as it only gave back it's last month's gains, while gold lost more than two months gains.

Gold closed down almost 6% from December's close, at $1337.50

Jan-02-2011 : Silver's rise continues - up over 9% in December!

Silver continues to climb and continues to outperform gold. Up $2.63 during December

Silver closed December at $30.91, up from the $28.28 close at the end of November.
Silver easily outperformed Gold for the 5th straight month, as it rose 9.3% during December after increasing 14.3% during November, and 13.85% in October!

Gold did close up about 2.3% over Novmeber's close, at $1421.60

Dec-01-2010 : No Stopping Silver! Up another 14%

Silver climbs another $3.53 an ounce during November to close at $28.28.

Silver closed November at $28.28, up from the $24.75 close at the end of October.
Silver easily outperformed Gold for the 4th straight month, as it rose a whopping 14.3% during November, after a 13.85% increase in October!

Gold did close up about 2.1% over September, at $1388.90

Nov-01-2010 : Silver climbs another 13.8% in October

Silver gains over $3 an ounce during October to close at $24.75.

Silver closed October at $24.75, up from the $21.74 close at the end of September.
Silver easily outperformed Gold for the 3rd straight month, as it rose a whopping 13.8% during October.

Gold did close up about 3.8% over September, at $1359.80

Oct-01-2010 : Silver closes September at $21.74

Silver has another huge month in September - up over 12% from August.

Silver closed September at $21.74, up from the $19.40 close at the end of August.
Silver easily outperformed Gold during the month, as it rose a whopping 12% during September.

Gold did close up about 4.9% over August, at $1309.50

Sep-01-2010 : Silver closes August at $19.40

Silver closed August up almost 8% from end of July.

Silver closed August at $19.40, up from the $17.97 close at the end of July.
Silver easily outperformed Gold during the month.

Gold did close up about 5.6% over July , at $1247.70

Jul-02-2010 : Record June for Silver Eagle Sales

Numbers for the United States Mint's bullion 2010 American Silver Eagles declined slightly from May but still tallied to their best ever June.

Numbers for the United States Mint's bullion 2010 American Silver Eagles declined slightly from May but still tallied to their best ever June.

Recently released figures from the U.S. Mint show a total of 3,001,000 One Ounce Silver Eagles sold in June 2010. This compares to a May 2010 total of 3,636,500, or a decline of 635,500.

Normally, a more than half million downward push would raise eyebrows. However, a more detailed look at the history of the Silver Eagles show that in the past, a majority of the months did not even come close to 635,500 in sales. A drop of that number is really only indicative of how well the bullion silver coins are selling this year --they were able to withstand such a decline and still rack up over 3 million in a single month.

In fact, June monthly sales ranked six all-time when looking at all of the months since the eagles were introduced in 1986. It came in behind December 1986, May 2010, January 2010, March 2010 and March 2009 -- in that order.

As indicated by the top six list, 2010 is doing extremely well. With only half of the year completed, it already stands as the third best year ever for the Silver Eagles with a total of 18,168,500 sold. It is easily within striking distance of the number two spot currently held by the year 2008 with 19,583,500, or only 1,415,000 more.



Jul-01-2010 : Silver closes June at $18.62

Silver closed June up about 0.5% from end of May.

Silver closed June at $18.62, up from the $18.53 close at the end of May.
Silver underperformed compared to Gold though during the month.

Gold closed up about 2.15% over May, at $1242.40


Jun-02-2010 : Silver closes May at $18.530

After a roller-coaster month which saw Silver top $19.80 mid day, it leveled out to end just 9 cents lower than the April close.

After a roller-coaster month which saw Silver top $19.80 mid day, it leveled out to end just 9 cents lower than the April close.
Gold climbed from April close of $1179.30 to end May at $1220.40, jumping over $40 an ounce. It did retreat slightly from its record setting levels of almost $1250 per ounce!

Jun-01-2010 : 2nd Highest Sales Month for Silver Eagles EVER!

The American Silver Eagles posted their best May and second best sales month in history, selling 3,636,500 coins in May!

The American Silver Eagles posted their best May and second best sales month in history.

In just the one month, buyers purchased an astonishing 3,636,500 of the one ounce .999 fine silver coins. This number smashes the old May record of 1,904,500 set last year.

May 2010 sales fell short of the best month ever by only 59,500. December 1986 retains the title with 3,696,000. (it should be noted that December 1986 bullion eagle numbers were lifted by the excitement of their premiering worldwide release just days earlier)

2010 now includes three of the five best months ever for eagle coins, already firmly holding the third best annual sales at 15,167,500 ??” and that with only five months completed this year. 2008??™s second best annual level of 19,583,500 is easily within reach, but last year's record of almost 29 million is still in the distance.


May-21-2010 : Rare Silver Dollar sells for 7.85 million dollars

A 1794 Flowing Hair silver dollar has been sold for $7,850,000, setting a new record as the worlds most valuable rare coin.

Click to enlarge

Graded PCGS Specimen-66, it is the finest known 1794 dollar and believed by several prominent experts to be the first silver dollar ever struck by the United States Mint.

The 1984 Stacks auction lot description in the Carter Collection sale stated, "It is perfectly conceivable that this coin was the very first 1794 Silver Dollar struck!"
Over the decades, various numismatic researchers have stated a similar belief including Walter Breen, Jack Collins, John Dannreuther, David Hall and Logies who is author of the book, The Flowing Hair Silver Dollars of 1794.

A total of 1,758 silver dollars were recorded struck on a hand-turned screw press at the Mint in Philadelphia on October 15, 1794, the only day of production for dollar coins that year. They were made from silver provided by then Mint Director David Rittenhouse, and intended to replace the Spanish, English, Dutch and French coins that dominated local commerce and "pocket change" of the post-Colonial era.

Logies estimates there are only about 140 surviving examples, and the Neil/Carter/Contursi specimen is unique among them.

"It is the finest in state of preservation and unique for 1794 with a silver plug. It is also unique in being from the earliest state of the dies. Despite the almost barbaric conditions at the Mint at the time, this coin was struck incredibly well.

In fact, when the coin is viewed in its natural state outside of its PCGS holder, it blazes with a character all its own, showing off lovely light toning atop supremely deep, watery mirrored fields and frosted devices in black-and-white cameo contrast, not unlike late 19th century proofs. It is certainly impressive and was clearly viewed as important on the day it was made, the hallmark of a first strike," he stated.

 In the year following his acquisition of the coin, Contursi made arrangements with top numismatic researchers across the country to personally see it and provide the evidence this specimen was the first silver dollar struck by the United States. In addition, at the 2004 ANA summer convention in Pittsburgh, Pennsylvania the coin was carefully and briefly removed from its PCGS holder so it could be closely examined by experts assembled there.

Known by collectors as the Flowing Hair variety of early U.S. silver dollars, the obverse depicts 15 stars around the symbolic Miss Liberty with long, flowing hair with the word, LIBERTY, above her and the date, 1794, below. On the reverse the words, UNITED STATES OF AMERICA, surround an olive tree branch and a somewhat scrawny-looking eagle that would be enhanced in subsequent designs starting in 1795.


May-12-2010 : Silver Goes Above $19!

Silver gains $0.63 an ounce to close at $19.33.

Silver continues to gain strength as it was just one month ago that it reached the $18 per ounce mark. This is the highest value it has reached in the last 5 months, closing the day at $19.33 per ounce.Gold closes the day in New York above it's all time high of $1,226.50, reached on December 3, 2009. It closed at $1231.40 USD per ounce!

May-01-2010 : Silver Gains 6.4% in April!

The last week of April alone showed a 4.1% increase!

Silver prices rose again during the month of April, rising 6.4%. The metal rallied late in the week after retreating earlier despite soaring gold prices. Silver typically follows gold.

Gold continued to be pushed as a safe-haven investment over concerns of widening sovereign debt issues in Europe, those same issues placed downward pressure on industrial metals like silver, platinum and palladium. Despite that downward pressure, the London Silver Fix closed Friday to $18.620 an ounce, surging 73 cents or 4.1% for the week. It jumped $1.12 in April.

In coin related news, April sales figures for Silver American Eagle coins were in at just over 2.5 million - their second best April ever. The first 4 months sales for 2010 finished at over 11.5 million sales compared to 9.675 for the same period last year.


Apr-22-2010 : 1000th Member!

XAGNetwork has reached it's 1000th member!

Thanks to everyone who has made this first day and a bit such a success.
This morning at 3:24 am (April 22), we signed up our 1000th member!
Just a mere 27 hours, 24 minutes from our official prelaunch opening!

Good work everyone and keep up the good work - remember it is FREE to Join and FREE to build Your Team.

Remember that it does not matter when you get in as long as you get in before June 1st!
That is our official launch date and that is when your position gets locked into the commission structure (once you become upgraded)!


Apr-10-2010 : Silver Tops $18

Silver Gains 3.7% - Tops $18 an ounce.

Silver ended the week at $18.34 - and increase from $17.69 the previous week.
In doing so it just took out its all time high in Euro terms.
The metal has jumped 8.8% during the last two weeks.
In related news, Gold increased as well, but only by 2.6% for the week.

Apr-06-2010 : US Printing Too Much Money!

The US government printed banknotes worth over $22 billion in March 2010 alone!

The US government printed more money in March than in any previous month in 2010.
The BEP (The Bureau of Engraving and Printing - the agency responsible for manufacturing US currency) produced 605,952,000 banknotes that had a total value of $22,138,240,000.
February came in at 504.476 million notes for just over $14.098 billion while January figures were 487 million notes worth just above $14.1 billion.
Spread across the 31 days last month, the BEP averaged over 19.5 million notes per day with a total daily value of about $714.1 million.
And we wonder why XAGNetwork is such a great place to trade those paper dollars for SOLID BULLION!

Apr-01-2010 : Silver Up in Q1 2010

Silver Up 4% in First Quarter of 2010!

Silver continues to rise in value, gaining 4% in the first quarter of 2010!
This compares to only a 1.7% rise is gold futures value for the same period.

In other news, March saw the sale of American Silver Eagles go over the 3.3 million coin mark.
Wow! 3,300,000 Silver American Eagles were sold just in March 2010!
Almost 3.6 million were sold in January and over 2 million in February.

Mar-01-2010 : 30 Million American Eagles in 2009

2009 American Silver Eagles Top 30 million sales!

Click to enlarge The U.S. Mint wrapped up its accounting for 2009 American Eagle Silver Coins.
Buyers snapped up a record 30,459,000 of the .999 fine bullion coins.
2008-dated Silver Eagles reached 20,583,000 and was the previous record.
2007-dates coins sold under 10 million.