China Receives Approval to Start Trading Silver Futures -- SilverCompanies Look to Benefit
Five Star Equities Provides Stock Research on Silver Wheaton and Coeur d'Alene Mines
NEW YORK, NY, May 03, 2012 (Menafn - MARKETWIRE via COMTEX) --Silver prices rebounded after Ben Bernanke commented that theFederal Reserve was prepared to take action if the economy requiredadditional support. Silver spot prices ended last week at 31.27after dipping below 30. Silver's rally will look to continue in 2012as China has recently received approval to begin trading silverfutures. Five Star Equities examines the outlook for companies in theSilver Industry and provides equity research on Silver Wheaton Corp.SLW and Coeur d'Alene Mines Corporation CDE.
Access to the full company reports can be foundat:
www.FiveStarEquities.com/SLWwww.FiveStarEquities.com/CDE
The China Daily newspaper on April 26th reported that China hadreceived approval to start trading silver futures on the ShanghaiFutures Exchange. "There has been an absence of a means of trading insilver in China," Wang Ruilei, an analyst with precious metal traderCGS Co Ltd, told China Daily. "The market will be bigger and moreliquid with the advent of these futures contracts." Allowing Chineseinvestors access to the silver market will provide an influx ofinvestment dollars into the commodity, and make it more difficult forAmerican speculators to manipulate the markets in their favor. AlsoPhillip Klapwijk of GMFS expects fabrication demand for silver, whichmakes up 80 percent of total demand for the metal, to rise as much as5% this year.
Five Star Equities releases regular market updates on the SilverIndustry so investors can stay ahead of the crowd and make the bestinvestment decisions to maximize their returns. Take a few minutes toregister with us free at www.FiveStarEquities.com and get exclusiveaccess to our numerous stock reports and industry newsletters.
Established in 2004, Silver Wheaton has quickly positioned itself asthe largest silver streaming company in the world. The company hasentered into a number of agreements where, in exchange for an upfrontpayment, it has the right to purchase, at a low fixed cost, all or aportion of the silver production from several high-quality mineslocated in politically stable regions around the globe. The companyannounced that they will release 2012 first quarter results onMonday, May 14, 2012, before market open.
Coeur d'Alene Mines Corporation is the largest U.S.-based primarysilver producer and a growing gold producer. The Company built andcommenced production from three wholly owned, long-lived minesbetween 2008 and 2010: the San Bartolome silver mine in Bolivia, thePalmarejo silver-gold mine in Mexico and the Kensington gold mine inAlaska. The company recently reported that its Kensington gold mineis resuming full production ahead of schedule.
Five Star Equities provides Market Research focused on equities thatoffer growth opportunities, value, and strong potential return. Westrive to provide the most up-to-date market activities. Weconstantly create research reports and newsletters for our members.Five Star Equities has not been compensated by any of theabove-mentioned companies. We act as an independent research portaland are aware that all investment entails inherent risks. Please viewthe full disclaimer at: www.FiveStarEquities.com/disclaimer
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