Silver & Gold Holding Strong

Here are the opening prices of miners from Scottrade.com:
Currencies from Kitco.com:

The volatile silver has been as high as almost 17.80 and as low as 17.25 over the last 24 hours. I am beginning to prefer silver to gold. Our silver stocks SLW, PAAS, SSRI, and CDE are beginning to respond, but very slowly. We may have to wait for the last minute rush to metals for silver to catch up with gold. However, if the past is any indication of what will happen, it is a sure thing.
Gold has remained above $1,050 and bounced around $1,100 for 24 hours. It is holding most of the recent gains. This could continue as there is more news on gold even in the broad media.

From The Daily Pfennig today: "And then there was this... The folks over at Barclays say that they have recalculated the dollar's share of global currency reserves... The dollar, which once stood at 80% of global reserves, and right before the current weak dollar trend began in 2002, it stood at 73% of global reserves, has fallen to 62.8%... But... Says Barclays... This is almost entirely a result of weaker valuation rather than attempts by central banks to diversify holdings away from the dollar... Hmmmm... Now... I do agree that the euro's gains VS the dollar in the past 7 years would cause quite a bit of slippage in the dollar's value in terms of reserves held by central banks... But "almost entirely"? I doubt it... One could point at the Reserve Bank of India's purchase of Gold last week... They bought $6.7 Billion "worth" of Gold... You can't tell me that wasn't to diversify their reserves!

OK, to recap... Chuck's running late today... The non-dollar currencies are trading in the same clothes as yesterday. The ZEW German Business Confidence slipped this month, although Industrial Output rose. The U.S. is auctioning $81 Billion worth of Treasuries this week, and the demand for Gold is really pushing the envelope in terms of Gold's price!"

From MineWeb.com:

Silver Wheaton reports record profit, record silver equivalent production
Silver Wheaton CEO Peter Barnes called it "very pleasing to report record attributable silver production, sales earnings and cash flows" during the third quarter and first nine months of this year.
Author: Dorothy Kosich
Posted:  Tuesday , 10 Nov 2009
RENO, NV - 
Silver Wheaton reported record attributable production of 4.3 million silver equivalent ounces and record net earnings of US$33.6 million or 11-cent per share during the third quarter of this year.
However, net income for the first nine months of this year dropped from $71.4 million or 32-cents per share a year ago to $67.1 million or 23-cents per share.
During the first nine months of the year, Silver Wheaton reported the production of 11,761,000 silver equivalent ounces, compared to 8.7 million ounces for the same period of 2008.
Silver Wheaton generates its revenue primarily from the sale of silver streams produced by other mining companies. The company reported record silver equivalent sales of 4.6 million silver equivalent ounces for the third quarter and 10.7 million silver equivalent ounces for the first nine months of the year. This compares to silver sales of 2.7 million and 8.4 million ounces, respectively for the comparable quarters of 2008. Read it HERE.
SLV is a very good silver stock which is part of my portfolio core holdings.
From MineWeb.com:
India-IMF Deal: Tipping Point for Gold
Has a new floor been set at $1,000 per ounce?
Author: Frank Holmes
Posted:  Tuesday , 10 Nov 2009
SAN ANTONIO - 
India's deal to buy 200 metric tons (6.4 million troy ounces) of gold from the International Monetary Fund (IMF) is a huge deal - not just the fact that the New Delhi government is handing over $6.7 billion for the metal, but what it may mean for gold going forward.
India, the world's largest gold jewelry market, is making a rational and bullish call on gold. The supply of gold continues to decline - the biggest supply is from governments with socialist policies that are selling their gold to pay for social welfare and bailout programs. The IMF is a classic case of this. Read it HERE.
The world remains solidly in the hands of the creator God and all is working in concert with His plan. He cares for and protects His people as they are obedient to Him. Study His word to learn His law and His required ways for us. Then repent of sins and be forgiven by His grace.
Best to each, Doug