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Wednesday, December 8, 2010

GPR-T Time To Buy- Silver Pulling Back So Accumulate!


GREAT PANTHER SILVER LIMITED

(Toronto: GPR.TO )
Last Trade:2.35
Trade Time:10:10AM EST
Change:Down 0.16 (6.37%)
Prev Close:2.51
Open:2.90
Bid:2.34
Ask:2.35
1y Target Est:N/A
Day's Range:2.33 - 2.55
52wk Range:0.67 - 2.90
Volume:483,746
Avg Vol (3m):1,021,240
Market Cap:271.66M
P/E (ttm):50.00
EPS (ttm):0.05
Div & Yield:N/A (N/A)
Quotes delayed, except where indicated otherwise. Currency in CAD

House Positions for C:GPR from 20101208 to 20101208
HouseBought$ValAveSold$ValAveNet$Net
7 TD Sec193,980463,9132.392120,308293,3532.43873,672-170,560
124 Questrade54,576136,1352.4942,3905,6532.36552,186-130,482
85 Scotia103,103242,1972.34961,400146,3582.38441,703-95,839
99 Jitney92,300221,0482.39550,800119,2162.34741,500-101,832
80 National Bank13,30031,2062.346013,300-31,206
90 Barclays15,40037,7462.4515,20012,9172.48410,200-24,829
1 Anonymous65,700159,0512.42160,900143,8822.3634,800-15,169
13 Instinet2,2005,5702.53202,200-5,570
19 Desjardins6,61515,6492.3665,04012,0032.3821,575-3,646
57 Interactive6651,5682.35810252.50655-1,543
39 Merrill Lynch1,9004,4732.3541,8004,2112.339100-262
15 UBS8,60120,0802.3359,51023,1662.436-9093,086
101 Newedge5,00011,8842.3776,00014,7082.451-1,0002,824
58 Qtrade02,0004,7002.35-2,0004,700
73 Cormark02,4005,5302.304-2,4005,530
83 Mackie05,00012,6502.53-5,00012,650
5 Penson3,0007,4402.4810,00023,5152.352-7,00016,075
27 Dundee08,30020,0752.419-8,30020,075
81 HSBC1,5003,4952.3313,30033,2172.498-11,80029,722
9 BMO Nesbitt41,633100,4632.41356,050132,8572.37-14,41732,394
33 Canaccord28,99969,6872.40349,000117,6422.401-20,00147,955
86 Pictet030,00075,0002.50-30,00075,000
14 ITG35,61186,5172.4366,377160,7222.421-30,76674,205
79 CIBC90,400216,9952.40122,100288,9642.367-31,70071,969
2 RBC73,772175,9762.385150,370360,7292.399-76,598184,753
TOTAL838,2552,011,0932.399838,2552,011,0932.39900



08 December 2010, 8:38 a.m.
By Kitco News
http://www.kitco.com/

(Kitco News) -- Spot gold has retreated back below $1,400 an ounce after a record high of around $1,431 Tuesday. “After the latest price rally, investors are clearly taking profits on precious metals,” Commerzbank says. “Silver and palladium especially have lost considerable ground after substantial gains initially yesterday.” Still, global silver and palladium exchange-traded funds posted high in-flows Tuesday, Commerzbank says.” As long as high inflows into ETFs continue, silver and palladium prices should remain well supported and the price slump should be short-lived,” Commerzbank says.

By Allen Sykora of Kitco News;

Market Nuggets: GoldCore: Gold/Silver Ratio Appears Set To Target 40
08 December 2010, 8:24 a.m.
By Kitco News

(Kitco News) -- GoldCore looks for silver to outperform gold, with the gold/silver ratio set to target 40, the level from 1998 when Warren Buffett was accumulating the metal. The ratio measures how many ounces of silver it takes to buy an ounce of gold, and a decline in the number means silver is outpacing gold. “The gold/silver ratio at 48.1 is sustainable as in gold and silver's last bull market in the 1970s, the gold to silver ratio was between 18 and 48 and averaged around 30,” GoldCore says. “In the last 40 years, a very significant amount of silver has been consumed in consumer and industrial applications. Gold's consumption is tiny in comparison and this would suggest that the very high gold/silver ratio of the 1990s and up until recently may have been a historical anomaly.”

By Allen Sykora of Kitco News;

March silver futures last traded down 86.7 cents at $28.91 an ounce Wednesday. Profit taking is seen after prices hit another fresh contract and 30-year high of $30.75 on Tuesday. The stronger U.S. dollar and weaker crude oil futures prices are bearish for silver today. The silver bulls still have the near-term technical advantage.

Silver prices are still in a four-month-old uptrend on the daily bar chart. The next downside price objective for the bears is closing prices below solid technical support at $28.00. Bulls' next upside price objective is producing a close above solid technical resistance at $31.00 an ounce. First resistance is seen at the overnight high of $29.29 and then at $29.50. Next support is seen at this week's low of $28.485 and then at $28.00.

By Jim Wyckoff of Kitco News;

GREAT PANTHER SILVER LIMITED

(Toronto: GPR.TO )
Last Trade:2.51
Trade Time:Dec 7
Change:0.00 (0.00%)
Prev Close:2.51
Open:2.90
Bid:2.51
Ask:2.51
1y Target Est:N/A
Day's Range:2.50 - 2.90
52wk Range:0.67 - 2.90
Volume:0
Avg Vol (3m):1,021,240
Market Cap:290.16M
P/E (ttm):53.40
EPS (ttm):0.05
Div & Yield:N/A (N/A)

The Guanajuato Mine is one of the most prolific and historic mines in Mexico with past production of more than one billion ounces of silver since the year 1600. It is Great Panther's flagship operation and produced 1,019,751 ounces of silver and 6,748 ounces of gold (1,541,220 silver equivalent ounces) in 2009. The Company plans to announce an updated independent reserve/resource estimate for the Guanajuato Mine within the next few weeks and is in the process of increasing production at Guanajuato to an annual rate of approximately 2,700,000 silver equivalent ounces by 2012. Including the Topia Mine, for which an updated independent reserve/resource estimate is also imminent, Great Panther plans to produce 3,800,000 silver equivalent ounces by 2012.




GPR.TO - Great Panther Res Com Npv (TSX)

DateOpenHighLowLastChangeVolume% Change
12/07/102.90002.90002.50002.5100-0.26002497168-9.39%

Composite Indicator-- Signal ---- Strength ---- Direction --
Trend Spotter (TM)BuyAverageWeakening
Short Term Indicators
7 Day Average Directional IndicatorBuyStrongWeakening
10 - 8 Day Moving Average Hilo ChannelBuyAverageWeakening
20 Day Moving Average vs PriceBuyStrongWeakening
20 - 50 Day MACD OscillatorBuyMaximumStrongest
20 Day Bollinger BandsHoldBearish
Short Term Indicators Average: 80% - Buy
Medium Term Indicators
40 Day Commodity Channel IndexBuyWeakWeakening
50 Day Moving Average vs PriceBuyStrongWeakening
20 - 100 Day MACD OscillatorBuyMaximumStrongest
50 Day Parabolic Time/PriceBuyWeakWeakest
Medium Term Indicators Average: 100% - Buy
Long Term Indicators
60 Day Commodity Channel IndexBuyAverageWeakening
100 Day Moving Average vs PriceBuyMaximumWeakening
50 - 100 Day MACD OscillatorBuyMaximumStrongest
Long Term Indicators Average: 100% - Buy
Overall Average: 96% - Buy

GPR.TO - Great Panther Res Com Npv (TSX)

DateOpenHighLowLastChangeVolume% Change
12/06/102.50002.82002.49002.7700+0.27002321506+10.80%

Today's Opinion:
100% Buy
Yesterday's Opinion:
100% Buy
Last Week's Opinion:
88% Buy
Last Month's Opinion:
100% Buy

Ratings:
Strength:Top 1%
Direction:Top 1%
0-1010-2020-3030-4040-5050-6060-7070-8080-9090-100