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:	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

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
7 TD Sec	193,980	463,913	2.392	120,308	293,353	2.438	73,672	-170,560
124 Questrade	54,576	136,135	2.494	2,390	5,653	2.365	52,186	-130,482
85 Scotia	103,103	242,197	2.349	61,400	146,358	2.384	41,703	-95,839
99 Jitney	92,300	221,048	2.395	50,800	119,216	2.347	41,500	-101,832
80 National Bank	13,300	31,206	2.346	0			13,300	-31,206
90 Barclays	15,400	37,746	2.451	5,200	12,917	2.484	10,200	-24,829
1 Anonymous	65,700	159,051	2.421	60,900	143,882	2.363	4,800	-15,169
13 Instinet	2,200	5,570	2.532	0			2,200	-5,570
19 Desjardins	6,615	15,649	2.366	5,040	12,003	2.382	1,575	-3,646
57 Interactive	665	1,568	2.358	10	25	2.50	655	-1,543
39 Merrill Lynch	1,900	4,473	2.354	1,800	4,211	2.339	100	-262
15 UBS	8,601	20,080	2.335	9,510	23,166	2.436	-909	3,086
101 Newedge	5,000	11,884	2.377	6,000	14,708	2.451	-1,000	2,824
58 Qtrade	0			2,000	4,700	2.35	-2,000	4,700
73 Cormark	0			2,400	5,530	2.304	-2,400	5,530
83 Mackie	0			5,000	12,650	2.53	-5,000	12,650
5 Penson	3,000	7,440	2.48	10,000	23,515	2.352	-7,000	16,075
27 Dundee	0			8,300	20,075	2.419	-8,300	20,075
81 HSBC	1,500	3,495	2.33	13,300	33,217	2.498	-11,800	29,722
9 BMO Nesbitt	41,633	100,463	2.413	56,050	132,857	2.37	-14,417	32,394
33 Canaccord	28,999	69,687	2.403	49,000	117,642	2.401	-20,001	47,955
86 Pictet	0			30,000	75,000	2.50	-30,000	75,000
14 ITG	35,611	86,517	2.43	66,377	160,722	2.421	-30,766	74,205
79 CIBC	90,400	216,995	2.40	122,100	288,964	2.367	-31,700	71,969
2 RBC	73,772	175,976	2.385	150,370	360,729	2.399	-76,598	184,753
TOTAL	838,255	2,011,093	2.399	838,255	2,011,093	2.399	0	0

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.

http://finance.yahoo.com/news/Great-Panther-Appoints-New-iw-3035394192.html?x=0&.v=1

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

Date	Open	High	Low	Last	Change	Volume	% Change
12/07/10	2.9000	2.9000	2.5000	2.5100	-0.2600	2497168	-9.39%

Composite Indicator	-- Signal --	-- Strength --	-- Direction --
Trend Spotter (TM)	Buy	Average	Weakening
Short Term Indicators
7 Day Average Directional Indicator	Buy	Strong	Weakening
10 - 8 Day Moving Average Hilo Channel	Buy	Average	Weakening
20 Day Moving Average vs Price	Buy	Strong	Weakening
20 - 50 Day MACD Oscillator	Buy	Maximum	Strongest
20 Day Bollinger Bands	Hold		Bearish
Short Term Indicators Average:	80% - Buy
Medium Term Indicators
40 Day Commodity Channel Index	Buy	Weak	Weakening
50 Day Moving Average vs Price	Buy	Strong	Weakening
20 - 100 Day MACD Oscillator	Buy	Maximum	Strongest
50 Day Parabolic Time/Price	Buy	Weak	Weakest
Medium Term Indicators Average:	100% - Buy
Long Term Indicators
60 Day Commodity Channel Index	Buy	Average	Weakening
100 Day Moving Average vs Price	Buy	Maximum	Weakening
50 - 100 Day MACD Oscillator	Buy	Maximum	Strongest
Long Term Indicators Average:	100% - Buy
Overall Average:	96% - Buy

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

Date	Open	High	Low	Last	Change	Volume	% Change
12/06/10	2.5000	2.8200	2.4900	2.7700	+0.2700	2321506	+10.80%

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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% 0-10 10-20 20-30 30-40 40-50 50-60 60-70 70-80 80-90 90-100

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Headlines

• Great Panther Appoints New Mine Manager at Guanajuato MineMarketwire(Mon Nov 22)
• Great Panther Drills 7.70 Metres of 704g/t Silver and 4.49g/t Gold in Second Hole at San Ignacio Mine Property, GuanajuatoMarketwire(Mon Nov 15)
• Great Panther Silver Reports Record Revenue and Earnings From Mining Operations in Third QuarterMarketwire(Wed Nov 10)
• Great Panther Expands High Grade Silver-Gold-Lead-Zinc Mineralization With Surface Drilling and Underground Development at Topia MineMarketwire(Mon Nov 8)
• Great Panther Discovers New Silver-Gold Zones at San Ignacio Mine Property in GuanajuatoMarketwire(Thu Oct 28)
• Great Panther Hires New Vice-President Corporate Development; Launches New WebsiteMarketwire(Mon Oct 18)
• Great Panther Reports Third Quarter Production and Updates Exploration & Development ProgramsMarketwire(Tue Oct 12)
• Great Panther Commences Surface Drill Program at San Ignacio Mine Property in GuanajuatoMarketwire(Tue Sep 21)
• Great Panther Makes New Discovery at 590 Metres Depth at Guanajuato and Expands Santa Margarita VeinMarketwire(Tue Sep 7)
• Great Panther Silver Reports Increased Revenue, Earnings From Mining Operations and Record Net Income in Second QuarterMarketwire(Mon Aug 16)

» More Headlines for GPR.TO

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Silver Gains and Gold Declines After Rally to Record Prompts Investor Selling;

Gold declined for a second day in London after a rally to a record and a stronger dollar prompted some investors to sell the metal.

The dollar gained against the euro after President Barack Obama agreed to extend tax cuts for two years. Gold, which usually moves inversely to the greenback, reached a record $1,431.25 an ounce yesterday. Precious metals gained this year on Europe’s debt woes and as investors sought an alternative to currencies. Other commodities fell today on speculation China is getting closer to raising interest rates.

“Further profit-taking can be expected in the run-up to year end,” James Moore, an analyst at TheBullionDesk.com in London, said in a report. Still, “the ongoing situation in Europe and the likelihood of further quantitative easing in the U.S. continue to create a positive environment for gold and silver.”

Immediate-delivery bullion lost $5.20, or 0.4 percent, to $1,396.85 an ounce at 11:31 a.m. in London. The metal for February delivery was 0.8 percent lower at $1,397.80 on the Comex in New York.

Bullion fell to $1,395 an ounce in the morning “fixing” in London, used by some mining companies to sell output, from $1,420 at yesterday’s afternoon fixing. The dollar gained as much as 0.6 percent against the euro today.

Bullion may be pressured by a stronger dollar and China’s moves toward monetary tightening,Tom Pawlicki, an analyst at MF Global Holdings Ltd. in Chicago, said in a report.

‘Temporary Profit-Taking’

Gold has jumped 27 percent this year, heading for the 10th straight annual gain, after governments spent trillions of dollars and kept borrowing costs low to boost economies hurt by the most severe global recession since World War II.

“Recent price gains have led to profit-taking by some investors,” Hwang Il Doo, a senior trader at Korea Exchange Bank Futures Co. in Seoul, said by phone today. “I don’t think precious metals turned to a downtrend. This is temporary profit- taking before the end of the year. Gold will continue to be favored through next year as a haven.”

China’s statistics bureau brought forward the release of November economic data on inflation, retail sales, industrial output and fixed-asset investments by two days to Dec. 11, heightening speculation the People’s Bank of China will raise interest rates this weekend. Most main metals on the London Metal Exchange and crude oil futures fell today.

Gold Assets

Gold assets in exchange-traded products rose 2.22 metric tons to 2,101.37 tons yesterday, the highest amount since Oct. 15, according to data compiled by Bloomberg from 10 providers. Holdings reached a record 2,104.65 tons on Oct. 14. Silver holdings jumped 136.17 tons to 15,009.54 tons, data from four providers show. That’s the biggest daily gain in almost a month and the highest amount since at least February.

Silver for immediate delivery in London rose 1.4 percent to $29.0775 an ounce, after yesterday reaching $30.7025, the highest price since March 1980. The metal is up 72 percent this year and reached an all-time high of $50.35 in New York in 1980, a year after the Hunt brothers tried to corner the market.

Palladium added 0.3 percent to $734.80. It climbed to $779.10 on Dec. 3, the highest price since April 2001. Platinum was 0.3 percent lower at $1,686.50 an ounce.