Silver has ended the week by holding above $10 level. Action has been very good for the metal, with a lot of talk surrounding the issue of whether or not there will be a silver ETF forthcoming to boost demand. David Morgan has been following the advance and putting out a lot of good information on the fundamental outlook for some time now. Let's see what he and Jim Puplava have to say about the recent price action in this week's Financial Sense Newshour.
S&P cut Nasdaq's credit rating to junk status citing debt burdens and its questionable strategy to buy a controlling interest in the London Stock Exchange. Financial Times reported that the exchange's counterparty credit & bank loan rating were lowered fromm BBB- (lowest investment grade rating) to BB+. The change will increase Nasdaq's borrowing costs should it wish to pursue aquisition targets. For an earlier look at the exchange consolidation trend that brought about Nasdaq's push for a stake in the LSE, please see "Exchange fever" .