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Gold/Mining/Energy : Silver prices

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To: AurumRabosa who wrote (1351)	10/30/1998 1:10:00 PM
From: Ray Hughes	Read Replies (3) of 8010

Ron: I'm cautiously optimistic (I've even learned to talk like an economist): 1. G7 package announced today could calm investors and firm up speculative participation. 2. Asian economic activity might actually begin to improve in the now-to-February timeframe, aided by improved confidence engendered by the G7 action. 3. US and European economic activity seems still on a growing track so silver supply/demand deficit is intact and reducing available inventory. 4. This inventory drawdown is getting newspaper coverage. That will increase interest on the part of small speculators. Small speculators could withdraw massive amounts of silver from the market supply. Keep an eye on figures for silver Eagle coin sales as a barometer on this important issue. In conclusion, we've been set back by the market's turmoil, but could still see a worthwhile (50 cents-to-$1.00) play in silver this winter. If not, we will, absolutely, have a millionaire-making rally within three years. The deficit guarantees it. Only timing is in question. Play conservatively, keep your marbles intact, and one day lightning will strike. Ray Hughes

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