Silver prices Message Board

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Gold/Mining/Energy : Silver prices

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To: Carl Loscerbo who wrote (1631)	2/2/1999 3:28:00 PM
From: Squidman	of 8010

<<Does anyone know: is it typical for silver stocks to lag a price surge in the metal price?>> For PAA this has been the typical pattern for at least the past couple months. It usually takes a couple days of increasing silver prices before we eat through the sellers who presumably got in at the top of the last rally (this is when I start buying some call options). Then we get a sudden pop in price and volume as new buyers start coming in rapidly. As I write we just broke through the persistent selling at $5 5/16 US and jumped to 5 5/8. If the silver price can hold for a day or two then we should rapidly get back to ~$6 1/2 US. If it falls after that then we've just created a new pool of disappointed sellers for the next time around. Squidman (tentacles loaded with PZQ calls)

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