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Gold/Mining/Energy : Silver prices

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To: TD who wrote (3029)	10/27/2000 9:20:11 PM
From: paul ross	Read Replies (1) of 8010

>>>>>> (Smith was the author of "Silver Profits in the Seventies," a powerful and accurate analysis of silver that was said to have heavily influenced the Hunt Brothers). At the time, silver and gold were coming off a period of government price controls. This had artificially depressed the price. According to Smith a powerful upward surge was inevitable after this price suppression was relaxed. He claimed that prices would explode upwards after the controls were lifted and as usual, he was right.<<<<<<<<< Mr Cook fails to mention that Jerry Smith had also predicted that silver would reach $200 by 1986. I remember several silver/silver coin dealers at the time distributing a pamphlet by Smith stating that silver prices would double from $50, and then double again to $200. What many claim that Smith and others failed to forsee was the huge above ground supply that came to the market as silver rose to $50... There are rumblings once again that there still exists 100's of millions of ounces of silver sitting in warehouses in Europe and Asia,(a story advanced by Martin Armstrong a couple years ago) and that this, along with the "paper" silver market, continues to depress the market.

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