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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: russwinter who wrote (2190)9/19/2001 12:18:32 PM
From: baystock  Read Replies (3) of 4051
 
The silver stocks are breaking out today with PAAS being the leader. It has just made a new 52 week high. If this breakout is sustained the junior laggards will follow. I think silver will lead the precious metals higher since the comex silver inventories are now buried under the WTC ruble and since unlike gold there are not huge above ground stock piles. In addition the federal reserve has been printing money like crazy the last week, probably to prevent a derivatives blowup.
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