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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: IngotWeTrust who wrote (2523)	10/6/2001 10:18:53 PM
From: Jim Steel	Read Replies (2) of 4051

Hi gold_tutor: I concur with your view on physical silver. The best indicator you could ever hope for signalling the end of a run in the silver price is an announcement that the Johnson Matthey plants are going to 3 full shifts. This usually means the Indian subcontinent is unhoarding the family silver in a big way. The last time this happened was when silver hit about $7.20. I got pilloried for suggesting the Fund I co-managed at the time unload the silver futures at $6.80 for this reason. For all I know, the fund is still holding them. Regards, Jim Steel Mining Insights Inc.

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