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Gold/Mining/Energy : Corner Bay Silver (BAY.T)
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To: Mark Pajich who started this subject12/16/2001 11:11:00 PM
From: Eva  Read Replies (1) of 4409
 
and "another" find, on usagold

R Powell (12/16/01; 15:09:09MT - usagold.com msg#: 66975)
Enron's lost silver
From Horatio's 66973, "Enron will start the bull on Silver trying to cover their shorts."
I've heard the same. Can you offer any confirmation? All I've heard is still in the opinion/rumor category. I'd love to see something to put assurance to the rumor. If you are correct that Enron shorted silver on the advice of Goldman-Sacks then it would indeed seem plausible that this same strategy was given to others. If others also attempt short covering we could be on our way.
I believe this would spark a big and, more importantly, a sustained rally which would carry POG along regardless of the dollar's perceived strength. POG and the dollar are inversely connected but other forces can move one or the other then causing disturbances affecting everything that's connected in the equation. In other words, changes in the POS=higher POG which then becomes a force driving down the perception of the dollar's strength.
Does this sound plausible or am I dreaming.
As a trader or market student, I believe any POS rally will also drive up POG and vice-versa simply because the traders will react that way. Traders and large speculative market players are not economic students and many are not even remotely informed as to what's happening. Many could not be bothered, some intentionally disdain fundamental information as it might bias their chart reading.
We should find out this coming week if this rally has legs. Now wouldn't that be nice!
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