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Gold/Mining/Energy : Silver prices
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To: long-gone who wrote (4074)12/20/2001 12:12:59 AM
From: brian krause  Read Replies (3) of 8010
 
Profit taking hastened the 11.2-cent drop in March silver <0#SI:> which settled at $4.308 an ounce. It traded to a low of $4.30 after earlier striking its highest since Oct. 12 at $4.455. Estimated volume was a moderate 17,000 lots.

COMEX silver warehouse stocks on Tuesday declined a whopping 1,775,786 ounces to 102,944,345 ounces, an indication that metal is being shipped from New York because of the opportunity to sell it in London at a premium.

Taken from www2.marketwatch.com;

How does borrowing from a and replacing it from b increase supply? It appears to be a one trick pony that will get caught by worldwide demand. The manufacturer in Taiwan does not care if he gets silver from the US or UK. Is this solution of shipping from one to the other nothing but a bandaid and those involved are trying to buy time?

Any opinions?

Regards

bk
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