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Strategies & Market Trends : Strictly: Drilling II
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To: Frank Pembleton who started this subject1/8/2002 5:48:46 PM
From: Frank Pembleton  Read Replies (3) of 36161
 
THIS YEAR WILL BE WORSE THAN LAST
By James R. Cook

SILVER

We don’t know the future, but we do know the things that didn’t work in the past. Most of the economic policies adopted by the U.S. have failed when tried elsewhere. There’s an eerie similarity between what’s happening today and the events in 18th century France that ruined their money and economy. There’s also a deadly parallel in this country between today and 1930.

That’s why silver or gold make good sense these days. They hold value in a monetary crisis. In the past they rose and protected those that held them when events reached extremes. That’s why we have always pushed the same advice. Keep 10% of your net worth in silver or gold.

We especially like silver. Lately the price has moved on what appears to be tightness in the physical supply. Look at some of the many reasons to own silver:

- Silver has strong demand by industry.
- People around the world hoard and desire silver.
- Silver is in short supply.
- The price is historically cheap.
- The downside appears limited.
- Silver is used in everything electrical.
- It’s primarily a byproduct of other types of mining.
- It’s historically a monetary metal.
- Financial companies have sold it short and must buy it back.
- Most of the great silver deposits are exhausted.
- People flock to silver in a crisis.
- Most of the silver ever mined is used up and gone.
- The cost of mining silver is twice what it’s been selling for.
- Silver has a history of dramatic price rises.
- A lot of silver has been leased and must be repaid.
- Silver is so crucial to industry it must be purchased at any price.
- Most of the silver that people currently own will only be sold at much higher prices.
- It takes five years to ramp up silver mining production.
- Silver has more useful properties than any other metal.
- Public interest in silver is growing.

Search as you may, no story carries as many positives as does silver. Last year we sent out over one and a half million mailers spreading the word about silver. Now there’s every indication of tightness in the physical market. Lease rates are high and rising. Silver analyst Ted Butler will bring you up to date on the latest market factors in our next newsletter. For now he sees the potential for a price breakout. He claims that only the most outrageous manipulation by Wall Street brokers and banks can weaken the silver price. He urges people to buy silver now.
gloomdoom.com
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