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Gold/Mining/Energy : Silver prices

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To: stuart haven who wrote (4425)1/11/2002 11:52:24 PM
From: Canuck Dave  Read Replies (1) of 8010
 
Ted is obviously a tad bitter, though who can blame him?

He points out that the shorts may find another supply of "leasable" silver to continue the downward game for another round. It also appears a large hedge fund has figured out the endgame is very close and has been buying physical vigorously.

The New York/London differential is explained in these terms (spot versus futures markets). Personally, I don't give a rat's ass if there is some big conspiracy to hold prices down. As Ted says, physical will eventually trump paper. The further the pendulum is held back, the further it's going to swing in the other direction.

Just my opinion.

CD
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