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Gold/Mining/Energy : Silver prices

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To: stuart haven who wrote (4424)	1/12/2002 10:59:43 AM
From: long-gone	Read Replies (2) of 8010

<<Does it make sense that,as Butler says, if high lease rates for silver are caused by a real shortage of leasable silver,(and is there any real doubt about that?)then leasing will be drastically reduced and the resulting downward pressure on the pos will then be largely reduced. The pos will then find its' own level based on supply and demand....Wishful thinking?... If this is so why does Butler say "they" may take the pos down to $4 again. By what mechanism could "they" do that? >> The rumor I'm hearing more & more (and it started quite a long time back with local Denver reports of "hard" Chinese silver Panda coins)is instead of a shortage of silver a shortage of "good delivery"(.999) silver in Europe! CNBC has reported the rumor of a shortage of "good delivery" bars in Europe & Asia! Story is that - One case here in the Denver area had the (very angry) buyer of a NEW 2001 "pure" silver Panda coin unable to force a large ding in the suspect coin with a tire tool against the sidewalk in front of a coin shop! Based on these reports, the most likely possible method for the mechanics of the suggested "take down" of price would seem to need to involve some form of fraud related to purity.

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