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Gold/Mining/Energy : Silver prices

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To: goldsheet who wrote (5678)	8/19/2002 8:31:28 AM
From: IngotWeTrust	Read Replies (1) of 8010

not to speak of "A SINGLE long spec liquidation position of 120 MILLLLLLLion SILVER oz" <vbg> Sounds like a commitment to take delivery by one user has been accomplished????? You did see this on Friday's UBS Warburg page, Bob? >>View: Change in open interest for Wednesday clearly point to liquidation of a speculative position. There are two possibilities behind this action. First, if this represents selling by the normal spec traders then their long positions are almost exhausted and silver will probably rally. The second possibility is that the recent selling marks the beginning of liquidation of the large +120 million ounces long position in which case silver will probably remain weak and fall further over the next month or so. Only time will reveal which of these possibilities is true.<< thebulliondesk.com GUESS WHICH "POSSIBILITY" I KNOW TO BE CORRECT... Ole Wayne will be lucky if it stops at $3.80...

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