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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Knighty Tin who wrote (257538)	8/25/2003 10:04:33 AM
From: AuBug	Read Replies (4) of 436258

I have friends that use silver bars they bought in the mania of 1980 as door stops. I wonder if they'll ever get their money back ;-) "...the world mines less than it uses." What's your source? I haven't read the Silver Institute's annual survey in a while so I took a peek & fabrication demand is dropping. They've also revised their supply/demand table since the last time I looked and now supply magically equals demand via a line called "Implied Net Disinvesment." I remember when they used to claim demand far exceeded supply for 12 years in a row with the implication that any day the gold/silver price ratio would adjust and silver would rally. I don't buy it. I seriously doubt the accuracy of the mine supply number as there's a lot of silver produced as a byproduct and is not reported by the mining companies except under Misc. Silver's just a base metal and I think $4/oz is much more likely than $6. JMHO, guess that what makes a market :-) So run it up to $5.13 and I'll short it again :-) silverinstitute.org

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