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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (103275)	1/28/2006 1:14:28 PM
From: LowtherAcademy	Read Replies (1) of 132070

HI Mike, FWIW,& WTHDIK, here's an interesting (or not) rumor: Twelve to 18 months ago the Saudis acquired sizeable amounts of silver and stored it England. However, when they asked for delivery the Bank of England balked because they didn’t have it to ship, or would not ship it out of the country because it may have been used for other (dual) purposes. The angry Saudis dumped this stash in England and began buying elsewhere … probably Dubai, Turkey, etc., and have been accumulating silver in areas where they have been assured of delivery. The London silver shorts have been dribbling this Saudi silver into the market whenever silver rallied, which is probably why silver has not been able to gain traction until the past few days. Word is this supply has run out. This might account for why the price of silver has finally done what many of us thought it would do earlier. We know the gold shorts are experiencing their own Commercial Signal Failure and a number of them have begun to become panic buyers. It is very likely we are now seeing the same drill in silver. The silver shorts are going to get their lunch handed to them

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