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Strategies & Market Trends : Ride the Tiger with CD

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To: Canuck Dave who wrote (50000)	4/28/2006 12:03:33 PM
From: TrueScouse	Read Replies (1) of 313059

CD: The silver iShares scenario is so far panning out <g> much as I expected. After 2 1/2 hours of trading, about 1.5 million shares have traded, representing 15 million oz of silver. What this means (I think) is that by early next week someone has to deposit 15 million oz of silver somewhere! Suppose this keeps up for a week or more -- as it did when the gold iShares started trading. Then we could see 100 million oz of silver taken off the market in the next week. That's a lot of silver! So today's rise in POS may just be the start of the next leg up of a major bull move. And IMO this is what's moving the POG. Time for a bit of panic buying on behalf of the institutions! BTW, the monthly gold and silver charts look fantastic. Maybe they'll gap up on Monday? <g> Best regards, Howy

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