SILVER (Ag) PRODUCERS Message Board

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Gold/Mining/Energy : SILVER (Ag) PRODUCERS

FMNJ 0.000500

-50.0%

Oct 30 9:30 AM EDT

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To: NYBob1 who wrote (124)	11/30/2007 9:33:57 AM
From: Kpain	Read Replies (4) of 144

NY Bob, How do you think this will affect silver prices?? economictimes.indiatimes.com China opens up silver import trade 30 Nov, 2007, 0018 hrs IST, REUTERS BEIJING: China has liberalised its silver import trade, ending a requirement of central bank approval for importers, although analysts said inflows were unlikely to rise sharply in the near term due to high global prices. The People’s Bank of China and China’s Customs said in a brief statement on the bank’s web site on Thursday that they had abolished a regulation limiting silver imports to companies approved by the bank. “We do not foresee any impact. China imports very small amounts of silver, particularly now that international silver prices are higher,” said one silver trader. Official customs figures showed China imported about 4,707 tonne of silver in the first 10 months of the year, almost all of it on a tolling basis in which buyers import the metal and re-export products. Silver prices this month hit their highest since January 1981 and were at $14.45/14.51 an ounce on Thursday, about 10% above domestic prices.

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