Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: marcos who wrote (62747)	1/6/2009 2:54:55 AM
From: E. Charters	Read Replies (1) of 78426

Why don't we make our own market? Like I buy some copper, say 100 lbs, and sell it to yo fer 250 dollars, and then you sell it to Loantech for 300. And so on, until within our group we get a stable price. Then we can publish the price. It might catch on. It's all smoke and mirrors on the Comex anyway. You don't think anyone serious actually gets metal from there do you? I thot not. I mean while the Comex was quoting $360 Pt throughout the 80's, Rustenberg was dutifully quoting $450. Funny about that. But if you wanted 200,000 ounces Pt, you had to get it from Rustenberg and pay their price. Comex was for entertainment. I think two things have happened. Nobody are buying base metal anymore, and the Comex is not capable of supporting a price because the traders don't have any money and their margin restrictions have doubled. That usually means a lower price. I think also that the price will rise when it rises. And not before that. That is when you and me an loantech want to all buy some at the same time and we have the money to buy it. That and a Chinese trader will have cornered the market. EC<:-}

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