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Gold/Mining/Energy : Silver prices

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To: Tommaso who wrote (351)12/28/1997 2:59:00 PM
From: Mark Bartlett  Read Replies (1) of 8010
 
Tommaso,

<< If the big traders know of sources of silver that
we don't, I guess I'd like to get out for the time being. >>

Personally I am going to let the commodity price be my guide for the time being .... as long as that is channelling in a bullish direction, stocks will have to follow. The fact there has been a deficit of 200 million oz of silver for the last several years, suggest to me the silver well has got to be running low. No doubt there are unaccounted for inventories, but if history is any guide, they will not work there way to the market until prices have run quite substantially.

FWIW, my 2 cents <g>

MB
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