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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.98

+0.6%

Nov 21 4:00 PM EST

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To: Jim Ilchyshn who wrote (6219)	1/18/1998 9:50:00 PM
From: philv	Read Replies (3) of 116764

Jim: PEI & M. Armstrong short on Silver kitcomm.com The above seems to corroborate your your assertion (post 6219)regarding his short position in silver, and by extension, the reason for his statements yesterday. It would be very disappointing to learn that someone in his position would use personal gain to try to manipulate the price. I have read many other comments since then, none of which support Armstrong's position, and others who point out that the physical silver (not paper) is gone--removed, and could be in vaults anywhere in the world. The shortage in Silver has been known for years, and has received wide coverage. Why Armstrong would suddenly declare manipulation now, when that shortage has been building, deserves a clear answer. And if none is forthcoming, we will have to draw our own disappointing conclusion. Phil

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