SSRIF Silver Standard Resources Message Board

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Gold/Mining/Energy : SSRIF Silver Standard Resources

SSO 112.64

-2.2%

Nov 6 4:00 PM EST

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To: Douglas Freeman who wrote (145)	2/8/1998 4:34:00 PM
From: Ron Everest	of 403

Thank you for the post, I am in agreement with your thinking. There appeared to be some "pent up overhang volume" in most of the AU and AG precious metals stocks - people who are just wanting a higher price level to exit. Then, there is the matter of profit taking, probably a lot of that went on last Thursday and Friday. As to this rally being sustained, your views as to Buffet holding are probably true particularly with the 42mm oz AG still to be delivered March 6. Wow, how is this going to affect the supply-demand equation. The negativity could well be shorters and friends who must knock down AG price in order to salvage lower costs for their exit from shorting positions. This coming week will be very interesting indeed, starting in Asia! Best regards, Ron E

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