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Gold/Mining/Energy : Silver prices
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To: Pete who wrote (751)2/19/1998 11:49:00 AM
From: philv  Read Replies (2) of 8010
 
Pete: Here is someone's explanation re: Silver drop.

kitcomm.com

I think what he is saying is that there is some profit taking going on. However, the stocks @ Comex are still being drawn down daily to new lows, and Buffett still has to take possession of a large amount of Silver next month. There has also been a change in rules at the LBMA regarding settlement time which took the urgency out of Silver.

I think the fundamentals are as good as ever.

Phil
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