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Gold/Mining/Energy : Silver prices
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To: Char who wrote (857)3/9/1998 9:49:00 PM
From: TD  Read Replies (2) of 8010
 
FWIW, I received the 1998 CPM Silver survey Saturday. The supplies are tight according to them with the word critical used several times. Interesting that silver seems to bring such emotion with it on both sides, those that think silver is going higher in price and those that think it is going lower. BTW $6.50 is CPM average fir 1998. $8.00 in 1999 and $11.25 for 2000, clearly CPM sees the long term trend 2-3 years as up. BTW who writes SAFE MONEY and what is their track record with precious metals? Also to all who read this thread has anyone uncovered the fact that WB has or has not actually taken final delivery? For My 2 cents I would hold PAASF for the next three years through thick and thin. With 650 million ounces of silver and 27 million shares fully diluted, that is about 24 ounces of silver per share. Many analysts use a 10% number to figure assets in the ground so if silver is $5.00 use $0.50 per ounce and that would yield $12.00 per share at 5 dollar silver. The current price is $6.00 so perhaps the stock is undervalued here? This of course is a simplified analysis, but as long as the bears are growling going lone is probably the correct direction. Please post us all when safe money reco's silver, BTW I always thought silver and gold were safe money.
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