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Gold/Mining/Energy : Silver prices

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To: Casey who wrote (966)	3/31/1998 8:33:00 PM
From: Alan Whirlwind	Read Replies (1) of 8010

If my memory serves me correctly, last fall Armstrong said silver would bottom below $4. Then it was supposed to move forward in a bull market that would take it to $18. Perhaps he has changed his mind. Manipulations aside, silver is being consumed faster than it is being mined. Period. Warren B. cannot dump his hoard in a panic or he'll take a screwing on it. Who would dump and get a lower price? Not me. Not when available stocks of bullion are dwindling. The public will not be jolted into dishoarding before $10 and my bet is when that is breached everyone will hold on for more. No one is dumping Blue Chips now that the price has tripled in a few short years.

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