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Gold/Mining/Energy : Silver prices
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To: Bob Tate who wrote (973)4/1/1998 2:28:00 PM
From: TD  Read Replies (1) of 8010
 
Another story from the shorts. These are just the type of "wall of worry" that bull markets are made of...

In silver industry news, China has been selling large quantities
of silver on the world market, helping to bring down bullion
prices and push up refining rates, traders said on Tuesday.

Chinese traders had been selling silver bars and scrap to
international refiners since late in 1997, the sources said. Up to
150 tons of Chinese silver had already been exported, with more
likely to follow, they said.

Officials at the Bank of China told Reuters they knew nothing of
the silver sales.

FWIW currently think we may be overbought here but looking for a pullback to get near the recent lows plan to finish buying because May is the month for the cycle to begin in with gold silver going up and the dji going down.
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