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Gold/Mining/Energy : Silver prices
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To: Mark Bartlett who wrote (996)4/5/1998 5:37:00 PM
From: KipferlMeister  Read Replies (2) of 8010
 
I was talking to a bullion dealer last Friday who'd just come back from a tour of a large refinery. He said that facility was totally backlogged with silver that had been shaken loose by February's price spike. The operator pointed to material that had overflown into a hallway and claimed to have more than 10 million ozs. waiting to be refined. The bullion dealer himself confirmed that they'd been flooded with people bringing silver in off the streets, but that traffic had since leveled off -- I'd imagine this will be the pattern with each successive peak. He also mentioned that he was starting to see the first interest in metals for investment purposes in a long while.

FWIW.

-Michael
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