SSRIF Silver Standard Resources Message Board

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Gold/Mining/Energy : SSRIF Silver Standard Resources

SSO 112.65

-2.2%

4:00 PM EST

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To: philv who wrote (186)	7/17/1998 12:22:00 PM
From: Douglas Freeman	Read Replies (1) of 403

I thank all for the worry about tape action, Russian deal, etc. The Russia pullout is certainly a downer, but at this point the project in Australia is worth more than today's 1 9/16. Considering this is close to the seasonal low point for silver, I took the opportunity to double my stake yesterday in SSRIF. Considering any ma & pa hedge fund could corner silver at this point (total Comex reserves are about equal to a single small-cap stock), you can just about pencil it in for Christmas. I would keep an eye on Apex too. George Soros is actively acquiring silver properties, & SSRIF has a project right next to George in Bolivia. SSRIF's decline lately has come on light volume, making it very unconvincing. All adds up to a good opportunity at current levels. ID

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