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Gold/Mining/Energy : Silver prices

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To: AurumRabosa who wrote (1391)	11/15/1998 1:10:00 PM
From: Alan Whirlwind	Read Replies (1) of 8010

"The major users of silver have long-term delivery contracts with silver producers, they don't do their silver shopping at the commodity exchanges or the central banks." One of my small silver plays is a company which seems to be leaning towards such an arrangement. The buyer guarantees a bottom price but pays a discount to market price. Of course, as the silver price rises the discount remains, but to a higher silver price. There is currently a 200 million+ annual production deficit to consumption. There is not enough mine production to satisfy current industrial demand. If there was our remaining paltry COMEX stockpile wouldn't be drawing down so fast. --Alan

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