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Gold/Mining/Energy : Silver prices

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To: Alan Whirlwind who wrote (1771)2/26/1999 9:50:00 PM
From: TD  Read Replies (1) of 8010
 
Alan, I read Kaplan as well, he is very good. All I think I know based upon 20+ years in the silver market is that when silver finally breaks to the upside once and for all, hardly anyone will believe it. Including me. Everytime in the last eighteen years, silver has risen it has fallen back, someday this will not happen, and all those smart shorts will have to cover.

My biggest factors are:
1. Less silver is available for investment than gold.
2. Not controlled by governments.
3. Several years of supply imbalance.
4. Wildcard factor Y2K
5. Hated by nearly everyone, ie Kaplan who loves gold but not too big on silver.
6. 60 year and 90 year cycles in place.
7. WB announces his purchase, it never hurts to have someone like Buffett take a view on a market that is similar to your own!
8. Inelastic- a certain amount has to be purchased even if the price is $200 per ounce because it is absolutely required for certain applications, unless you want to substitute gold, or platinum for the same application.
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