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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (1895)	6/18/1999 1:12:00 PM
From: Ray Hughes	Read Replies (3) \| Respond to of 8010

'Mornin, Rich: Additional demand for lead will help lead price, but likely would not be a factor in silver pricing. There's a bit of a surplus of lead right now, so additional demand for Pb should not cause more production of Pb and Ag. DK what hit silver. RH

To: long-gone who wrote (1895)	6/20/1999 9:26:00 AM
From: ForYourEyesOnly	Read Replies (2) \| Respond to of 8010

"Comex silver stocks have now fallen to their lowest level all year and are only about 3 million ounces from all time lows dating back to the 1970's. This news perhaps buoyed silver in today's trading. While silver in New York is obviously tight (no one removes silver from the warehouse if there exists another alternative due to the cost), London silver appears plentiful as short term lease rates continue to trade at quite low levels. Also, last night, Penoles (the largest silver producer in the world) announced that their annual silver production will fall about 5% this year. We certainly have cross currents here. I think the trend is silver is certainly higher now, but I would not get excited about the prospects until we can break through at least one or two levels of upside resistance AND we show more improvement in lease rates. " From L. Kaplan, LFG