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

To: Ray Hughes who wrote (1940)	6/28/1999 7:06:00 PM
From: Don S.Boller	Read Replies (1) \| Respond to of 8010

Ray: Your take on post 1943 (silver and zinc)........ Best, Don

To: Ray Hughes who wrote (1940)	6/28/1999 10:30:00 PM
From: ForYourEyesOnly	Respond to of 8010

"I believe its getting risky to be out of silver and we may not get another trade below $5.00." Beautiful!! I like this statement. Now, how to play it? Are you going to buy (or I guess you already have) around $5, and then sell all/part of the position when the stohs max out? Would it be possible for you to alert the thread when your stohs enter "overextended" territory? My recent experiments with options have been a lesson in extreme price volatility. Futures seem comparatively straightforward and easy to play.....I have held several positions for nearly a year. In retrospect, it has been a very cheap way to hold on to a big position. An added kicker is that the Tocom silver futures are in constant backwardation, so you can make a few % a year just holding & rolling over. I still have my futures & options positions, but I will probably just add futures positions as we move up. Cheers, THC