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

To: Claude Cormier who wrote (2016)	7/7/1999 4:43:00 PM
From: Alan Whirlwind	Read Replies (2) \| Respond to of 8010

Commodity prices run in cycles. If you hedge so far the cycle moves up without you, you are a sorry fool. Gold will move back at some point.

To: Claude Cormier who wrote (2016)	7/7/1999 5:19:00 PM
From: David R. Schaller	Read Replies (1) \| Respond to of 8010

Claude, Miners can easily find themselves in the same position as farmers. Weather may not be a factor, but environmental issues can arise. Underdeveloped countries can tighten controls. Labor unions can strike. Prices can drop below production costs. Third world countries can lay claim to the property & its assets. Etc. What constitutes a short position in your mind? When Barrick borrows & then sells $4,000,000,000 worth of gold it seems intuitively obvious that they don't expect to replace it with gold at a higher price than they received. They want the price to go down ..not up. You might say they are "banking" on it. This to me is exactly analogous to an investor borrowing securities, selling the shares and then hopefully replacing them at a lower price. I don't fault Barrick for pulling every trick they can come up with to make a buck. But lets agree as to what it is they're doing. 2/3rd's of their profits come from interest earned on the sale of a borrowed asset. Mining is almost a sideshow to their real operation. Dave

To: Claude Cormier who wrote (2016)	7/7/1999 8:09:00 PM
From: Spark	Read Replies (2) \| Respond to of 8010

Silver goes up when Gold does...with the Brits thinking of selling their Gold..will this bring silver down also?? S

To: Claude Cormier who wrote (2016)	7/8/1999 11:14:00 AM
From: long-gone	Read Replies (1) \| Respond to of 8010

Met a little gal checking at the smoke shop, she had ears pierced with 10 holes in one and 12 in the other, each had a small sterling silver hoop. On every digit of both hands she had silver rings(some large), two rings on two fingers of both hands. said she loves silver. Said she was going to have to start getting new holes elsewhere as no more ear space for more silver. Askes us to come back and see the new holes this weekend, wife told me NO!