Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (2318)	12/15/1999 9:41:00 PM
From: Henry Volquardsen	Respond to of 3536

Hi D, That pretty much jives with my memory of what happened with silver. I forget exactly what rule was changed but I do recall there were rule changes designed to pop the bubble. I don't remember if it was the CFTC or the exchange but it did happen. The thing is that in retrospect they probably didn't need to. The metals bull had gotten way over extended as evidenced by the fact that gold collapsed as well. Also at $45 silver there was supply coming from everywhere. I remember in New York there were stories of people lining up to sell silverware, jewelry etc. Btw I believe Buffets' silver position is both in the US and Europe. Also if anyone thinks London is immune from this type of manipulative shenanigan should check the London tin market a few years back. Henry