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

To: Claude Cormier who wrote (2384)	1/5/2000 7:26:00 PM
From: TD	Read Replies (3) \| Respond to of 8010

Why silver slipped 18 cents today? Fears that China will dump silver on the market sent silver futures prices sharply lower in trading Wednesday on the New York Mercantile Exchange. Silver prices plunged on a report in the semi-official Peoples Morning News that the Chinese government will sell some of its silver reserves. The amount of silver to be sold was not mentioned. However, China is believed to have 93 million ounces of silver in reserve, according to analyst James Steel of Refco. Inc. 93 million ounces times 5 bucks per ounce = about half of what Michael Dell (Dell computer) stock dropped yesterday (His personal stake in Dell Computers). It would less than that amount of money to buy up all of the COMEX silver. Yes big numbers for you and me but small numbers for world finance.