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

To: Bruce Robbins who wrote (2576)	2/9/2000 6:35:00 PM
From: TD	Respond to of 8010

FWIW, Ted Butler, whom you may know of, he posts on the gold-eagle site. Actually has stated that there is less AVAILABLE Silver than gold. Notice the word available, that is what is above ground in investent form, not what is in your computer keyboard or back winshield heating element. Anyway, CPM group has the definitive word in the industry and most of the following was from them What a Friday for Gold. Silver moved as well. Most of the rumors this past week have given investors pause to think!!Is this the beginning of the FEAR which will grip the Major financial markets at some time? In reality, whether the rumor about Goldman is true or false matters little to us, because we are well founded in the Austrian School and know the truth about paper money- Paper money always reaches it's intrinsic value of zero. Since the world is based upon a fiat dollar this does not bode well for the entire "global community." Editorial So much has been written about the gold carry trade, hedging, and forward sales that we feel obligated to say a few words about this subject and the silver market. Ted Butler is main author that has written extensively on this subject, and our brief outline is just a reminder to our readers. From the CPM Group 1999 Silver Survey page 15 The amount of paper silver, available to banks and dealers who short the market clearly is important to price trends. For example most to the 394 million ounces of silver bullion held in banks and dealers is used as collateral to trade against. Many banks use leverage factors of ten to one. Meaning banks may have sold 3.9 billion ounces of silver short, using the silver bullion coins in their safekeeping from investors as collateral. So friends, the same situation exists in the silver market as in the gold market, it just does not get as much press. Silver however is still our favorite because it is mainly outside of government hoards, but the manipulation game could and most likely does exist in silver. Our comment, take delivery of your money (silver) and bury it if you must! Provide your own safekeeping outside of the bullion dealer. When this market explodes as we expect, the last thing you will want to be doing is asking the dealer on the phone to deliver your silver. By that time who knows the exchange might have changed the rules. They did it once before to "protect us." The precious metals markets are primarily for your protection, therefore be wise pay cash and take delivery ! td