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.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (53205)	5/24/2000 6:38:00 AM
From: William Harvey	Read Replies (2) \| Respond to of 116756

Curiously, the market top preceeded the crash of 1929 and 1987 by 56 days in both instances. Today is the Dow's 87th day after its current peak and the 52nd day after NASDAQ's peak. Unless both markets peak the same day sometime in the future, it won't happen again, but the notion would certainly settle a lot of current arguments. Rather than ascribe a chief reason that a market crashes, analysts say that after a certain period, the average investor realizes that he/she's been 'stood up' and realizes that higher highs are not going to show up.

To: TheBusDriver who wrote (53205)	5/24/2000 6:43:00 PM
From: Alex	Read Replies (2) \| Respond to of 116756

Cheap Prices Precipitate Surge In Silver Demand Low prices are precipitating a surge in silver demand. So much so that the deficit between fabrication demand and supply (including mine output and recycled silver) was as much as156 million ounces last year, according to "World Silver Survey 2000". Despite the bullish fundamentals, silver sagged 2 cents to $4.96 an ounce Wednesday, a level which encourages considerable consumption, maintains Robin Bhar of Standard Bank London. Silver has performed poorly because China and other central banks unwound their monetary silver reserves, while investors still holding poor performing large stockpiles of silver, sold. Silver's twelve range of $4.88 to $5.79, contrasts with the $50 all time peak in 1980 when Texan tycoon, Bunker Hunt attempted to corner the market. In short, silver is seriously cheap. The survey, which is researched by Gold Fields Mineral Services on behalf of the The Silver Institute, a producer association, finds that global silver fabrication demand rebounded by 5 percent or 41 million ounces to 877 million ounces last year. In contrast production fell for the first time in five years because of uneconomic quotes. The revival in East Asia and India, where demand rose by 11 percent and 5 percent respectively, following a weak performance in 1998, generated much of the overall increase. Fabrication demand in North America was up an impressive 8 percent to 232 million ounces, compared with 214 million in 1998. Industrial applications of silver, which accounted for over 39 percent of all fabrication demand, surged ahead in 1999 on the back of very healthy offtake in the US and Japan. Silver usage in electrical and electronic products provided much of the rise in overall fabrication demand and absorbed 148 million ounces, benefiting from the robust economic environment, as well as the development of new products and end uses. Worldwide demand for industrial applications jumped 26 million ounces to 343 million. Photographic demand for silver, long a mainstay, continued to edge higher as well. Demand for jewellery and silverware rose 5 percent last year to 261 million ounces. This growth occurred even though India, the largest Market for such items, was virtually flat at 71 million. Total supplies rose 6 percent to 888 million ounces. But mine production slipped marginally, while supply from recycled scrap dropped by 10%. Total official sales soared by 117 percent to 87 million ounces, and out of this total China offloaded 61 million ounces. Had China not sold, the fabrication supply deficit would have forced prices higher, GFMS believes. By: Neil Behrmann mips1.net