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To: John Pitera who wrote (14105)8/28/2000 11:00:23 AM
From: pater tenebrarum  Read Replies (3) | Respond to of 436258
 
that's what i heard. they wouldn't do that via the COMEX of course, but in an otc transaction involving a lease.

if it is true, i have already worked out they would be bankrupt at $50/oz.

i think silver's poised for a surprise comeback....it's the only commodity to have gone down in price in the face of a decade long supply/demand deficit. however, the stockpiles that were feeding the market are running down to almost zero too. once that happens, what then?



To: John Pitera who wrote (14105)8/28/2000 11:14:34 AM
From: robnhood  Read Replies (1) | Respond to of 436258
 
<<Barrick Gold's increase in its silver hedge position in the second quarter, from
14 million ounces to 20 million over the next five years, >>

Just read that today...FWIW



To: John Pitera who wrote (14105)8/28/2000 3:36:29 PM
From: re3  Respond to of 436258
 
re abx : but i heard they won't be shorting any MORE !!!

comforting, eh ?


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