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

To: TD who wrote (3029)	10/24/2000 10:46:57 PM
From: Alan Whirlwind	Read Replies (2) \| Respond to of 8010

The usual elements that get us all excited. One thing, I doubt Buffett has any of his silver left. He either sold it outright or leased it all out. Why wouldn't he lease it? Bucks coming in from the lease, no storage costs, and the promise of getting it back later. It's gone through the pipe already. One change in circumstances that may hint of some improvement in the situation is that e-bay has very little silver vehicles, such as 40% Kennedy halves up for bid--just six hits last night compared to dozens any night throughout the summer.

To: TD who wrote (3029)	10/25/2000 7:15:46 AM
From: long-gone	Read Replies (1) \| Respond to of 8010

Gawd I hope he's right!

To: TD who wrote (3029)	10/27/2000 9:20:11 PM
From: paul ross	Read Replies (1) \| Respond to of 8010

>>>>>> (Smith was the author of "Silver Profits in the Seventies," a powerful and accurate analysis of silver that was said to have heavily influenced the Hunt Brothers). At the time, silver and gold were coming off a period of government price controls. This had artificially depressed the price. According to Smith a powerful upward surge was inevitable after this price suppression was relaxed. He claimed that prices would explode upwards after the controls were lifted and as usual, he was right.<<<<<<<<< Mr Cook fails to mention that Jerry Smith had also predicted that silver would reach $200 by 1986. I remember several silver/silver coin dealers at the time distributing a pamphlet by Smith stating that silver prices would double from $50, and then double again to $200. What many claim that Smith and others failed to forsee was the huge above ground supply that came to the market as silver rose to $50... There are rumblings once again that there still exists 100's of millions of ounces of silver sitting in warehouses in Europe and Asia,(a story advanced by Martin Armstrong a couple years ago) and that this, along with the "paper" silver market, continues to depress the market.