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


To: Claude Cormier who wrote (3385)2/7/2001 5:36:35 PM
From: Canuck Dave  Read Replies (1) | Respond to of 8010
 
Paranoid conspiracy theory #32767: Silver and the new Triumvirate

Based on what I already knew and a few nuggets from the radio interview, how's this for a theory? Gates, Soros and Buffett are buying spot silver while at the same time have big short positions in the futures market to keep the price down. Every month, they quietly cover their shorts and move on to the next month. In fact, they are deliberately keeping the market as dormant as possible.

Meanwhile, the real supply of silver dries up, the US mint runs out, and other supplies are exhausted. Then one day there's a crisis of some kind, the shorts are removed, the bullion depositors demand delivery of their loaned supply, and all those coin dealers suddenly stop offering bags of silver coins at deep discounts.

And most importantly, The unholy 3 now control the lion's share of real silver and announce "You want silver? Fine, but you'll have to pay our price." 100$ an ounce? That's the value of paranoia. It dovetails neatly into greed and fantasy.

CD



To: Claude Cormier who wrote (3385)2/8/2001 12:43:57 PM
From: goldsheet  Read Replies (2) | Respond to of 8010
 
Just an FYI;

BHP's Cannington silver mine appears to be getting close to "full production"
Quarter was 8.194moz vs. 6.903, +19%
Six months was 16.389 vs. 13.602, +20%
Trailing 12 months was 31.741 va 24.925, +27%

Looking like they will level off in the 33-35moz area, which puts them in 3rd place behind Penoles and KGHM Polska
goldsheetlinks.com

REF: bhp.com