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.

Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (327)	6/25/2001 2:08:11 PM
From: craig crawford	Read Replies (1) \| Respond to of 1643

Gates touch turns Pan Am Silver to gold: Stock up 17% since June 5: Miner positioned as prime beneficiary of silver price rally globalarchive.ft.com Financial Post - Canada; Jun 22, 2001 BY JASON CHOW Silver is bound for a rally, the experts say. The stockpiles are depleting quickly while demand remains strong. China, which control up to 15% of the world's supply, continues to be the wild card in the silver market and has been selling a substantial amount of its reserves, keeping prices low. Silver prices, however, are heavily influenced by movements in the gold market. How they work together is too difficult to define, said Mr. Cooper, but a correlation exists. "Gold and silver are going to go up together. They're not going to go up one to one, but there is some connection there." ..................................................................................................... Besides Bill Gates, two well-known billionaires have made waves in the silver market. Super-investor Warren Buffett reportedly bought 130 million ounces of the precious metal in 1998 and former hedge fund guru George Soros owns a large stake in Apex Silver Mines Ltd. Why would they be so excited about silver? Both analysts think such moves could be a long-term bet on a simple supply-and-demand game. "They're looking at it fundamentally, and silver is one of the best-positioned metals for the future," said Mr. Hodaly.