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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Frank Pembleton who wrote (92569)7/19/2001 11:15:55 AM
From: Tommaso  Read Replies (1) | Respond to of 95453
 
I hope you are right, but I have been holding PAAS for years and it has never gone anywhere, Buffet, Fleckenstein, and others notwithstanding.

But maybe the silver market is still like the stock market in the early 1950s: terrified of the old speculation and crash of 20 years before.

By the way, two weeks ago I visited a mine in Idaho and found out that silver isn't even refined in the U.S. now. The ore is trucked out and shipped to Japan in barges for refining. I don't know what this tells us, if anything.

Mining is nearly moribund in the US because of the low prices.



To: Frank Pembleton who wrote (92569)7/19/2001 7:37:58 PM
From: rails99  Read Replies (2) | Respond to of 95453
 
Frank: Thanks.

Great news that silver is in same low inventory shape as the yellow metal. I have both and patiently await the rally in the metal prices. I have some CDE, HL and SSRI in the silvers.

OT: FWIW dept.: WGOV earnings out at 18:01 hrs., 07/19/01: 21% incremental incr in net earngs, 54% year over year increase in net, sees 15% increase in sales next 3-4 years. All this should bode well for the share price, no. shares outst is approx 11 mil. Did well with this 1st qtr. (fuel systems and OEM for GE, BA, CAT, etc.) (JMHO).

Best;
Rails