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

To: brian krause who wrote (4077)	12/20/2001 2:40:50 AM
From: Canuck Dave	Respond to of 8010

Another issue is whether any of those 102 million ounces are already leased. CD

To: brian krause who wrote (4077)	12/20/2001 7:56:33 AM
From: long-gone	Read Replies (2) \| Respond to of 8010

Honestly, everyone talks about manipulation, but, when any CEO sees 10+% 30 day interest DURING A RECESSION, he would be hard pressed to prove he has performed to the best interest of the shareholders if he didn't enter into the lease! On the other side, were I that CEO I would explain to my shareholders the difference between the rate currently paid on loans of an absolute "safe" nature and these silver lease rates & that there must be FAR ABOVE significant risk of default for there to be that high a level of (assumed) return!!! My question is who is paying that high a money to borrow silver? The market is pricing in extreme risk of default!