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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Art Bechhoefer who wrote (6218)1/9/2002 9:40:03 AM
From: Frank Pembleton  Read Replies (1) | Respond to of 36161
 
Art, with all bull markets we take things one step at a time. In the case of silver -- it's two steps forward one step back and $5.50 is terrific step forward. :)

Note, -- silver in the earth crust is only 15 times more abundant than gold -- so a 60 to 1 Gold/silver ratio is an extreme example of how oversold this metal is.

Classic supply/demand bull market... JMHO

Also, to support the Cook article - MarketWatch wrote up a nice news story on the subject. Here's the link in case you missed it.

No physical silver left? Whodathunkit... :)

www2.marketwatch.com;

BTW, I've doubled my money since we last spoke by investing in this sector.

Regards
Frank P.