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

To: Alan Whirlwind who wrote (4387)	1/9/2002 1:49:49 PM
From: Zardoz	Read Replies (1) \| Respond to of 8010

Am I on your ignore list again?

To: Alan Whirlwind who wrote (4387)	1/9/2002 2:09:30 PM
From: russet	Respond to of 8010

Globe says silver short squeeze boosts Pan American Pan American Silver Corp PAA Shares issued 37,568,234 Jan 8 close $6.77 Wed 9 Jan 2002 In the News The Globe and Mail reports in its Wednesday, Jan. 9, edition that the price of silver has soared during the past six weeks in what traders are describing as a short squeeze. The Globe's Allan Robinson writes that on Tuesday in London, silver traded as high as $4.77 (U.S.) an ounce before weakening nine U.S. cents to close at $4.63 (U.S.) on the New York Mercantile Exchange's Comex division. Silver touched a 52-week low of $4.03 (U.S.) an ounce on Nov. 26 on Comex. Silver prices have been depressed and are approaching their long-term trading range of $5 (U.S.) to $5.50 (U.S.) an ounce. The average price of silver during 2001 was about $4.38 (U.S.) an ounce, down from $4.97 (U.S.) in 2000 and $5.22 (U.S.) in 1999. Pan American Silver says, "A short-term supply of silver has been hard to come by." Pan American expects to produce nine million ounces of silver in 2002, up from an estimated seven million ounces in 2001. Shares of Pan American Tuesday touched an intraday 52-week high of $7.05 (Canadian) on the Toronto Stock Exchange before settling back to end the day at $6.77 (Canadian), down 23 Canadian cents. The stock set 52-week low of $3.82 (Canadian) in March. http://cbs.marketwatch.com/news/story.asp?column=Futures+Movers&siteid=mktw Gold futures touch two-month high Gold futures rose to their highest level in two months Wednesday, boosted by strength in demand and silver prices. Gold has seen steady physical demand in major consuming areas, with reports of increased interest in the Far East, Rhona O'Connell of the World Gold Council said in a daily note to clients. On the Commodities Exchange division of the New York Mercantile Exchange, gold for February delivery traded as high as $282.50 an ounce, a level it hasn't seen since Nov. 12. It was last at $281.70 an ounce, up $2.40. See Metals Stocks.