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

To: stuart haven who wrote (4424)	1/12/2002 10:59:43 AM
From: long-gone	Read Replies (2) \| Respond to of 8010

<<Does it make sense that,as Butler says, if high lease rates for silver are caused by a real shortage of leasable silver,(and is there any real doubt about that?)then leasing will be drastically reduced and the resulting downward pressure on the pos will then be largely reduced. The pos will then find its' own level based on supply and demand....Wishful thinking?... If this is so why does Butler say "they" may take the pos down to $4 again. By what mechanism could "they" do that? >> The rumor I'm hearing more & more (and it started quite a long time back with local Denver reports of "hard" Chinese silver Panda coins)is instead of a shortage of silver a shortage of "good delivery"(.999) silver in Europe! CNBC has reported the rumor of a shortage of "good delivery" bars in Europe & Asia! Story is that - One case here in the Denver area had the (very angry) buyer of a NEW 2001 "pure" silver Panda coin unable to force a large ding in the suspect coin with a tire tool against the sidewalk in front of a coin shop! Based on these reports, the most likely possible method for the mechanics of the suggested "take down" of price would seem to need to involve some form of fraud related to purity.

To: stuart haven who wrote (4424)	1/12/2002 11:20:54 AM
From: IngotWeTrust	Read Replies (1) \| Respond to of 8010

Yes, there is real doubt about physical silver truly being in short supply. This is just the 3rd version of a squeeze play in silver I've seen in 20 years. The Comex busted up the Hunt play in the late 1978 Warren Buffett busted up the rogue Phibro traders Silver squeeze 14 years ago in '87, This one will be busted as well. (My guess is that Argentine deliveries to the IMF will be the party pooper this time) So, you can see a pattern, right? Silver out of USA Coins: 1965 1978 1987 2001 It was due, Stuart...this silver squeeze business a just another cyclical thing. And no, Richard, haven't heard of "hard Pandas" out here...not yet anyhow. Please keep me posted, and I'll ask my fellow dealer contacts.