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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (49020)	3/27/2002 10:38:14 AM
From: Sully-	Read Replies (1) \| Respond to of 65232

COMEX silver near 10-week high on early fund buying NEW YORK, March 27 (Reuters) - COMEX silver was sharply higher early Wednesday, pushed to a 10-week high by overseas players chasing the technical breakout above the $4.60 an ounce level in May futures. Gold was also sturdy with the market aiming at the psychological $300 an ounce barrier. But a range-trading theme prevailed while the market awaited the Easter holiday weekend starting Good Friday. COMEX May silver <0#SI:> vaulted the $4.64 high from March 5 and was last up 7.5 cents at $4.66 an ounce, trading $4.535 to $4.67 in off-hours ACCESS trade, its highest since Jan 11. Spot silver was quoted at $4.65/67, up from $4.59/61 at New York's close. It fixed at $4.642 Wednesday. Dealers and brokers said the buying started in Australia during Asian trading. ``There's been some good fund buying coming back in here. It's been holding the highs as locals are trying to get short,'' he said. ``We tried to break $4.60 a couple of times yesterday and failed. They got it overnight so that's why were holding these levels here.'' Silver has tended to track gold recently, suffering from a lack of investor participation, as illustrated by open interest of a low 74,055 contracts as of Monday. But it seemed to lead the way higher on Wednesday. Some bullion traders saw scope for demand to pick up as the economy pulls out of recession, based on silver's use as an industrial metal. April gold <0#GC:> was up $1.40 at $298.20 an ounce, trading $296.30 to $298.70. Wednesday is the last day of rollovers before June gold becomes the active contract Thursday and April delivery notices commence. Spot gold was quoted at $298.20/8.70, up from the close at $296.40/6.90 and the early fix at $297.50. ``Part of it could also be holiday jitters with Tokyo being open. Historically, we've seen rallies in metals during the holiday period. Easter is not a good time to be short,'' said a London bullion dealer covering the New York market. ``I think that lends some credibility to this as opposed to just fund buying. As a house, we wouldn't be short gold going into the weekend,'' he said, adding the holiday argument also applied to silver and platinum. Yen-based TOCOM gold futures edged higher Wednesday as a lull descended over the market before Japan's fiscal year-end on Thursday. Japan has led gold higher in recent months as the market fretted about a weak yen, a decade of economic stagnation and the rollback of unlimited bank deposit insurance, which begins next week. NYMEX April platinum <0#PL:> was up $1.80 at $513 an ounce. Spot platinum was last quoted at $508/513. June palladium <0#PA:> was off $6.40 at $386 an ounce. Spot palladium fetched $380/$390. biz.yahoo.com

To: Jim Willie CB who wrote (49020)	3/27/2002 6:44:23 PM
From: T L Comiskey	Read Replies (1) \| Respond to of 65232

Robber baron's run Amerika Jim...simple truth... their Kids dont go to War...though they invest heavily in Gun manufacturing...they dont work for a living...becoming career Pols instead.......they set up off shore accounts..as the NY times reported yesterday..2Million strong and growing( tell em Kenny Boy sent Ya...<g>)and pay No Taxes....... Sure We need a tax cut...But Not for K-boy and his ilk the average worker spends his money Here not in Monte Carlo so give IT to him..her....... As Johnathan Swift truly meant to suggest....... Lets eat the (underserving) Rich... talk about voodoo economics......it will trickle down Just Fine Pass the salt and pepper........ Have a nice day Jim T