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To: Clappy who wrote (49226)	4/1/2002 10:11:40 AM
From: Jim Willie CB	Respond to of 65232

thanks for COT detail website only correction: commercials are NOT hedging their physical gold positions and neither are the silvers commercials are shorting, simply paper shorting they no longer are leasing gold from central banks the gold carry trade is dead and over lease costs have risen 3-month TBill yields are near zero gold prices are trending up now the kicker in Feb the short silver position open interest was 62,000 contracts in March it was 68,000 contracts short no big difference each contract calls for 5000 oz silver delivery do the math: short positions are 340 million oz silver Comex reported world supply at 105 million oz silver last week I think they are lying, and making it higher deceptively assume they tell the truth short positions are more than 3x the world supply i.e. short squeeze coming Comex collusion, Fed encouragement but now bullion bankers like Goldman Sachs are going long gold Goldman came out last week reco long Newmont (NEM) Soros founded Apex Silver (SIL) he alone has the money necessary to push a silver corner / jim

To: Clappy who wrote (49226)	4/1/2002 10:30:27 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

been eating bananas for almost 15 years finally they have worked their way into the DNA genetic structures apparently that effect, combined with living in a former steel town, has transformed me into a precious metal devotee I truly believe a financial upheaval is coming as the USDollar slips, gold & silver will take off another 10-20% move in the physical will break the back of the Gold Cartel and force a short cover rally that captures world attention something unexpected will happen to lead buyers into gold something unexpected will result my guess is several silver defaults and reports from the likes of Kodak or the USMint that silver supplies are totally unavailable guys like George Soros, institutions like China, and clandestine groups like Islamics have the power to push the issue Soros could buy above ground silver supplies China could discontinue all silver sales (already doing so) Islamics could push forward on their Dirhan silver and gold coin minting you cannot short silver 3x the world supply you cannot hold down a strategic metal of importance you cannot suppress the price to the point where 70% of silver mines are shut down you cannot lead the public to believe the downtrend is forever free markets find a way to force the issue it will be forced just watch, but give it time / jim