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

To: Little Joe who wrote (5241)	5/26/2002 12:20:09 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 8010

that is his point. the paper charade will come to an end.

To: Little Joe who wrote (5241)	5/26/2002 3:21:56 PM
From: Canuck Dave	Read Replies (1) \| Respond to of 8010

where is the extra silver coming from?. That is the big question. If you had the definitive answer, you could time your move and make major moola. Some of the extra silver came from US stockpiles (they are pretty well exhausted), leasing by the Bank of Singapore (there are rumors the lessees are trying to convert them into outright sales), China, and who knows? But it's all rumors and opinions. Place your bets based on imperfect information. CD

To: Little Joe who wrote (5241)	5/26/2002 5:02:55 PM
From: paul ross	Respond to of 8010

I think Butler's point is that both the cash and futures markets are manipulated. The nearly 1 bill.ounces he claims has been leased has been sold into the spot market to depress prices there. He argues that it is the futures market where the manipulation can most clearly be seen. You make an interesting point about the spot market driving the futures.I would agree that if any sort of silver spike were to develop it would start in the cash market. My own theory is that CBs behind the scene, starting with the Washington Accord on gold leasing in 1998, have seen the explosive potential this leasing mess could cause and have taken steps in both gold and silver to prevent any price spikes caused by the leasing deficit. The leasing will unwind in an orderly fashion and the POG and POS, by their plan, will seek its equilibrium level. However, many who have leased their silver, gold will not receive it back, will settle for cash payment. If silver is to see any dramatic price increase I feel it will be led by investor demand,much like in the late 70's. The available above ground supplies of silver, its decreasing/increasing yearly deficit, the decreasing use for photogr., increasing use for fuel cells, medicinal usages, etc. etc. may have little effect vs. a change in investor psychology from equities to hard assets. Net investor demand was positive last year for the first time in the last 10 years, a 110M ounce turnaround. If just a couple percent of this* money were put into gold and silver, the "recommended" 5% in times of uncertainty, there might then be a significant rise: *http://biz.yahoo.com/rb/020525/column_stocks_week_1.html