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

To: goldsheet who wrote (5678)	8/18/2002 10:59:01 PM
From: Canuck Dave	Read Replies (1) \| Respond to of 8010

LOL, you got to throw out the Russian judge in that silver contest. Definitely skewing the statistics. Seriously, in my mind it all comes down to the availability of physical silver for delivery. If there's ample supply and the spot market is smooth, the paper shorters can get away with any old game. If not, the game changes. You can't predict when or even if the game will indeed change since the physical amounts are closely held secrets. Looking at the rest of the market, most other asset classes seem very dangerous, with companies awash in credit and options. I've had a very good year so far and can afford to wait things out. My biggest trading flaw (still) is I get bored and try to force things I really know aren't there. Once I can enforce some consistent discipline on that front, maybe I can avoid those 30% hits.... I still like silver in the long term. CD

To: goldsheet who wrote (5678)	8/19/2002 7:49:24 AM
From: TheBusDriver	Respond to of 8010

Nice chart Bob thanks! Can we update our values for the contest?<g> Wayne

To: goldsheet who wrote (5678)	8/19/2002 8:31:28 AM
From: IngotWeTrust	Read Replies (1) \| Respond to of 8010

not to speak of "A SINGLE long spec liquidation position of 120 MILLLLLLLion SILVER oz" <vbg> Sounds like a commitment to take delivery by one user has been accomplished????? You did see this on Friday's UBS Warburg page, Bob? >>View: Change in open interest for Wednesday clearly point to liquidation of a speculative position. There are two possibilities behind this action. First, if this represents selling by the normal spec traders then their long positions are almost exhausted and silver will probably rally. The second possibility is that the recent selling marks the beginning of liquidation of the large +120 million ounces long position in which case silver will probably remain weak and fall further over the next month or so. Only time will reveal which of these possibilities is true.<< thebulliondesk.com GUESS WHICH "POSSIBILITY" I KNOW TO BE CORRECT... Ole Wayne will be lucky if it stops at $3.80...