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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (4920)	9/10/2002 11:30:49 AM
From: Canuck Dave	Read Replies (1) \| Respond to of 39344

Yeah, I saw it. I actually chuckled a bit. As I noted in the silver price thread, Kaplan and his people apparently got caught in the big silver sell off in July. I can just see Bob gritting his teeth as he comes to accept the fact that his options will probably expire well under water. Regarding the Butler/Wolkoff debate, Ted makes good points, but he loses a lot of credibility with his style including the "Pampers" comment. Why is he wasting his time with these guys, anyway? They're not the problem. I am writing a silver article for a tip sheet. Geez, it runs to 6 pages, but can be summarized in one sentence. As long as someone has the ability and the willingness to sell silver at these prices, the situation won't change. Everthing else follows (is derivative, LOL) from that. JPM can get away with its futures strategy. They're just manipulating the price in the direction it wants to go. The Mercantile Exchange won't bite the hand of one of its biggest customers. Of course they're going to make the efficient markets argument. Right now, they are. Until the basic demand and supply balance in real silver changes, we drift around twiddling our thumbs and arguing over the effect of every little million ounce change. CD