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

To: Claude Cormier who wrote (6337)	12/24/2002 10:14:35 AM
From: Silver Super Bull	Read Replies (2) \| Respond to of 39344

CC, RE: "I am waiting for silver/gold ratio to move below 60:1" As I see it, the problem with waiting for this type of confirmation is that by the time it happens a lot of profit opportunity will have already happened. Even if one were to assume gold would stay at $347, silver would have to be $5.78 for the 60:1 to take hold. I'll be the first to admit that the price action in silver over the last few weeks has been uninspiring, to say the least. But the silver market can move very swiftly, both up and down. DB

To: Claude Cormier who wrote (6337)	12/24/2002 10:24:53 AM
From: vds4	Read Replies (1) \| Respond to of 39344

claude, do gold/silver... etc keep trading on ny access market over the holidays? for that matter, are there significant markets that will be trading while the american and london markets are closed this week? martin

To: Claude Cormier who wrote (6337)	12/24/2002 1:33:08 PM
From: Elizabeth Andrews	Read Replies (1) \| Respond to of 39344

The difference is that the above ground supply of silver is in the hands of many millions of people who view it as discretionary money, while the same people hold a lot of gold but it is viewed as real money and gold is only exchanged for fiat in the most desperate circumstances or periods of abnormal price spikes. The central banks only have nominal positions in silver so there's no one large seller but millions of small ones that keep constant selling pressure on a weak buy side. The silver supply is driven by the inflation rate in countries like India, Indonesia and Mexico where it has been endemic for centuries and unlikely to change. The inflation rate in the USA is about to take a spurt, especially if the economy turns up a bit.