SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Silver Super Bulls -- Ignore unavailable to you. Want to Upgrade?


To: Elizabeth Andrews who wrote (47)1/3/2003 2:57:35 PM
From: Eva  Read Replies (1) | Respond to of 1281
 
Elizabeth

with all due respect! Buffet owns tons of it. Soros and Microsoft Gates bought themselves into Silvermines.
( I believe SOros is in SIL) for sure hot money!
Unfortunately not well known, I also forgot over the years the details, hope someone else helps out!
Cheers
Eva



To: Elizabeth Andrews who wrote (47)1/3/2003 3:03:05 PM
From: Claude Cormier  Read Replies (1) | Respond to of 1281
 
Eliz, you are right. Big money will not go into silver. But because the market is so small, small money can move it big time.



To: Elizabeth Andrews who wrote (47)1/3/2003 9:27:54 PM
From: Silver Super Bull  Read Replies (1) | Respond to of 1281
 
Liz,

RE: <I think the problem is that the silver market is just too small to attract the hot money.>

Yes, the market is definitely too small to accomodate sizable capital inflows. But in addition to smaller inflows, my opinion is that there are legions of investors who are familiar with the dynamics behind silver, but are staying away until some type of trigger point is reached. They probably have grown weary of the lethargic up and down market...it seems as if silver has been basing since the 80's, albeit with a few rallies. But I think this same crowd will be very quick to jump back in once some trigger is reached, whether it be a sharp price advance, rising lease rates, or whatever. When this happens it could be something to behold. Just my opinion, but as you know investors love momentum plays.

DB