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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (28324)	2/18/2003 10:17:34 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 36161

Ted Butlers Silver commentary: The most salient point Butler made was: ["While Barrick is being intentionally cryptic in saying they will "financially settle" a large chunk of their silver short position, even if they paid cash for all 35 million ounces held physically short, that comes to $175 million, something Barrick could afford. "] xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx "even if they paid cash" ? ....they WILL pay Cash. "$175 Million is something they can afford" ...yes it is & yes they can. It is indeed bullish that Barrick will settle their Silver Hedge Book and no one would dispute that. But, extrapolating that Barrick release into $50, or $100 oz Silver - is looney-bin material. Strange how all of the Pro's Trading Silver in the Markets for a living... are the "last to know" (vbg).....I guess "WE" are the only one's that KNOW, or have it all figured out....it's our BIG SECRET...and WE'RE GOING TO GET RICH - because NO ONE else knows...yada, yada, yada... Butler's talk about $50 & $100 Silver is pretty over the top...maybe Tokyo-JimWillie can top Butler and come up with some more fantasia commentary on 123hype.com about $2,000 Silver coming @ USD 80 or something (vbg). Simply amazing that you can't find a sane pundit talking about $7 Silver. I guess $7, or even $9 - just isn't over-the-top enough, to get any ink on the Mega-Bull Web Sites. Kind of like the tabloids at the newstands competing against each other - to see who can come up with the biggest Whopper...the GLOBE with the 72 lb newborn baby from Mexico, or the STARR with a 5-headed tree frog, or the 80-ton meteor from Mars that landed in someone's toilet etc.