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To: mishedlo who wrote (266311)11/7/2003 12:01:57 PM
From: patron_anejo_por_favor  Respond to of 436258
 
I'm not so sure it's ever gonna soar...I got some physical, but have been avoiding the silver stocks. Supply/demand just doesn't look all that great, and as you say, the chart is much less bullish than gold.



To: mishedlo who wrote (266311)11/7/2003 12:02:56 PM
From: Knighty Tin  Read Replies (3) | Respond to of 436258
 
Mish, Charts, of course, are nonsense. But fun nonsense. Supply and demand. Many more demands coming up, especially from the rapidly growing life sciences area. And, as foreigners get sick of holding the Clownbuck, they look for something more solid. Silver has been considered money forever. Remember, that's what Judas received for betraying Jesus.

We have had a 22 year bear market. The stuff got up to unsustainable levels of $54 an ounce and fell to what I calculate to be equilibrium, in the $8-11 range. Lately, so many silver bulls have been burned that they don't even want to hear about supply and demand. But the main thing is, when somebody says, "is there anything out there that is still cheap?" Silver is one of the few answers.