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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Umunhum who wrote (10122)	3/15/2004 7:36:41 AM
From: russwinter	Read Replies (3) \| Respond to of 110194

I agree that the silver stocks are pricey, so I don't really have a recommendation. I still hold a very large position in WTZ, but I bought at 40 cents in a private placement a few years ago (now over $7.00), and am just in a hold mode. MFN is another one I got in on the ground floor on, and I like the company, but no longer hold. Obviously I don't trust the integrity of the Comex as a real silver market, but that's probably where one has to go to speculate on it. I could easily see a situation develop where spot silver prices spike well ahead of the doctored Comex price. I don't really care personally to get involved with big bags of coins and bullion, because of the spreads and storage issues. If I understand your post correctly, you've bought Comex contracts, and have taken delivery? How has that worked, any extra costs? Where would you sell it, and what would the dealer pay you relative to the spot market? If there was a squeeze (which I expect in a Flucht in die Sachwerte) the Comex would close off delivery, and the buying market for all practical purposes would freeze.