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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (2267)	3/17/2004 9:14:40 AM
From: yard_man	Read Replies (1) \| Respond to of 116555

this was good >>the only reliable silver statistics we DO have are those of production and consumption ( in deficit for ages ) and the KNOWN inventories, which as TB points out don't seem all that big. however, there must have been large unknown inventories in the past, since that's the only reasonable explanation for the previously depressed price. << I'm sure TB would disagree heartily with that last statement, but it is the only thing that makes sense. As far as the move in silver goes -- this first move can only be part-way over -- needs to make it to at least 9/oz before its done -- looking at the longer term chart and maybe 11 or 12 bucks.