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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (7269)	4/23/2004 4:03:31 PM
From: Proud Deplorable	Respond to of 313487

<FONT COLOR=red>Claude...McEwen is buying and with holding gold again. He's going up to 270,000 ounces in inventory, 72,000 (2.2 tonnes) ounces or 1/3 his production per quarter. Did anyone realize this? Remember what happened last time he made a similar move? Why can't those assholes at PAAS and Hecla do likewise, in fact I would think that even junior explorers, if they have a bit of cash would be buying silver now showing that they believe in silver going up. If they don't believe that silver is going up and can't put their money where there mouth is then why are we holding silver stocks at all? I'll say this to any silver companies reading this, if you don't buy or withhold your own product you will see silver lose its momentum and you won't be needing the cash you are sitting on for exploration because the projects will have to go on the backburner.....wake up silver miners! Again, why are we holding shares in companies that don't back their own product? At least Goldcorp believes in gold and proves it. I'm sick and tored of brain dead silver miners, from the large cap to the smallest. They perpetually lose money and now I know why. If they were to announce that they were going to put 10% of their cash into silver bullion then it would not only help eat up the small supply of silver available but it would change the psychology of the market and give a lift to the shares also. WHAT WE NEED IS A CENTRAL BANK UNION WHERE SILVER MINERS PUT A CERTAIN PERCENTAGE OF THEIR CASH IN THE BANK BUT THE BANK IS LIKE CEF, NO CASH, ONLY SILVER BULLION BARS WHICH WOULD BE ALLOCATED TO EACH MINER AS PER HIS AMOUNT DEPOSITED AND WITHDRAWABLE WHEN THE FUNDS ARE NEEDED. THINK ABOUT THIS. Claude, you are in as good a position as anyone to get these companies together in such a union. Please let me know if you are interested in doing this. I'm sure Jason Hommel would help you too. I can say one thing, if PAAS and Hecla show up at the Vancouver Gold show, I will publicly embarass them during the audience question session of a well known silver newsletter writer.