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

To: orkrious who wrote (37205)	9/15/2005 1:27:06 PM
From: regli	Read Replies (1) \| Respond to of 116555

Interesting post sourced from Platts at Kitco by Heavy Metal Sunshine Might indicate that silver is in too short supply to allow an ETF. Butler again might have been right. London ( Platts ) --15Sep2005 The US Securities and Exchange Commission has turned down Barclay's Global Investors application to establish a silver electronic trading fund platform, sources in the market told Platts Thursday. Barclays already have an ETF for gold. A well-respected industry source said Thursday that there was "speculation in the market that Barclay's application for a silver ETF has been refused by the SEC." A second source told Platts that Barclays had filed the application with the SEC a couple of weeks ago. "I would be very surprised if it had been approved, another UK-based market source, unwilling to elaborate on his statement.