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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?


To: Louis V. Lambrecht who wrote (7356)4/30/2006 4:19:33 PM
From: Patrick Slevin  Read Replies (2) | Respond to of 8010
 
I intend to stay off the subject. Virtually all of my interest regarding any ETF on this board or anywhere was an effort to try to understand the manner in which the Trust worked.

I'm relieved to find the storage isn't under a pool table for example. Internet Chat Rooms do seem to be prone to ridiculous statements.

I've been fortunate in sticking with the Futures on Silver as well as Gold. Once I get an idea on how the market is working with respect to the ETF I'll go in or just stay off.

I noticed in an earlier post of yours, possibly on another thread, what the margins are in Silver. They are changing every few days. My Thursday Statement floored me.

Anyway I'd like that to be a topic downstream. Meanwhile the ownership of mining stocks in no way manages to beat ownership of the Future's Contract in terms of return on investment.

It would appear to me that the real Bull isn't in Mining firms it's the underlying.

Now a lot of people will yawn and say "of course it's the underlying" but the Gold and Silver Stocks aren't doing what the Metal is doing.

So I say, own the Futures Market, not the miners......



To: Louis V. Lambrecht who wrote (7356)4/30/2006 4:43:39 PM
From: aknahow  Read Replies (1) | Respond to of 8010
 
Louis help me out. Are you telling Pat that, "streettracks are the IAU "trust"?

Not sure because of the rest of your sentence which is also not clear to me.

Streettracksgoldshares.com and GLD are products of State Street Investors. GLD is not the IAU trust. The IAU ETF is a Barclay product and is part of the iShare line.

Perhaps you have really said this but like the oz. question you are leaving me confused.