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

To: TrueScouse who wrote (7408)	5/2/2006 5:06:41 PM
From: aknahow	Read Replies (1) \| Respond to of 8010

Today, May 2, Barclay's has updated it's web site. Yes the date was updated to May 1. NONE OF THE OTHER DATA WAS UPDATED! Just the date. Readers of past post know that I defended the concept of SLV and applauded the SEC for approving the prospectus. Now at this point I am not 100% confident that even the 21,000,000 oz. figure, for 28 April, is correct. Barclay's still calls this a web problem but if you call them you will not be able to get someone to give you either the oz. held yesterday nor the correct NAV. No not for today's activity but as of the close of business for May 1. Oh and the premium? They did change this!!!! How by keeping the NAV the same and taking the new London fix. (Apparently) The NAV is the same as shown yesterday and the premium is now a larger percentage. Anyone care? I care, because of the implications for the price of silver. The launch was a most important event and now to be deprived of the facts that would allow one to understand the impact is unacceptable.

To: TrueScouse who wrote (7408)	5/2/2006 5:52:46 PM
From: Louis V. Lambrecht	Respond to of 8010

Took a nap, clearer now. <g> London CPM group might have an idea of what came to or left the market. Ounces at a trust do not "leave" the market, they are in the market in the form of shares, what the whole exercise of creating the trust is about, as I understand it. As I understand it, the trust fills a marketing niche, an opening between futures, wholesale, coin dealers and silver-money. I can't say either that the 30 mio oz, at the Comex so far may dated May 2nd) representing 6035 contracts stopped are "leaving the market". We don't even know if this was physical delivery, or any other settlement the exchange allows. Or how much of those assignations will end up in the vaults of Barclay's custodian. What I would say, in the event SLV would control 100 mio oz, is that SLV took a market share of x%, Comex lost y% and wholedsale lost z% to SLV, total market attracted n% new customers. Fwiw, market supply amounted to 791 mio oz, according to CPM Group.