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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Proud Deplorable who wrote (10388)5/3/2006 12:09:34 PM
From: loantech  Read Replies (1) | Respond to of 78419
 
Look at this sea of red:
Symbol Price $Chg
CAU 0.95 -0.03
CDE 6.16 -0.15
CKG 5.45 -0.07
CMM 1.43 -0.03
CS 1.94 -0.61
FR 6.30 -0.15
GPR 2.18 -0.09
IPT 1.68 -0.04
KGI 8.95 -0.07
NGX 4.52 -0.21
NSM 1.30 +0.02
PAT 1.05 -
QRL 0.465 -0.015
RMKL 0.20 -0.01
SDR 0.23 -0.02
SPM 1.38 -0.11
SWC 3.50 -0.05
WGDF 1.95 +0.33



To: Proud Deplorable who wrote (10388)5/3/2006 3:59:49 PM
From: aknahow  Read Replies (2) | Respond to of 78419
 
Jason Hommel is careless and wrong.

"the Trust could obtain about 100 million ounces of silver by Friday this week, and by next week, we might see a default on delivery of silver via NYMEX futures contracts! Silver moved up over $1/oz. on Friday, up again about $.50/oz. on Monday and up another $.20/oz. Tuesday."

How silly. As authorized participants deliver silver to obtain shares the premium declines to the point where it is no longer profitable to buy and deliver silver for shares. At some point shares can trade at a discount to silver and silver will be withdrawn in exchange for shares turned in.

Worse yet is that Hommel does not even wait for valid information from Barclays as to what was delivered on 5/1 and what was delivered on 5/2.