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To: Nihontochicken who wrote (9722)5/19/2008 5:09:04 PM
From: Gib Bogle  Read Replies (1) | Respond to of 50418
 
Dines:
Bullish on $Silver, "same as $Gold", first target $50/oz., then to $100

Barclays: siliconinvestor.com

As far as silver is concerned, the news is less than auspicious at the moment. Despite the incessant chants of imminent price explosions, alleged product shortages, and sinister suppression/manipulation coming from so-called silver gurus, Barclays Capital today gave a bit of a more realistic (if not all that bullish) assessment of the sate of poor man's gold. Mineweb reports:

" In their latest Commodity Investor report, Barclays Capital forecast a "tarnished outlook" for silver this year, asserting that "silver's fundamentals appear to be the weakest within the precious metals complex."

As the major earthquake in China's Sichuan Province renewed concern about base metals supply, Barclays' analysts said they felt power shortages and logistical difficulties posed a much greater risk to base metals production.