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Gold/Mining/Energy : SSRIF Silver Standard Resources -- Ignore unavailable to you. Want to Upgrade?

To: posthumousone who wrote (105)	11/30/1997 8:54:00 PM
From: philv	Read Replies (1) \| Respond to of 403

Gary: I got interested in silver a couple of years ago, having read of the wide gap between demand and production and the dwindling supply, and made an investment in this Co. at that time, and am still holding my initial investment. Could have/should have sold & bought many times for a profit, but I have been surprised by the volativity lately, and the stock is down now from my initial purchase. I have always viewed this as a longer term investment, and still do. 250 million ounces of silver - over $1 billion at todays depressed prices from a small mining Co. with only about 15,000 shs. issued. I am prepared to wait for the supply crunch to tighten, which it is judging by every report I have read. The big write-off is a disappointment, a one shot affair. Hoping the POS goes up, and when it does, the stock will follow (as it has in the past). Silver is showing independent strength from gold, and many analysts say it is a better investment at this time. (self-evident) But I am worried that gold will yet drag it down in this period of extreme pessimism in the precious metals market. I am holding. Some of my thoughts. Regards Phil