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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?

To: Ed Pakstas who wrote (1253)	12/2/1997 4:53:00 PM
From: Jaakko	Respond to of 11676

<<whatever happened to the Hunt brothers???>> As I understand it, they were squeezing the silver shorters in 1980 and were about to corner the silver market. When the silver hit around $50 an ounze the commission members of the silver futures exchange (rumored to be short big time) closed the exchange. Hunts had been taking delivery of the PHYSICAL silver for a long time prior to this and in the final blow-off the shorters were faced with a situation were they couldn't get enough PHYSICAL silver to cover their positions at any price at all, so they closed the market for a while (and supposedly froze hunts positions). With the price coming down the Hunts pyramiding positions (and loans) had to get closed out at tremendous losses and ultimately they lost a big part of their silver if not all. The Hunts sued the commission and I believe the court case is still continuing. Silver being a disappearing metal, and the mine production falling short of the demand (and consumption???) one would wonder whether the total amount of above-ground silver is smaller than at Hunts' time. If so, then it would be conceivably easier for someone now to corner the silver market than in 1980. But will the commission members play fair game if it came to that?????