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


To: chevalier who wrote (251)12/11/1997 3:03:00 PM
From: Tommaso  Read Replies (1) | Respond to of 8010
 
Can you post the URL for the article?

The rise so far doesn't seem all that unusual to me, although welcome, since I own silver. I also think that the horrible example of the Hunt brothers would preclude another attempt in this generation. They literally lost billions of dollars and when it became clear what they were attempting the rules were changed--as no doubt I need not repeat.

To me, it appears that just possibly what silver bulls have been predicting year in and year out has occurred--that there's not enough around to meet genuine demand of legitimate businesses that really use the stuff. Heavy speculative buying in itself need not suggest an attempt at a corner--and I think governments now just won't stand for that sort of manipulation anyway.

As for me, I'd be quite happy with a run up to $10-$12 a share that sent my PAASF stock up to about $25-30 a share. I think I'd say "great!" and get out. Maybe take some out sooner. Let others have what's left of any silver bull.

But then it may not go anywhere at all.