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

To: Alan Whirlwind who wrote (280)	12/15/1997 11:53:00 AM
From: CuriousGeorge	Respond to of 8010

Things are heating up .... Yes, for bullion and stocks, but not yet for numismatics. These will need more time and the 'herd' to discover them

To: Alan Whirlwind who wrote (280)	12/15/1997 5:58:00 PM
From: David R. Schaller	Read Replies (2) \| Respond to of 8010

Alan, you may want to call around about the 40% half dollars. When silver was in the pits a month ago, I think you could buy bags in the US for $1,200. It seems that the dealers don't want the aggrevation & cost of storing them compared with regular silver coins. I personally like them. After all in the worst case (even if silver went to $1/oz) they would still be worth $.50 each. They may be harder to come by in Canada. You've peeked my interest though so maybe I'll call my dealer tomorrow & see whats going on. Regards, Dave

To: Alan Whirlwind who wrote (280)	12/16/1997 6:10:00 PM
From: Bo Bob Brain	Read Replies (3) \| Respond to of 8010

Gold and platinum close lower, silver rises. Earlier in the year we were looking at silver supplies of over 240 million tonnes in Comex warehouse stocks in N.Y. Down now to about 125 million tonnes. London exchanges have seen a similar draw down in their stockpiles of silver. Near the $6.00 per oz. level. If we move and open above $6.00 tomorrow, we could accelerate up even further toward $6.30 - $6.40. As good as it looks in silver, it looks that bad in gold and platinum. Would avoid those two markets, for now. Gold down $1.00 at $285.40. Platinum down $11.40 at $340.60, March silver up .06 at $5.9650. Weak buying in the crude oil market. Not many short positions possibly because of the API statistics. Last Tuesday we saw a 4 million barrel drawdown in crude oil stocks. That caught the market somewhat by surprise. Given this bullish figure, you might have seen short overing in the market. In the longer term, energy prices still look to be heading lower. We have large supplies, OPEC producing more this quarter. Iraq may be coming back for another food for oil deal. Weak seasonal timeframe, and all this points toward lower energy prices. Jan crude unchanged at $18.17. Stock market indicators pointing lower. Looking for where the next piece of good news will come from. It can come overnight from the Asian markets. Today the fed didn't move interest rates. Recent reports have been positive. As the saying goes " you need to feed a bull market most every day." Unless we get some good news overnight, this market could be heading down towards the 959-960 area in the March S&P. Todays high of 985.50 figures to stand as critical resistance.