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

To: Todd J. who wrote (288)	12/16/1997 3:48:00 PM
From: TD	Respond to of 8010

Todd, Agree, Agree, Agree... There is some discussion of the subject on the gold thread, since I use the Dines theory that all precious metals eventually move the same direction, seeing it discussed on the gold thread to me implied it also applies to silver. What I really like is the fact that there is about as much above ground silver as gold and that the leverage is so high with ag, no banks really own much silver anymore. Thanks again and if you get the cpm or the silver institute report for 98 please post that fact to me.

To: Todd J. who wrote (288)	12/16/1997 7:14:00 PM
From: Bill Ounce	Read Replies (1) \| Respond to of 8010

re: Y2K simplified My experience is that if I share stories from North's site, no one will take me seriously. There are alot of rumors and hype among the "documentation". I have had better success in getting people to take this issue seriously by focusing on a couple areas that are easier to understand and thus more difficult to discount. Two key areas: * International banking will have severe problems when compliant USA banks want to make transactions with non-compliant foreign banks. We live in a global economy with international banking transactions supporting trading. Shutdown of the money flow will make today's Asia crisis look insignificant. * The USA government isn't going to make it on time. The IRS situation is hopeless, and general Treasury Department compliance is not at all guaranteed. Other governments are in the same boat. So the dollar is more likely to devalue against commodities rather than international currencies. You can "prove" Y2K is a big deal by just focusing on these two points; even if everything else is pure hype. The above two areas should generate at least a big market crash. Lost market efficiencies could push the price of commodities way up as well. No one knows the timing of the trigger event. My guess is mid 1999.

To: Todd J. who wrote (288)	12/16/1997 8:23:00 PM
From: Mark Bartlett	Respond to of 8010

Todd, <,Yet not one person has attributed it (even partly)to Y2K.>> I appreciate that the Y2K problem may have some pretty serious affects ... but IMO what is happening with silver at the moment, is simply a fundamental supply vs. demand issue ... i.e., there ain't enough to go around - or soon that will be the case. I follow the Y2K issue somewhat .... Claude Cormier made many of his newsletter readers aware of this issue _months ago, and advised us to follow the issue - which I am. I have not got the book by Ed Yourdon "Bombshell 2000" I beleive is the name ... but I am going to soon. See: year2000.com COMEX Ag stocks dropped 3 million oz today - to set a new 12.5 year low. Interesting times ahead, MB