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

To: Don S.Boller who wrote (334)	12/25/1997 10:12:00 AM
From: michael overland	Read Replies (1) \| Respond to of 8010

Regarding the following and silver prices, any comments anyone? Gold Mining Outlook by Steven Jon Kaplan Updated @ 2:25 p.m. EST, Wednesday, December 24, 1997. The traders' commitments for these three metals as of December 16, 1997, released at 3:30 p.m. on December 19, 1997 were all improved from two weeks earlier, in some cases markedly so. For COMEX silver futures, commercial insiders were long 12,720, short 68,586; speculators long 49,495, short 7,764. This means that the commitments for silver remain extremely bearish, though they have improved modestly compared with two weeks ago. Looking at NYMEX platinum futures, commercial insiders were long 7,941, short 6,642; with speculators long 2,197, short 5,298, which is significantly bullish for platinum, compared with moderately bullish two weeks ago, and an astonishing improvement from extremely bearish levels less than two months ago. For NYMEX palladium futures, commercial insiders were long 3,148, short 2,776; and speculators long 185, short 305. This is significantly bullish for palladium, compared with moderately bearish two weeks earlier, a sharp turnaround. These commitments strongly imply that investors in white metals should be accumulating platinum and palladium while selling silver, exactly the opposite of the current herd-following behavior.

To: Don S.Boller who wrote (334)	1/13/1998 10:17:00 PM
From: CuriousGeorge	Read Replies (2) \| Respond to of 8010

The lawsuit is most likely part of the POS manipulation. Don, in light of these post of yours, what do you think is happening? Message 2930506 Message 2930955 My theory is that speculators and traders knew that silver was vulnerable when the gold/silver ratio entered the 45 area; and many did possibly sell silver to buy gold. Silver is still tethered to gold (IMHO). I view silver as a long term investment as insurance against deflation/inflation, Y2k, dollar panic, and of course war. These zigs and zags are great entertainment in the meantime. I would appreciate your insights. Thanks, CG (maybe I just haven't heard the news)