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Gold/Mining/Energy : SSRIF Silver Standard Resources -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (130)	1/7/1998 11:03:00 PM
From: Douglas Freeman	Read Replies (1) \| Respond to of 403

What is driving the market is the comex supply situation. Look at charts if you want, but as long as mines are being closed & people are taking pictures, the supply/demand picture is only going to get more bullish. If someone thinks they know where the supply will come from I want to hear it. Otherwise, buying silver is a no-brainer. My only concern is the same funds that are driving the price higher could just as easily dump, but it would only be a correction to a higher low. Silver has to go quite a bit higher before mining companies get excited; many mines aren't economic until we get solidly over $7. I've looked at both this and PAASF, starting in 1/97, and I agree that PAASF is a better company, but you're paying more for it too. I put my money here, but it's basically apples & apples. There is understandable disappointment over not making their reserves goal, but I'm sure silver properties got a little more expensive toward the end of the year. We'll see if they can give us some good news this quarter. In the meantime, as long as they have 168 mil oz of reserves, the stock will move with a rise in silver. ID