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


To: Judy who wrote (367)1/7/1998 1:27:00 AM
From: GlobalMarine  Read Replies (2) | Respond to of 8010
 
To all: Anyone follow Marty Armstrong, the economist? He's been bearish on silver for a long time. He calls it the commodity from hell and that the market is being manipulated in an elaborate hide-and-seek shell game to make it appear as though warehouse stores are diminishing. He did say that if silver closed the year beyond $5.41, that it may be an interesting long, but he also says that the long-term primary demand component to silver - photographic demand - has been compromised by digital photography.

I don't know if he's right on this, but looking at a long-term silver chart, it does kinda look like rallies are swift and violent ollowed by parachute drops back down. Any comments would be appreciated.

Rand