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To: Abner Hosmer who wrote (5784)	1/13/1998 7:17:00 PM
From: Abner Hosmer	Respond to of 116762

''Silver broke down on all sorts of talk about legal action against alleged manipulators of the silver market,'' said Dinsa Mehta, Chase Manhattan Bank's managing director for global commodities. ''But it's difficult to separate fact from fiction,'' Mehta added. ''To file suit you have to be able to prove damages, and you can't prove damage just because the market went against your position,'' he said. ''I was asked by a group of people planning a class action suit to be an expert witness, but I declined to become involved,'' Martin Armstrong, director of Princeton Economics Institute, told Reuters. ''I told them I agreed something was going on in the silver market, and that the market has known about it for months,'' Armstrong said. ''You can't hide an elephant under a rock.'' biz.yahoo.com

To: Abner Hosmer who wrote (5784)	1/13/1998 7:18:00 PM
From: Abner Hosmer	Read Replies (1) \| Respond to of 116762

"Dealers said the price seems to have paused for the time-being with many investors sensing the market must be at or around its low-point. On the metals markets, in late trading on New York's Comex, a 100- troy-ounce gold futures contract for January delivery jumped by $5 to $283.30 an ounce. Republic Bank said the cash price for gold rose by $4.30 to $282.40 an ounce." biz.yahoo.com