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

To: Gerald Walls who wrote (583)	2/5/1998 5:29:00 PM
From: Casey	Respond to of 8010

Gerald: <<Silver lease rate today was 75%.>> thanks for the url. This rate is incredible (I presume it is 75% per annum?). It seems to support the suppositions of the 800 lb Gorilla.

To: Gerald Walls who wrote (583)	2/5/1998 5:42:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 8010

Jeez I knew they had got high but not that high. These are crisis rates. I wonder if that means you have to hand the stuff over physically, though. I might not be willing to do that. it must mean a terrific short squeeze with shorts willing to pay such rates in desperation to forestall immediate bankruptcy. Or am i right?

To: Gerald Walls who wrote (583)	2/6/1998 12:59:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 8010

For link to silver lease rates see the message to which this is a response. If you check the historical rates, they were below 10% only at then end of January and below 1% last May. I am surprised that the spot price for silver is not even stronger given these rates. I wonder where people who must make deliveries think they are going to get the silver. Anyone with a short position outstanding is --it seems to me-- at terrible risk and would be fortunate to cover it right now.