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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Francois H. Gaston who wrote (7322)	2/6/1998 12:55:00 AM
From: PaulM	Read Replies (1) \| Respond to of 116762

Silver lease rates hit 65% today. A year ago, we were looking at 1-2%. And almost never more than 1% for the past 15 years. Gives an idea of how imbalanced the silver market was. Even long, long after the supply demand picture should have dictated otherwise. It seems metals derivatives markets allows suicide on a scale impossible if the metal itself was traded. Unlike most, I don't believe silver is anywhere near its top. This is the beginning of a long upward run unless govts step in and do something drastic. Much of the silver loaned was loaned by govts and cb's. Many of those loans will be defaulted on. I mention all this because the same will happen for gold.