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

To: Tommaso who wrote (637)	2/6/1998 1:16:00 PM
From: Casey	Respond to of 8010

Tommasso: << 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 tunate to cover it right now.>> The news is full of statemens like these: "LONDON, Feb 4 (Reuters) - The London silver price fix was set at its highest level in nearly a decade on Wednesday prompting analysts to warn that physical demand for the precious metal is crumbling in the current volatile market and the rally may collapse." Either the author of this is short and wants to seed silver panic selling or else physical silver is coming from somewhere. It's got me confused. Would be nice for someone who understands the impact of these high lease rates to post an analysis.