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

To: Jim Ilchyshn who wrote (667)	2/8/1998 9:40:00 AM
From: Tommaso	Respond to of 8010

Butler expresses himself with more excitement than I find convincing, but he does seem correct. if you look at other articles of his listed at the end of the one you provided the URL for, there is more information, including this: "The Silver Institute reports total demand exceeding supply by 140 to 170 million troy ounces in 1996, while the CPM Group pegs the '96 deficit and resultant depletion of silver inventories at 199 million ounces. By the way, these deficit figures represent an astounding 25 to 40% of total supply in 1996, according to these services. The article also quotes the two services as to what the remaining stocks of silver the world possesses and when they can be expected to be fully exhausted (as in zero silver left in world inventories). The Silver Institute pegs total world silver stocks at 650 million ounces (and Goldfield's president is quoted as insisting that this is definitely not a "guesstimate"), while CPM lists the number at 450 million ounces. BARRON'S concludes that using the Silver Institute's figures the world will run out of silver completely in 4 years, while CPM's figures indicate 3 years. The article's conclusion is as long as people continue to sell from inventories, the price will only rise once those inventories are gone." If these figures ae more or less correct, not only has Buffet acquired 20% of current silver production with his 130,000,000 ounces, but he owns about the same percentage of all available silver (not counting what's tied up in jewelry, especially in India, I guess).

To: Jim Ilchyshn who wrote (667)	2/8/1998 11:30:00 AM
From: CuriousGeorge	Respond to of 8010

Gold - Silver Comparison the-privateer.com - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Silver (1000 OZ. CBOT) Trading Month: April, 1998 Additional Analysis - Long Term: The market is EXTREMELY BULLISH. Everything in this indicator is pointing to higher prices: the fast average is above the slow average; the fast average is on an upward slope from the previous bar; the slow average is on an upward slope from the previous bar; and price is above the fast average and the slow average. Additional Analysis - MACD The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. MACD is in bullish territory. However, the recent downturn in the MacdMA may indicate a short term decline within the next few bars. tfc-charts.w2d.com - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Where is George Soros when we need him??? CuriousGeorge is a genius too :() Message 2967553 Now if we can just get a little help from gold ....