Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Alan Whirlwind who wrote (849)	3/8/1998 6:15:00 PM
From: Ming	Read Replies (2) \| Respond to of 8010

Would anyone like to address the INdian supply question? India has been by far one of the largest importers of precious metals in the entire world during the past few years, and recent news reports seem to indicate that many Indians are selling their silverware and using the proceeds to buy gold at what they believe are depressed prices. Wouldn't you think that this supply would eventually make it to world markets, with diverging effects for the 2 metals?(India has huge private hordes of silver reserves, the dumping of which might account for the recent correction in silver prices in the face of crumbling warehouse stockpiles) Gold and silver prices have done almost anything but move in tandem in the past 6 months; Gold sank to a 18 year low, whereas silver prices broke to multi-year highs on the upside. It seems that different supply/demand pictures govern the prices of the 2 metals. Given the sheer size and growth rate of India's imports in the past few years, I don't believe that it would be wise to discount any influences that they might have on the silver market in the short term. Regards, Ming