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

To: Albert V who wrote (910)	3/16/1998 8:57:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 8010

<<Claude or anyone, What are the latest amounts of silver in the comex warehouses? >> Near 90M ounces I believe.

To: Albert V who wrote (910)	3/16/1998 9:17:00 PM
From: Mark Bartlett	Respond to of 8010

Alber<<Any guestemates on how much is in the London warehouses?>> About 90 million @ COMEX.... BTW do not assume that all of the Ag in London warehouses is deliverable ... I could be wrong, but I do not believe that is the case. There are likely millions of ozs there that are spoken for .... they may not be sold until much higher prices are reached. MB

To: Albert V who wrote (910)	3/16/1998 9:28:00 PM
From: TD	Read Replies (2) \| Respond to of 8010

!. About 90 Million ounces 2. 200m deficit/12 months year = 16.6M ounces per month. It is interesting to note that most comes from the smelters not the Comex exchanges. 3. London according to CPM survey 1998 "European stocks may total 150.0 million ounces by lthe end of February" They are referring to 1998. Right now there is approx. 600M ounces known with athe annual deficit of 200M so that is about three years worth until we run out. Of course this will not happen but this math exercise does provide us with a trend. CPM is looking for a) $6.50 average 1998 b) $8.00 Feb 1999 c) $11.25 Dec 1999 CPM is usually on the conservative side, if fear / panic take hold due to Y2K or stock meltdown or currency crisis then the price may be higher than shown. If your time frame is less than six months then perhaps you should look to something else if you have the stomach to hold through all the ups and downs until the public starts buying silver again because they think their bank accounts are at risk because of the Millennium bug, then it could get real interesting. TD