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: Casey who wrote (964)	3/31/1998 8:18:00 PM
From: Tommaso	Read Replies (2) \| Respond to of 8010

It doesn't much seem to matter whether he thinks it's too high or too low. What matters is he thinks it's wrong. The only way he can lose is if it isn't exactly at $6.00. Now let's place bets on the average temperature for December, 1998, in Oshkosh. I bet you anything that it will not average out to 28.5 degrees fahrenheit. Meanwhile, maybe someone else has something more interesting to say. My own guess is that the people who for years have been making money bidding silver down on the futures market are going to be badly hurt over the next eighteen months as the supplies of silver for delivery on futures contracts continue to be depleted. The price has not risen enough to prompt crash programs by mining companies to bring mothballed mines back online, and when the demand hits the inelastic reality of available supply there could be a really violent short squeeze. The silver market is something like the inverse of the current market in U.S. equities.