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


To: Albert V who wrote (1066)5/5/1998 9:42:00 PM
From: Casey  Respond to of 8010
 
Albert:

<<Venerosa seems to think that more silver was brought
out into the market by people lending out silver.
This is why the price has been soft recently.
Any ideas on when we will see a price move?
When will tightness begin to be felt by the market?
Anyone can anyone estimate how many ounces are
left in silver stores? >>

Venerosa will be talking at the Montreal Energy and Resourse Investment conference today and tomorrow. I'll be attending and will post anything I learn.



To: Albert V who wrote (1066)5/5/1998 9:43:00 PM
From: Mark Bartlett  Respond to of 8010
 
Albert,

Tough to say. According to the people "in the know" '98 will be another deficit year and silver inventories are low - personally I'm betting on a minimum of 7-8 dollar silver this year .... likely by late summer. That's my best guess.

MB