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To: Alex who wrote (11511)5/11/1998 3:16:00 PM
From: IngotWeTrust  Read Replies (2) | Respond to of 116832
 
ATTENTION ALL: Silver's 1st Surplus in 7yrs! Rising Output from mines and scrap refining together with slow demand from India has resulted in this situation. [Source: COMTEX Newswire 5/11/98]

Hmmmmm....Buffet sez nothings changed, and "analysts" claim something else... Guess who's "short" the silver market, folks? Yep, the analysts!

I was watching the actual SIK8 trade last night before the Comex opened this AM...it actually was UP 59c per contract when I retired last night. When I got up this AM, VOILA...down 17c from Friday's close.

Don't underestimate the big shorts in these 2 markets, goldbugs.



To: Alex who wrote (11511)5/11/1998 3:45:00 PM
From: Crimson Ghost  Respond to of 116832
 
Those remarks were not very positive. The Anglogold CEO said that no EU sales are planned in the near future, and that any later sales would not involve a substantial portion of their reserves.