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

To: ForYourEyesOnly who wrote (1153)	5/19/1998 1:00:00 PM
From: Ray Hughes	Read Replies (2) \| Respond to of 8010

Hello, In a word - yes. Yes to several points: 1. Silver ratio of short position/inventory is grossly out of line with other commodities. 2. In 1967 the Treasurer of one of the world's largest silver consumers told me (then a fledgling Securities Analyst) that, in the event of a major shortage, they would have the U.S. Army enter our homes and confiscate any silver!!! Truth. 3. There is a way to project how much silver is shorted by amateurs who will panic when margin call is presented and, in so doing, drive silver price way up. Pros may, on the other hand, cover in a timely fashion. Amateur short position/inventory is still huge number. 4. Fed regulators will likely step into the arena when the short squeeze commences and attempt to keep the lid on silver's price. Detailed answers to your questions 1 - 4 would take considerable time that I must, for the moment, devote to my clients. More later. RH