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

To: Ray Hughes who wrote (1171)	5/20/1998 8:21:00 PM
From: Alan Whirlwind	Read Replies (1) \| Respond to of 8010

Shakespeare? Message 4070313

To: Ray Hughes who wrote (1171)	5/20/1998 11:23:00 PM
From: dwight vickers	Read Replies (1) \| Respond to of 8010

Ray, I think it would actually be over 2000 Dow points at todays levels. We started at 2200 something Dow the day of the crash. 4 times higher now. I wonder if CNBC will do another 7000 Dow Special when we break it again? You hit the nail on the head. The leveraged risks are enormous today. Think of all the derivatives that hadn't been hatched/exploited in 1987! The only sobering fact is that so far the powers that be have shown an ability to keep this on course. A comment on scrap. I'd bet that there was so much melted during the Hunt run up that hasn't been replaced, that there isn't as many silver tea sets as might be expected. I second what Mark said, by the way. Dwight