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Gold/Mining/Energy : Yamana Resources INC. T- YRI -- Ignore unavailable to you. Want to Upgrade?

To: kingfisher who wrote (1423)	7/21/1998 4:43:00 PM
From: Phil Cressman	Read Replies (1) \| Respond to of 2346

The writing seems to be on the wall indicating higher silver prices but timing a move is still difficult. Short of a full blown expose of the market control/manipulation or another Buffet stepping in it could be quite some time. Interest rates are sensitive and could well rise and India has it's own problems (India is still a large consumer of silver on an annual basis) and stops buying at prices higher than current. I guess we need some of the large silver producers to band together to play their own games with market hedgers. If the supply is indeed quickly becoming tight the producers could blow up the works and watch the price climb. Wonder what it will do for YRI who certainly is a long way from producing silver?