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

To: ForYourEyesOnly who wrote (1259)	8/1/1998 2:39:00 PM
From: paul ross	Respond to of 8010

From USA Gold's "News & Views" Newsletter: A COUPLE NOTABLE QUOTES: "CPM Group has received reports of one of the most bizarre efforts to create bearish sentiment in the silver market in recent memory. A trading company, which we have not been able to identify, reportedly secured several million ounces of old silver refined more than 50 years ago by the Royal Indian Mint (prior to independence in the late 1940s). The metal was reportedly bought from some entity outside India. This trading company reportedly shipped the metal into Dubai, the traditional entre for the Indian market, and then began calling bullion banks to see if they wanted to buy the metal. The main purpose of the exercise was to create the impression that silver was coming out of India. As CPM Group clients are aware from past alerts, silver exports are illegal in India, and, since dealers receive a premium over international prices for silver in India, any silver sold within India tends to remain in the country to be resold within India." ---------Jeffrey Christian's CPM Group as quoted in the Gold Newsletter (June 1998)