Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ForYourEyesOnly who wrote (1361)	11/3/1998 8:20:00 AM
From: lorne	Respond to of 8010

Washington--Nov 3--The use of silver by the photographic industry worldwide is projected to increase 10% over the next 5 years for photographic applications ranging from amateur snapshots to medical X-rays and motion pictures, according to a new report published today in the Silver Institute's Silver News. Total consumption of silver for photographic use is expected to rise from 232 million ounces in 1997 to 255 million ounces by 2002. Bridge News, Story .18010

To: ForYourEyesOnly who wrote (1361)	11/3/1998 1:24:00 PM
From: Ray Hughes	Read Replies (3) \| Respond to of 8010

THC: When I was a Metals Securities Analyst I found the daily United Kingdom reports on sales of Sovereigns (gold coins) to be a strong leading indicator of the direction of gold's price. In similar fashion sales of silver coins, perhaps those reported for the Eagle and the Maple Leaf, will provide a leading indicator. Another valuable indicator can be had from the Commitments of Traders reports from the CFTC. Commercials are seldom wrong. currently (23 October) they are 30.6% more short than long gold (123,504 contracts short vs 94,588 contracts long). In silver, commercials are 267.4% short vs their long position. Tracking changes in commercials' net short/long positions is very useful as a price change predictor. CFTC reports are available through cftc.gov. RH