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.

Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Bill Murphy who wrote (2663)	12/15/1998 8:12:00 PM
From: Alan Whirlwind	Read Replies (1) \| Respond to of 81023

"Investors in the junior gold and silver shares will make mini fortunes." Right now I'd settle for an itsy bitsy teeny weeny fortune. Thank you for your post--my browser doesn't let me access your site. Here's a number from Kaplan: "...COMEX silver warehouse stocks plunged 1,254,117 to 76,916,402 ounces..." For weeks the COMEX numbers have weekly slowly grown or at least remained unchanged. Today, however, they have dropped substantially. Go back a year or so and look at the warehouse totals then--twice where they are now. My opinion is when that number dips under 50 million silver will surge to the $7-$8 level. Anything can happen thereafter. Quite frankly I'm not sure why gold is where it is. The 200 million oz Busang doesn't exist, The Arizona Star 35 million oz Chile stash can't be profitably mined under $350 an oz, and we all know the Swiss peasantry aren't going to vote a big gold sell after they've been ridiculed and condemned by all the holier than thou's of the world--too independent to let that happen. Going to $390 or $400 only takes it back to where it was anyway. As for the juniors--barring bankruptcy, just take a gander at what their prices were pre-Bre-X/gold drop a couple years ago and you'll know where they would be if your scenario prevails. --Al

To: Bill Murphy who wrote (2663)	12/15/1998 10:30:00 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 81023

Bill: Interesting oil comments. I think the situation is somewhat more complicated than 1986. Oil is down because of several factors -- Asia recession as well as cheating by Iran and Venezuala. I do think we will soon see modest production cuts by OPEC and some non-OPEC producers sufficient to push the price up $13-!4. But I doubt if we will go higher than that for some considerable time absent very cold weather in early 1999. For all its problems, oil would be a lot lower today if OPEC did not exist. Too bad gold producers cannot get together to restict output.