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


To: Crimson Ghost who wrote (2803)12/22/1998 5:16:00 PM
From: J.E.Currie  Read Replies (1) | Respond to of 80976
 
Happiest of Holidays everyone

Not only is the post below a rumor, the poster does not have "test of time" credulity insofar as I'm
concerned. As with the W.B silver rumors, G.S. is in many ways the perfect catalyst to turn this
ship, and turn it he could. Additionally his recent need to recoup heavy losses and then give it
away is added incentive. Then again I could be the perfect conduit for increased book sales.


Date: Mon Dec 07 1998 13:15
BigFisherman (Unconfirmed Rumor) ID#258273:
Heard from a hacker that Soros is about to devour his own young. That is, body slam
the PM shorts. Makes sense to me. Seeking confirmation. Several cyber-libertarians
are currently trying to hack relevant email sources. Be back this evening. Gotta go.

WARNING: As in any recon effort take no action without confirmation.

As far as I'm concerned Kitco is going to the dogs (g). Although I may be wrong, from 12-7 until
now I can find not one post that further explores the above hypothesis, and even though a rumor,
it in itself has caused me much thought. In fact G. Soros book "Soros on Soros" page 315 on the
Quantum Group of Funds sums up the above "Our activities are trend bucking rather than trend
following. We try to catch new trends early ." This was testimony to the House of Representatives
Committee on Banking......., April 13, 1994. The discussion on Hedge Funds and Dynamic
Hedging.

Jec



To: Crimson Ghost who wrote (2803)12/23/1998 1:09:00 AM
From: ForYourEyesOnly  Read Replies (1) | Respond to of 80976
 
Another potential silver market?

Superconductivity... yet one more use for Silver..intially to the tune of perhaps 30 million ounces per annum. Hopefully, climbing from there.

Silver is a key component of superconductors soon to be used in several major electric power demonstrations, which could change the future of energy distribution throughout the world and require substantial quantities of silver in the coming years.

Superconductivity is a phenomenon first discovered in 1911 in which electricity flows without resistance through some materials if cooled to extremely cold temperatures. Ordinary conductors such as copper or aluminum present resistance to the flow of electric current, causing energy to be lost during transmission. Cables made with superconducting wires can carry three to five times more current than conventional copper wires.

Because superconductors transmit electricity without resistance, electrical equipment can be smaller, lighter and
more powerful, as well as more efficient. Applications are being developed and implemented in a wide array of
markets, including electric utility equipment, high-energy physics, diagnostic medical magnetic resonance
imaging, and electronics applications such as filters for cellular base stations.

Prior to 1986, all known superconductors were normally operated below -411oF, and thus are called
low-temperature superconductors ( LTS ) . Such low operating temperatures are difficult and expensive to create
and maintain, and therefore, have found limited and highly specialized applications. In 1986, researchers discovered certain ceramic oxide materials that superconduct at temperatures much higher than the conventional LTS.

Today, the most common method of making HTS wires begins by producing precursor powders, according to a U.S. Department of Energy ( DOE ) Report, published in July 1998, entitled gAt the Frontiers of Science:
Superconductivity and its Electric Power Applications.h The powders are loaded into a silver cylinder which is welded closed. The cylinder is drawn to wire, cut, stacked into a second cylinder, drawn to wire again, and rolled to form a multifilamentary tape. The powders are comprised of four to seven chemical elements which are subjected, between rolling steps, to a series of heat treatments. The temperature at which the material inside the cylinder becomes superconducting is known as the transition or critical temperature which vary depending on the material.

Agrrement to construct an HTS cable that will power several facilities owned b Southwire Company, the largest cable manufacturer in the United States. Intermagnetics General Corporation, a world leader in the development and manufacture of superconducting systems, will develop and manufacture the HTS material to be installed in the
12,500 volt, 1,250-ampere HTS electric cable.

All practical methods for manufacturing HTS wires use silver as a sheath for several reasons. First, silver is highly ductile and can be shaped around the superconducting material which is as brittle as blown glass. As a noble metal, silver does not react with the superconductor, and silver is permeable to oxygen and highly conductive.

Although silver is an expensive material to use as a sheath, gnobody has found a suitable substitute for this type of HTS superconductor,h said Carl Rosner, chairman and CEO of Intermagnetics. gSo far, silver is the only material that prevents deterioration of the superconducting properties.h

Rosner explained that HTS wire is still in the development stage, and said that to make the technology commercially viable, costs must be greduced by a factor of five or ten.h The expense of silver is always a target, he explained, but costs also can be cut in the fabrication process and other superconducting component materials.

gRight now we're obviously just involved in building this one test line,h Rosner said. Hypothetically speaking, once the test is successful, he said gand if we were to replace the transmission line grid in the United States with this technology, it would require enormous quantities of silver — possibly as much as 1000 kilograms per mile.h

In addition to the Intermagnetics project, DOE also is expected to fund five additional demonstrations this year through its Superconductivity Partnership Initiative. Two of the projects would focus on building HTS
transformers, while another would build a 120-meter cable system to be installed in the existing power network of Detroit Edison company. A fourth project would develop a reciprocating magnetic separator and a fifth would design a flywheel energy storage system based on existing HTS bearing technology. Altogether, the projects could receive up to $47 million from DOE with industry partners contributing at least 50 percent of total project costs.

DOE's superconductivity initiative is part of the agency's plan for the United States to regain a major share of the global market for electric power systems by 2010. Through the increased use of HTS devices, DOE officials hope to boost domestic productivity and efficiency, especially in industries that are large users of electricity. The global HTS industry is composed of about 50 companies acting as suppliers of raw materials and developers/producers of wires, tapes and components, according to a recent study by Business Communications
Company, Inc. The United States is now the leading testing and application developer of these materials.

gWe are preparing for a profound change in the way electricity is generated, delivered and used,h says Jim Daley, manager of DOE's superconductivity program for electric power systems.

Applications incorporating HTS technology are poised to explode into the market over the next 10 years impacting electronics, transportation, medicine and many other industries as well, the DOE report says. Industry
experts project that the entire market for superconductor products and services could reach $200 billion by 2020. For silver, that could mean more than 30 million ounces annually in the early stages, with significant growth potential as the industry matures.

gBecause the demand for electricity is expected to double by the year 2030, the introduction of superconductors into everyday use is critical to meeting those future demands,h Daley said.

The DOE report compares superconductivity to fiber optics which revolutionized the communications industry, and also to transistors without which digital watches and personal computers would not exist. gThe capacity of these discoveries to transform our world far surpassed any applications we could have dreamed of,h the report says. gSuperconductivity too, will surely continue to fuel our imaginations.h