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


To: Bill Murphy who wrote (1560)1/12/1999 7:59:00 AM
From: David R. Schaller  Read Replies (1) | Respond to of 8010
 
Bill, WSJ yesterday in the Commodity section had a fairly optimistic overview of silver.

"Silver, After A Rough 1998, Shows Signs Of Perking Up"

Commented on silvers ability to stay off of the lows as opposed to gold & most base metals. COMEX levels at 76.9m oz, well below high of 110m. etc, etc.

Nothing new but it had a sense of the dark clouds parting.

Regards, Dave




To: Bill Murphy who wrote (1560)1/12/1999 8:20:00 AM
From: a. paisley  Read Replies (1) | Respond to of 8010
 
a key factor this year and currently told to me buy a coin dealer is bags of silver are not coming in and very tight coin supply according to a trade show last week at ORLANDA fla. People are buyying instead of usally selling of silver a 1month wait to get a one thousand face bag of silver plus dealers throw a dollar premium 5500 for a 1000 face value of coins SCOTTSDALE prices check this fact out . The dealers are saying Y2K will cause this panic and the FUSE is BURNING OUT OF CONTROL



To: Bill Murphy who wrote (1560)1/12/1999 11:00:00 AM
From: Claude Cormier  Read Replies (3) | Respond to of 8010
 
Hello Bill,

Well I really don't know if silver is ready to surge and will reach your target. I've never been good at predicting futur metal prices. But for sure the technicals are good, stronger than gold.

I prefer to watch stocks very closely and moving in when they appear undervalued.

BTW, your reco on ECU make sense. I prefer, by a lot, First Silver, but Eco had such a small market cap that at $0.20 it was hard to make an mistake buying it. If they can improve their reserves and production numbers, they will do extremely well with higher silver prices. Spoke with A. St-Michel, a few weeks ago...and he certainly has both feet on earth.

I sure hope Armstrong is wrong on silver... who know if he is right or wrong on London hidden silver inventories. I feel it doesn't make sense as silver prices would have made new lows last year, below the 1992-93 lows, like gold did, if it was through. But who knows, he has better contact than I do.

CC
Editor, The Goldbug's Comment.