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

To: Ray Hughes who wrote (1660)	2/5/1999 2:26:00 PM
From: Ron Struthers	Respond to of 8010

Hello Ray, do you think this rally will take out the highs of last January??, or another false start. Good comments on options, another play I like is to sell out of the money covered calls when you feel short term prices are peaking, especially if the premiums are increasing. I will forward my FAX# thanks

To: Ray Hughes who wrote (1660)	2/5/1999 10:10:00 PM
From: ForYourEyesOnly	Respond to of 8010

Thank you Master Ray! Wonderful information. Thank you for the fax offer. I will check the web for info on MetaStock prior to requesting a fax. I found one web site that offers settle vs. fair value for the silver options. pmpublishing.com The May $5.50 options look interesting......my general strategy has been based on buying time and not trying to look for short-term moves.....but I like the way silver is acting now..... "Trading options is a risk business so pro traders don't buy relatively riskless near-the-money options. " I guess I had it backwards! I thought that beginners (such as myself) were tempted to buy deep out of the money options, while the pros prefer closer to the money plays. Ahhh, much to learn, so little time (silver seems ready to move any day now). What is your take on the silver market action? Seems like the action is slanted towards the physical market......is it just possible that some smart players learned from the Hunt Bros' mistakes and are going straight to the physical? I've been reading "Beyond Greed"....and it seemed that at the height of the silver rage at that time, it was a big deal every time the Hunts took out 10M ounces.....WB took out 125M ounces!!!! Something tells me that this is far from over....what do you think? Many thanks! THC