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

To: Zardoz who wrote (3347)	2/8/1999 3:21:00 PM
From: Alan Whirlwind	Respond to of 81068

It is apparent that COMEX silver supplies are down sharply from 2 years ago. In the face of this drop, Armstrong has assailed silver as an investment at every turn even though his audience included long term investors who had decided to accummulate by dollar cost averaging. It is also apparent that to have listened to such negative talk in November and December and thus not have accummulated was to miss an opportunity at the lower end of the price range. I did not listen to the windbag and my Nov/Dec silver is in the black. Who needs to talk silver up? We all know where the price of a commodity being used up will necessarily go. If Armstrong can talk the metal down at this point 50 cents fine because I'm in position to buy more and am waiting for another opportunity. Upside potential here is so much greater than downside risk and the psychology on silver is changing. I don't believe Bill's prediction of $9+ silver by year's end is out of the ball park. As for so many questioning the motives of so many--quite a statement coming from you.