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

To: Bill Murphy who wrote (3566)	2/20/1999 5:50:00 AM
From: ForYourEyesOnly	Read Replies (1) \| Respond to of 81822

Pt & Silver Squeezes Thanks for the advice! I really appreciate your help. You were certainly right about Pd & to buy back my position. I was too shaken by the violence of the move, but if I had listened to you it would have been an exceptional trade. But if the market in Pd & Pt continues to be supported by the lack of Russian selling, we could have something explosive on our hands. I just looked at the Pt inventory levels.......and I thought silver was tight! Pt annual consumption: 5M oz Nymex inventory: 800 contracts x 100 oz = 80,000 oz. Nymex inventory as percent of world consumption: 1.6% Silver annual consumption: 800M oz Comex inventory: 76M oz Comex inventory as percent of world consumption: 9.5% Silver is tight, but Pt is so tight that any additional demand or a lack of Russian shipments (which is highly likely) could put this one out of the park......$500 Pt seems quite realistic. I think you are right.....first make cash in Silver & Pt and then pile into gold if gold is still dormant or just waking up. This is going to be a good year for us!!!! Cheers Bill! THC