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


To: Ray Hughes who wrote (1863)5/27/1999 4:08:00 PM
From: Alan Whirlwind  Read Replies (1) | Respond to of 8010
 
Ray,

I've been buying lots of junk silver between $4.85 and $5.15. My suppliers were private so no tax and I paid an average of 5X face for the US junk and some Canadian silver dollars. 3 1/2 times face for the other Canadian stuff. And the US silver dollars I picked up were 9.75 each.

I averaged down on UKH at .17 Ca. on the ask, though I'm sure you could get some at .15 if you cared to wait for it. I bottom fished a few K of SILVZ, the Sunshine Mining warrants expiring in May of 2001 at 1.38. With SSC at 7/16 the stock itself is a steal, though I got my one K at 9/16. Anybody, put a bid in at 7/16 and it's yours in a day or two. The warrants are harder to get. Half of mine I picked up at 1/8. A bid at 5/32 would probably go through after a few days.

My gold hopes are in ZPA. A small, pretty much debtfree Mining Company with a great gold property in Ecuador with heavy silver credits in the proven ore. Has a pile of Ecuadorian Minerals shares in its treasury. Needs further drilling to prove up a viable mine. At .10 Canadian it's a steal considering its assets and very small debt. I also picked up a used metal detector from an acquaintance to find 1960's silver coins. I continue to pick up plate silver at yard sales where the weight is apparent and the price is small.

Anybody else out there? --Alan



To: Ray Hughes who wrote (1863)5/27/1999 4:25:00 PM
From: Ron Struthers  Respond to of 8010
 
Ray, your comments are so true, everyone was asking me about may silver report when silver hit $7, now nobody cares.

I bought the physical silver I wanted years back when silver was $3 and $4, unbelievable bargains. My favorite was Canadian proof sets, pre 1966 that I paid about $1 above melt. They are already up about 300% last check

A friend of mine just this week had some cash and asked me what to buy. I suggested a few silver stocks. I bought some more Avino recently.

I bought PAA calls several months back and caught a nice bounce. After this note I am going to have a look at the chart.

Yup is a good time to buy, Yamana, YRI was one of my picks, had a huge day this week on high grade silver intersects.

Any comments on YRI

Ron



To: Ray Hughes who wrote (1863)5/27/1999 9:53:00 PM
From: big guy  Read Replies (2) | Respond to of 8010
 
I start licking my chops whenever silver drops below 5 bucks Ray.
The y2k premium has really come off bag prices in the last month or so. To the tune of about a 1000 dollars a bag. In this no news environment people are beginning to question their action concerning Y2K. I'm hoping this dumping will drive bag prices below melt again.
The premium is also coming off of early US gold coinage for the same reason I presume.

Big Guy