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There was this article too recently, titled 'Reduced silver stockpiles could
boost price':
http://biz.yahoo.com/rf/011001/n01257341_1.html
I am not an expert on precious metals but I wouldn't be surprised if the
prices are frequently manipulated for the benefit of those with deep
pockets. In the long term, prices of course follow the fundamentals but in
the short term anything is possible. It is also worth noting that shares of
Pan American silver (PAAS) recently broke out to 1 year high on huge volume
and are currently in a pullback.
Just my 2 'silver' cents worth.
Shashi
PS: 1. Any mention of stocks is for illustration purposes and not a
recommendation to buy or sell!!!
2. I am currently long PAAS.
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Date: Tue, 16 Oct 2001 08:11:38 -0700
From: "Steve Karnish" <kernish@xxxxxxxxxxxx>
Subject: as much as I hate the "funny mentals"...
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List,
Hate to bring up fundamental rumors (but, the list now features daily =
superficial tidbits). If anyone has a position in silver, you might =
want to follow the bouncing ball:
http://www.butlerresearch.com/comex.html
Where are the Hunts when we need them?
Steve Karnish, CTA
Cedar Creek Trading
http://www.cedarcreektrading.com
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