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Having also been involved in futures since the late 70s I agree with Jack.
The more distant months traded above $50. As a matter of fact, one of my
clients sold short gold (one lonely contract) at $1000, even though nearby
traded at $800+. I forget exact prices and contract months. Those were the
good old days!
.
----- Original Message -----
From: "jack zaner" <jzaner@xxxxxxxxxxxx>
To: "Gary Fritz" <fritz@xxxxxxxx>; <omega-list@xxxxxxxxxx>
Sent: Tuesday, January 06, 2004 12:32 PM
Subject: Re: Silver Prices
> Having been involved with silver trading in the 70's and 80's, I can tell
> you that the 1980 high spot settlement for Comex silver was 48.70.
> Regards, Jack.
> ----- Original Message -----
> From: "Gary Fritz" <fritz@xxxxxxxx>
> To: <omega-list@xxxxxxxxxx>
> Sent: Tuesday, January 06, 2004 9:11 AM
> Subject: Re: Silver Prices
>
>
> > > I'm puzzled. I have been researching silver prices. I thought
> > > that Silver reached $50 an ounce back in 1980. But all the charts I
> > > find indicate only $25 at peak.
> >
> > Interesting. Some sources I looked at DID seem to indicate a
> > peak around $25. But
> > http://www.silverinstitute.org/price/hist_priceny.php and
> > http://www.silverinstitute.org/price/hist_priceuk.php show a 1980
> > peak just under $50 at COMEX and London.
> >
> > Gary
> >
>
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