Forum Archive Index - March 2004

["Baa Baa" <baa_baa@hotmail.com>]

... since 1998 when Warren Buffet acquired 130 million ounces of Silver, and 
drove the price to $US7.50 (reportedly taking delivery of 90 million ounces, 
stashed outside the USA), the price of Silver has languished from its $US50 
high in 1979. This week, Silver in USD broached the 'Buffet high', closing 
at $US7.563. One has to go further back to 1987 to find a close above this 
level. At no time since 1982 has Silver displayed week-on-week gains of this 
magnitude.

Whatever gyrations remain ahead, those that were buying Silver metal for 
delivery in the 4.0 to 5.0 range, are presented with a classic 'sell 
strength' opportunity having profited rather nicely. Presently with one TA 
sign of doubt, being the weekly spike on declining volume, I for one am 
liquidating 33% of physical holdings, mainly high content coin, in 
anticipation that the remaining 66% is sufficient to ride higher should my 
sell be premature, or conversely, should weakness follow, my 33% will be 
vested into weakness in anticipation of further highs to come.

It's exciting to have holdings in something that appears intent on going 
moonwards.

Silver in $Kiwi ... http://finance.yahoo.com/q/bc?s=XAgNZD=X&t=2y&c=
and in $USD ... 
http://stockcharts.com/def/servlet/SC.web?c=$SILVER,uu[w,a]daclyyay[dc][pb5!c14][vc60][iut!Ld20!La12,26,9]&pref=G
and spot $USD ... 
http://focus.comdirect.co.uk/en/detail/_pages/charts/main.html?sSymbol=SLV.FX1

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