Forum Archive Index - March 2004

["Woody" <solarmax@optusnet.com.au>]

There is a little caution in Silver being so high. Since 80% of silver is
used by the Photographic industry and since digital photography is making
serious inroads into the professional photographic industy, these high
prices will follow on down into the Cost of Film which could push many fence
sitting professionals over to the digital side, that could see a major drop
in the price of Silver.

Sorry for getting a little fundamental here.

Woody
----- Original Message -----
From: "Baa Baa" <baa_baa@hotmail.com>
To: <sharechat@sharechat.co.nz>
Sent: Sunday, March 21, 2004 9:41 AM
Subject: [sharechat] Silver 'Buffet High'


> ... 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.F
X1
>
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