away...to fire up the generator

Éßraybandude

Argent -

I agree that silver has big potential in the current market. Could be that the fundamentals are finally taking hold. A decade of supply deficits have created a possible silver shortage over the next couple years. Actually I don't worry too much about down silver. I think it might stay around $6 for a couple years. A spike to $10 and higher is not an irresponsible expectation. There is no way to quantify the amount of silver that would come into the market from current hoarders, and at what point they will sell. There is muchu silver worldwide to be had, but at what price?

As for industrial base, one out of five products you come in contact with everyday has platinum in its history: fiber optics, lasers, laptop computer screens, polyesters, Styrofoam, plastics, paints, jet fuel, pharmaceuticals, anti-cancer drugs, pacemakers, fine jewelry, explosives, light and oxygen sensors, electric fuel cells, unleaded gasoline, pollution control devices for autos and industry, all rely on platinum. I think platinum has the same ( or better ) potential as silver, albeit with lesser risk.

There is one consideration that has not been mentioned. Actual amounts of platinum used on a per product basis are minute - excepting jewelry which is all platinum. Double the price of platinum and you will add about $80 to the price of a $20,000 car. Double the price of silver, and the effects would be more strongly reflected in the end product. This per product cost effect of platinum insures that price will not play as significant a role in lowered demand as silvers prices would.

Helpful guy -

7s go !POP! out the frame and the UV bores into my corneas. Must have 9 base, for that wrap around, aerodynamic look. Me go zoom way fast on foot wheels.

Away………… tolookwindswept

Re: Back to the hard stuff…………. Grindin' or Drinkin'?

away...to do the hard stuff

ÉßÉZ

Sold at 302. Next week will tell................

Away - Tofindsomebodywhowillgrinda9baselensformyballaramas

Opti-Lingo

away...to the X-files

Éß

Robnoel -

Pick any time that gold and platinum were very close in price - say……. under $20. Buy platinum, sell gold………… Wait……………. You will make money.

Promethius -

Glad you liked the flick. I have been meaning to add my compliments to some of your recent posts. You are a very human and humane voice for this forum. These pages are the better for it.

Plaintalker -

Platinum is traded on NYMEX.

There are no stockpiles.

End of report.

OK

Argent,

I agree that silver has great potential, but I would hesitate to agree with the numbers you put forth. Count the number of times silver has been over even $8 ( about 30% higher than present prices ) , and the length of time it remained that high. Now count the number of times that platinum has risen over $520 ( again, about 30% ) and stayed there.

At 6.35, silver is OVER its average high of the last dozen years, while platinum is $90 BELOW its average high. Further, average yearly price moves for platinum are uniformly higher than silver. These charts have a somewhat different focus, as most of my silver trades are very short term. Platinum trades tend to be held longer, so I did not include average monthly moves.

Please, lets not bring 1979 - 1980 into the picture as that was an aberration and unlikely to happen again, besides, you don't trade the market looking for the jackpot, you trade the range - wherever the range may be.

That platinum is so volatile and has spent so much time above $500 is a surprise to many. Platinum is the quiet metal. No headlines were made when platinum spiked $120 last June, but let gold rise 20 bucks and the WSJ will put it on the front page. People tend not to trade platinum, because they don't know enough about it. Platinum is a more purely supply/demand driven metal, and far less susceptible to daily manipulations - quite apart from gold and silver, which only a true innocent would argue are not massively manipulated.

It looks as though the numbers support platinum over silver, although I trade both quite heavily, silver, at these levels has a ton of down to it, while platinum has substantially less downside.

I'm buying platinum…………….

OK

http://www.eaglewing.com

away...to Sawgrass

Éß

go plat!

Barney's veteran technical analyst, Alan Shaw, says that if the market continues to track the way it has, the industrial average will hit

20,000 by the years 2002-2003. That's 10 times the level it was at only a decade ago and would make a lot of fully invested aging

boomers very, very wealthy.

Why would I think this is mania?

EJ wrote @ Sat Mar 28 1998 ( As gold goes up, Platinum goes down ) ID#45173:

I get a lot of precious metal dealers trying to convince me that Platinum is the precious metal investment for the next decade at the same time they're saying gold is a the best hedge investment against an economic/political downturn. This doesn't make sense to me. Platinum is an industrial metal. If things go wrong, gold will go up in value while demand for all products, including those that contain platinum, will decrease, lowering the price of platinum. Anyone disagree with my logic?

EJ -

I have been waiting for some time for this question to be asked. Many here know me as rabidly bullish on platinum. Average volatility is about $130 per year in platinum, so there is lots-o-room to trade for profits. Platinum demand is rising at a pace that is outstripping mine production, and the end game will be played with much higher prices.

As an industrial metal, an investment in platinum is as much a bet on continued economic health, as a play in the precious metals. On the surface, one would think that as economies worsened, demand would decrease, and value would fall. We all learned this in economics 101, yes? Platinum defies the standard supply demand picture in a couple of important points.

First, there is simply no substitute for PGMs for many applications and, as auto catalysts, unleaded gasoline, and industrial smokestack emissions, PGM use is mandated by law. There are no laws that force you to own gold or silver, but if you buy a car, or use unleaded gasoline ( PGMs are used as a catalyst to remove lead from gasoline before it ever goes into your car, to then be further processed thought your PGM catalytic converter on the way out ) , you are required to own PGMs. This legal mandate places a floor on PGM use. As each year passes more countries are adding the requirement for auto catalysts, and countries with existing requirements are tightening standards. This offers very powerful support for PGMs.

Your assertion that as economies unwind, and industrial use declines, the price for an industrial metal will fall, is a good one, but does not seem to be the case with PGMs. Rather, when economic uncertainties arise and gold responds by moving higher, platinum gets a kick in the butt and a free ride on gold for awhile. If you look at the history of platinum, you will always find it moving faster and higher than gold as gold rises. For every $50 rise in gold. You will see a $100 or more rise in platinum. This free ride effect is short lived, but will still offer several months lead time to exit any platinum position you may have.

It would seem that platinum offers the best of all worlds. As gold is sick and bedridden, platinum is the obvious choice for profits or long term holding. As gold rises, platinum will rise short term before the fundamentals of use and supply come into play. I invite you to look at an overlay of platinum to gold prices. Only rarely has gold risen above platinum and then only for a very short time. In fact, in a market where sure things are the stuff of dementia, a platinum/gold spread trade when the metals are near parity is a lock. You will always make money on this trade.

Even with much slower world economic growth, PGM use is increasing and will continue to increase. History has proven that platinum is far superior to gold for profits and protection. True, you may not be able to barter bread for platinum, but when it comes down to this, any gun will take all the gold you hold, unless you are also holding more guns that your foes. So the true currency of a crisis is bullets. Lead is cheap, and all the alchemy in the universe will not make your golden bullets more effective than the lead ones.

Everybody here knows that I am a metals trader and who I work for. You also know I trade both sides of the market, so I don't care which direction it chooses, as long as I am on the right side of the move. There is no agenda here to load up the world with platinum. Most of you already own gold, much of which was purchased at much higher prices. Instead of buying more gold to add with the rest, why not diversify within the metals and add platinum?

Platinum will outperform gold and silver in 1998. Count on it, yes?

OK

mentioned that she was watching gold and silver prices. The masses are becoming aware.