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<p>[QUOTE=&quot;desertgem, post: 1117176, member: 15199&quot;]There were other differences also in the marketplace. Even telephone trading was very difficult. Very few people considered a need for PM as a portfolio sector and precious metal prices were futures and delivery based, mainly for industrial or jewelry use. The&nbsp; Hunt bros are often portrayed as total criminals, but IMO, they were small potatoes compared with some on wall street and bullion marketmakers today Their ingeniousplan was to corner the market, and was very legal (IMO) when they started. The common investor had no real way to invest in silver, except to buy and sell physical items such as coins, candlesticks, flatwear, etc. As Hunt&#039;s total contracts increased and their leverage became extreme, the exchange changed their margin and limits. Hunts couldn&#039;t provide or borrow enough to cover and were forced to sell their contracts into a plunging market.</p><p><br /></p><p>Today their contracts would be covered by entities that were not around then. Bullion suppliers to the public, ETFs such as SLV, etc. Internet trading of contracts is now worldwide, basically 24hs a day, and fluctuation of prices can occur overnight in Asia, and prices not realized until we awake and our exchanges open.</p><p><br /></p><p>I am not debating that silver may reach $50 this year, as it might, but instead the volitility and risk factors. Few analysts can do the depth that requires multi continents demand/supply studies to estimate the true &quot;basic value of silver&quot; without external factors such as fear, etc. </p><p><br /></p><p>To me it is not important to even guess the price of silver at the end of the year, as I expect to be in and out of that market several times by the end of December if I survive the market <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p>good luck.</p><p><br /></p><p>Jim</p><p><br /></p><p>p.s. As an interesting note, a decade or so, the Bass bros. bought a lot of land in Imperial county that used water from the Colorado river. Their intent was to fallow the land and sell the water. Even though this appeared legal then, laws and federal regulations were nudged to make this less feasible.&nbsp; Someday, maybe there will be a commodity fund for fresh water <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><a href="http://www.hcn.org/issues/269/14589/print_view" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.hcn.org/issues/269/14589/print_view" rel="nofollow">http://www.hcn.org/issues/269/14589/print_view</a>[/QUOTE]</p><p><br /></p>

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