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Wednesday, 05/17/2006 3:12:19 AM

Wednesday, May 17, 2006 3:12:19 AM

Post# of 36481
Word on the street is the $ILVER (SILVER) ETF doesn't need to add any bullion or create new shares if their holdings exceed $1 billion... and guess what, at $ILVER $14.50... just another 60 or so cents to the upside from the current spot price as of this posting, and the holdings of 68.9932 million ounces of $ILVER will indeed exceed $1 billion in value!...

I guess I'll have to get more details of this $1B worth as this could somehow impact the physical $ILVER market and in a big way...

Also why would this type of safety valve be placed on this ETF...

Things to think about as we head towards the end of the week and month...


HI-HO SILVER !!!