Replies to post #13834 on Mostly: Classical

[Frank Pembleton]

Latest Grandich gold comment

http://www.grandich.com/docs/cbs_marketwatch_08-09-05.pdf

[amarksp]

Sold SLW at US$4.01

Thanks for your comments... This news made me think twice about retaining SLW:

"London (Platts)--15Sep2005
The US Securities and Exchange Commission has turned down Barclay's Global Investors application to establish a silver electronic trading fund platform, sources in the market told Platts Thursday. Barclays already have an ETF for gold.

A well-respected industry source said Thursday that there was "speculation in the market that Barclay's application for a silver ETF has been refused by the SEC." A second source told Platts that Barclays had filed the application with the SEC a couple of weeks ago. "I would be very surprised if it had been approved, another UK-based market source, unwilling to elaborate on his statement."