'Nuff Said'Andrew Mickey: Precious metals have been getting alot of attention lately. But it seems like there has been a divergencebetween gold and silver. We’ve been watching the gold to silver ratio(the number of ounces of silver which can be bought for an ounce ofgold) get wider and wider. Gold to platinum too. Do you see thedivergence tied to the industrial aspect of metals like platinum andsilver, gold is the supreme precious metal, or is there something elsegoing on behind the scenes?
John Embry:No – it’s a very strong manipulative aspect at work. If you go to theCOMEX and look at the trading patterns and the short positions andsuch, clearly the prices are being messed around with.
Silveris a smaller market and can be messed around with more easily. I thinksilver probably has a bit more upside potential because the price is sofar behind where it should be.
Andrew Mickey: So do you see silver as one of the bright spots?
John Embry: Oh yeah, it’s an extreme bright spot. I could easily see it three times where it is now in the not-that-distant future.