If the Silver ETF Does Drive Up the Price of Silver, Who Loses? (TIF, EK, DOW, DD)

Question: We know who gains from the silver ETF if it does indeed drive up the price of silver -- the silver producers, CDE, HL, PAAS, SIL, SSRI, and WTZ. But who loses?
Answer: The companies that consume silver (and co-incidentally are members of the Silver Users Association, which has come out in opposition to the silver ETF):

• Tiffany (ticker: TIF) -- silver jewelry
• Eastman Kodak (EK) -- photographic paper
• Dow (ticker: DOW) -- industrial
• Dupont (ticker: DD) -- industrial

Related:

• Silver ETF Controversy Recalls Bunker Hunt Fiasco (ETF: SLV)
• Planned Silver ETF Draws Opposition (ETFs: GLD, IAU, SLV)
• Why the Silver ETF Will Drive Up the Price of Silver (ETF: SLV)
• Pan American Silver Comments on the Impact of the Silver ETF on the Silver Market (PAAS 3Q05 Conf Call Quotes, ETF: SLV)
• What’s Happening with the Silver ETF? (Proposed ticker: SLV)
• New ETFs could boost the price of commodities
• The impact of the silver ETF (SLV
• Barclays files for first silver ETF - ticker SLV

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Comments

[Prudent Inv...:]

One can also include electronics companies in this list as silver is the conductor with the best price-performance relation.

2005 Nov 13 04:58 AM