04/03/2006

Hi-ho Silver, Go Away!

Hello:

Just as the Lone Ranger rode a horse named Silver to rescue people from pending peril, so may Wall Street expect the new surge in the value of silver to protect investors from pending inflation. Traditionally silver, particularly in the form of bags of small coins, has been a "money in mattress" strategy to protect buying power during times of political unrest. For example, trade some small coins for a loaf of bread when there are not many loaves available.

Currently, we do not appear to be in a time of political unrest. Also, one of the primary uses of silver, photography, is being replaced by digital technology. Potentially this may decrease the demand for silver. What comes to mind are past times of alleged market manipulation of the price of silver. We continue to recommend an overall strategy of general diversification for our investors.

We will be on business travel this week and back in the office on Monday, April, 10th. We will be checking our email and voice messages on a daily basis. For check requests and to enter orders, please contact our back office Linsco/Private Ledger directly by dialing 800.558.7567.

Terri G. Millson, CIMA, CIMC President

Ray Dicius, CSA, GEPC LPL Branch Manager