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Gold/Mining/Energy : Silver prices
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To: Claude Cormier who wrote (2290)10/29/1999 3:15:00 PM
From: Alan Whirlwind  Read Replies (1) of 8010
 
Hi Claude,

Congratulations on your Bay pick. I am quoting from your CPM URL:

"New silver mine production, including that of Pan American Silver, will
be offset by a number of large silver mine closures. The only factor
which can bring the silver market into balance in the near future is
higher prices, which would decrease silver demand in some sectors and
might increase silver scrap supply. Silver demand in the photographic
industry has not declined with the advent of digital imaging - in fact
it has increased in this sector by more than 20 percent since 1993 and
is forecast to increase a further 10 percent by 2002 even with higher
silver prices."

Two points.

A. New silver mine production not necessarily keeping pace with playing out of old veins.
B. Photography use to rise next three years running.
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