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Gold/Mining/Energy : Silver prices
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To: long-gone who wrote (2562)2/9/2000 1:00:00 PM
From: Bruce Robbins  Read Replies (1) of 8010
 
I will re-examine the numbers you are talking about. I do not foresee silver at $50 any time soon. A double perhaps, but for how long? The problem is that when silver rallies, there is a whole lot that can pour into the market over the long term. I doubt very much that gold price can do a double as easily as silver can. Perhaps this is why Buffet and Gates are in... If silver prices get too high, there will be substitution. And what will be the loss of demand from the photography market when we all start using digital cameras?

Bruce
PS I am long on silver stocks like BAY and IAU
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