SSRIF Silver Standard Resources Message Board

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Gold/Mining/Energy : SSRIF Silver Standard Resources

SSO 112.64

-2.2%

Nov 6 4:00 PM EST

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To: Douglas Freeman who wrote (68)	5/10/1997 3:32:00 AM
From: tshane	of 403

On the other hand, CPM Group's Silver Survey for 1997 projects that supply will increase by 9% to 570 million ounces in 1997. This includes an 11% increase in mine production. At 570.6 million ounces, total supply would be at second highest level of annual supply in history second only to 586 million in 1980, when the $50/oz lead to people selling anything made of silver leading to an oversupply that lasted for years. The increase is expected to come from increase in mine production - silver doesn't just come from gold mining, but from Zn, Cu and Pb mining. The Survey projects the deficit of supply minus demand to continue in 1997 but the shortfall will be reduced from 198 million oz. in 1996 to 168.8 million this year. But so much for statistics which can be rationalized toward any bias. Markets function by emotion and if people become frightened, something shiney and silver will become very attractive to our primal nature and the price will go up - and then we will all rationalize why after the fact. So, I am holding on to my Silver Standard. Richard

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