Coeur d'Alene Mining (CDE) Message Board

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Gold/Mining/Energy : Coeur d'Alene Mining (CDE)

CDE 13.99

+0.9%

Nov 21 9:30 AM EST

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To: Robert J Mullenbach who wrote (248)	7/8/2000 8:49:52 PM
From: CLK	Read Replies (1) of 621

CDE has economics that add up to trouble a couple to three years away if nothing changes. Thus each day that silver does not go up makes life incrementally more difficult. It is the debt they carry that is the problem. If it were not for that, they would be in very good shape. Sunshine may not shine for much longer, and that casts a shadow over CDE. HL has a longer lifeline and looks to survive. Most likely silver will move higher sooner rather than later and great returns on CDE will be had. But counting the number of threads left on the entire mining section of SI tells you how much damage has been done. It is not easy to find a really good silver play. Silver has one other dilemma and that is that the very meltdown that will cause gold to go through the roof will decrease the industrial use of silver. This will be countered by it's use as the "poor man's gold". Still it makes for pretty mixed currents. My vote would be it would rise sharply despite the drop in industrial demand as gold will be pretty hard to come by.

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