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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: d:oug who wrote (59511)	10/7/2000 11:40:07 AM
From: long-gone	Read Replies (1) of 116753

<<silver may become more valuable than gold>> While I've made money in silver by being there slightly before the big guys hit on this GREAT idea, then selling into the rally they induce with their names, I really doubt Gold will become depressed to the point & there is enough of a rally coming in silver to see that level of win. The industrial demands for silver are great. Were there even a 14-16X price increase($68-81) there would be a great limiting effect on the broad economy of the entire world(& or we would drive replacement Via technology) & would in-turn drive overall demand back lower. I think all here will agree even the most bearish forecasts for price of gold are 2-3X the above prices. At some point there might also be some replacement of silver by gold in a few industrial applications - reflective glass & electronics. Yes, I hear of tests underway for 2nd generation Pb electronics solder replacement by a gold alloy with any possible being more than 10 years away - silver solder replacement of Pb is now only 10-18 months off by most informed sources. disclosure - I've bought back into silver & it's producers.

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