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Gold/Mining/Energy : Silver prices

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To: TheBusDriver who wrote (3140)	12/16/2000 12:28:29 PM
From: goldsheet	Read Replies (1) of 8010

You might want to read the full CPM press release, but the following gives you a rough idea the gap is about 100 million ounces. cpmgroup.com Click on the fourth item down, "Silver Survey 2000", it's a .doc file "The physical silver market operated in a deficit for the tenth consecutive year in 1999, with newly refined supplies falling short of industrial demand by 120.2 million ounces. This reflects a narrowing of the deficit from 179.4 million ounces in 1998. In 2000, the net deficit in the bullion market is projected at 92.4 million ounces. At the end of 1999, bullion stocks are estimated to have totaled 331.1 million ounces, while investor holdings of silver coins totaled 425.5 million ounces."

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