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Gold/Mining/Energy : PAAS : Pan American Silver

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To: Canuck Dave who wrote (141)7/3/2001 3:36:42 PM
From: Jim Willie CB  Read Replies (1) of 294
 
alternative math for precious metals

ECONOMIC SLOWDOWN + DIGITAL PHOTOGRAPHY + WORLDWIDE UNISON

= REDUCED INFLATION + LOWER INTEREST RATES

= DECLINING METALS PRICES

long way from an international currency panic
the more immediate threat is econ slowdown and deflation
energy commodities are trending down, not up
interest rates are likely to come down some, in reflection of economy

any panic intlly might only serve to lift metals off the floor
where they are most likely to hit again and again

silver is the industrial precious metal
digital photography is laying waste to growth

/ JW
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