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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Roebear who wrote (92879)7/30/2001 2:12:22 AM
From: rails99  Read Replies (2) of 95453
 
Roebear: Silver/ Mort rates/ and CDE:

Re.: Silver in general:
Wish to offer my views concerning the silvers at this time. My main point I would share with the thread is that it is likely that silver will be of immense value to superconductivity technology and electronic uses in the future. Another main attribute of silver is the increase in use during replacement of existing soldered copper piping in residential construction, as the old leaded solder joints will be a liability in the near future. Lead contamination in drinking water is not new, but something that may soon influence bank lending (somewhat), in the existing home sales market. Lead contamination will become a bigger problem and piping will continue to be replaced; prior to meeting conditions of sale contracts in residential real estate. I only bring this forward because the plumbing industry will continue to push this issue, as new home sales dwindle in the near future and maintenance work increases as a portion of total sales of mechanical contractors.

OT: Question for thread: Anyone remember all time lows for home mortgage rates on historical basis, just wondering how low can they go?

Back to CDE:
I also tend to agree with you on the feel of the tape in regards to CDE. I feel that: Based on what I have seen with the security as it traded so far this year ( historical range for 2001), the positive movement of the share price as the other PMs trade up with any positive demand cycles of their own respective share prices movement, the positive position of all PMs in current status of the price of gold/silvers (can not get much lower and the only way from here up, based on mine closures and CB sales versus demand, etc.); CDE seems to be a viable means for profit. I have found the percentage increase for CDE share price exceeds that of SIL and PAAS when the silvers move. The only problem is the reverse holds true as well, as most may agree that the downside for CDE may exceed that of SIL and has fallen more than PAAS. My view is that I average in and add more on the large price drops.

Rails

PS: OT/ Watching a minute or two of Third Rock, heard this: "You are just sitting there happy as an Idiot at Idiotland on Idiots get-in-free day". Kind of thought that it is something to share with you; as I contemplate how my PMs fare from day to day, while I watch QCOM go up in price.
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