Commodities - The Coming Bull Market Message Board

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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (748)	8/30/2001 10:37:39 AM
From: TD	of 1643

JIM: What about the silver market in a recession? I have seen some posts on the web stating that the silver deficit might actually turn into a surplus this year because the demand will be down so much with the economy weakening. Do you buy that? DAVID: I've seen the same thing. It is basically another case of good spin doctors. Yes, demand is usually down in a recession. I won't argue that. But that is where the truth ends, because the total truth is that the amount silver mined is also less. Since zinc and copper prices have suffered lately. In fact, zinc prices are down about 18% year to date. The amount of byproduct silver is going down -- perhaps more rapidly than silver demand. CPM believes the fundamentals for silver remain attractive and it has raised its 2001 deficit target from 97 million ounces in February to 115 million ounces in the second quarter 2001 report. So what that means is that the deficit predicted for 2001 has just been increased by nearly 20%. So, Jim, this talk about the structural deficit going away this year is just talk! financialsense.com

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