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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: russet who wrote (2284)	9/21/2001 11:56:58 AM
From: Claude Cormier	Read Replies (2) of 4051

<mainly the jewelry trade followed by investors(although one could argue that a large portion of the jewelry trade is used as a store of wealth in many countries) and industrial users. > You hit the nail and here lies the problem I think. The numbers suggest by Veneroso (10,000-15,000) tons over 10 years do not show on the demand side from the jewelry trade and investment market. The demand/supply numbers support a much lower number of 4500-5000 tons coming from the leased side. This is the number suggested by GFMS and WGC. So I am having problems to reconcile all this. I'have ask an expert on this and hope to get an answer soon.

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