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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Clappy who wrote (49334)4/2/2002 10:43:53 AM
From: Jim Willie CB  Read Replies (1) of 65232
 
mining top? below production cost? no way

remember that Wall Street does possess some intelligence
they can reason thru the bubble sequence just like me

if 50% of silver mines are shut, due to artificial low prices, then not a top
dont be duped

we have seen all highcost gold and silver producers go out of business
see Sunshine, see Coeur d'Alene (near death)
we have seen consolidation due to desire to share cost structures and mgmt overhead

equilbrium price of gold to satisfy supply/ demand is 500-600
equilbrium silver price is 25

wait at least 18 months before employing your contrarian gears
the contrarian signals will be like:
- ads in press and TV to buy your gold & silver
- ads explaining the benefits of precious metal investments
- your stupid neighbor telling you about discovering gold

Klapp, this thing is in the bottom of the 1st inning
plenty of resting points
plenty of deception points
with the stock feeble upcoming recovery, plenty of alternatives
but watch the physical price chart
this is early
relax
/jw
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