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Gold/Mining/Energy : Bema(Bgo) and Arizona Star
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To: marek_wojna who wrote (10400)5/21/2002 8:07:01 AM
From: John Soileau  Read Replies (3) of 10482
 
Marek, I think GT's point is a good one, with precious metals we must keep looking for up to date info on supply (which is not at all static over time), and not focus merely on increasing demand. It's not at all easy to get a handle on supply; every source of supply info necessarily makes assumptions about segments of the supply market, and is subject to error, sometimes wide error.
For that reason don't be too readily convinced about any given hypothetical "deficit" that will suddenly balloon the metal price. In a nutshell, be a skeptic by nature, not a believer by nature, when it comes to hypothetical deficits of a pm. I think that's good advice, even if delivered in GT's inimitable style.
John
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