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Gold/Mining/Energy : Silver prices
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To: goldsheet who wrote (5661)8/16/2002 3:18:49 PM
From: Canuck Dave  Read Replies (1) of 8010
 
2.2 million isn't a lot in the overall scheme of things.

With low zinc and copper prices, I think the silver deficit will remain in the 80-100M ounce range for 2002. On the other side, the Chinese appear to be willing to keep dumping, and they have enough to last until the end of 2003 according to Beatty.

I'm waiting for the US credit bubble to collapse. Things might turn in a hurry at that point. The markets will probably stay propped up until the US elections, though. After that....???

CD
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