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Gold/Mining/Energy : Silver prices

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To: goldsheet who wrote (6122)	11/11/2002 11:22:12 PM
From: Douglas M. Benedict	Read Replies (2) of 8010

Bob, maybe I missed something, but in the World Silver Survey 2002 - A Summary, page 4 starts "Overall silver supply fell noticeably last year. The fall in global supply was recorded despite a fairly robust performance on the mine production front:...." Though, I've re-read it several times, I can't seem to get a fix on why increased production globally is creating a FALL in silver supply, unless the critical ingredient IS the hedging...and this in a year when industrial demand declined... Care to offer any opinions, comments, insights??? I particularly found interesting that "the number of producers who are actively engaged in this form of price protection shrank again last year"... Wasn't there a significant increase in the so called 4 short sellers positions during the Sept 11 aftermath ??? If there are fewer commercials using price hedging, then who is? Just a few things to ponder... Doug Benedict

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