<I usually direct my queries to people who I feel have the desire and ability to reason out issues>
I'm getting too tired after 30+ years in mining to be reasonable, I just want to rant and rave like all the other goldbugs and silverbugs. I would have sent you a reply via email, but you did not have one listed in your profile, so I will venture an answer. Forgive me if it does not meet your requirements.
<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>
I do not think increased global production causes a fall in silver supply, since it is only one of several independent components of supply. Production could be up, with other components down, making the total suppply less. I would look at it the other way around, global demand was down so less silver supply was required to meet it. With robust production, the gap to be filled was smaller in 2001 than 2000. If that doesn't explain it, then I probably don't understand the report, either. |
