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Strategies & Market Trends : Natural Resource Stocks
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To: Jim Willie CB who wrote (1008)9/26/2003 6:38:56 PM
From: isopatch  Read Replies (1) of 108614
 
Jim. Good point. Don't know the tonnage numbers. But a

sizable amount of the gold produced annually is a by product of copper mining.

In a recession, marginal copper mines are closed and that eliminates the co-produced gold from the aggregate supply.

Assuming no change in demand for gold, this puts upward pressure on gold prices.

Iso
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