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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 155.82-1.3%Jan 23 9:30 AM EST
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To: Peter Sherman who wrote (134332)6/5/2004 11:04:40 AM
From: Maurice Winn  Read Replies (1) of 152472
 
<Two of the largest world markets for silver are:
1 - Photographic and x-ray film. Both usages are disappearing with digital imaging.

2 - Dental fillings. Again disappearing. Most dentists are eliminating, or have eliminated, silver amalgam [ Hg also ] fillings from their practices.

Result: decreasing usage and decreasing demand. Ergo, lower prices >

And, I learned during a trip to a gold mine that they produce a lot of silver, which they get incidentally to their main hunt, which is for gold. They still extract the silver as it has value, but it is just dumped at whatever the market will bear, which isn't very much [compared with gold, platinum etc].

So, even though demand is dropping, supply is increasing as gold hunting increases. I suppose so anyway. Though maybe the wealth effect in China [and India] will mean shiny baubles will be wanted so much that silver will zoom.

Mqurice
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