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Politics : Gold and Silver Stocks and Related Commentary

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To: loantech who wrote (1051)12/19/2004 9:28:35 PM
From: goldsheet  Read Replies (2) of 18308
 
> Do you expect it to still go back to 100 -1 if we see $750.00 Gold in 2007?

You are trying to make me popular, eh ?

Yes, I do see $750 gold by 2007, and a 100:1 au/ag ratio
Some of the new gold mines, like Pacua Lama and others
will add 50moz or more to annual silver supply.
Meanwhile, current planned silver mines (like Apex)
will add even more.
Finally, a sustained silver price of $7.50 will bring
even more high silver content mines to development.

Yes, silver demand should rise, but I think it is going to
get offset by supply more than most silverbugs expect.
I would not buy silver bullion, but there is always money
to be made in silver stocks.

We really need to make a list of all known silver reserves
and see how much is in the pipeline, it is billions of ounces.
I always put data together before jumping to conclusions.
(my pet peeve with most analysts is they have the conclusion
then go look for data to support their view and ignore the rest)
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