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Politics : Gold and Silver Stocks and Related Commentary

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To: menanna who wrote (1333)	12/22/2004 6:35:23 PM
From: goldsheet	Read Replies (3) of 18308

Those are the articles that drive me crazy. Six years ago (1998) they began to appear and forecast an imminent decline in gold production due to low prices, getting down to 1800mt by 2010. They ignore the time lag effect, one does not turn mines on and off like water. Anyway, gold production kept going up setting an all time record of 2604mt in 2001, and was still 2593mt last year. I have compiled quarterly data for years and I do not see any significant decline. goldsheetlinks.com If folks did not run away at $250, I don't think they are going to cut production at $440 - might even increase it. I am VERY bullish on gold and even more so on the ability of miners to find, develop, and produce it. I am on record for gold to get $750ish this decade, and for gold production to hit a record 3000mt (not down to 1800mt) Majors will eventually get around to buying juniors for reserves, but not as soon as everyone expects. (the sky is not falling, yet)

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