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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: E. Charters who wrote (6291)2/10/2006 4:39:07 PM
From: Claude Cormier  Read Replies (1) of 78416
 
You are right...The Chinese control 90% of the market. However, their production has comme down by 15% in the last two years, hence the increase in APT from $70 to $270. At the same time, their internal demand is exploding as the also need the hard stuff for their tools and other stuffs.

Higher prices always trigger more production in the long term. But if no global collapse, we have at least two years before prices starts to stabilized.

Assuming APT prices reached $350-$400 this year or next, we should have PMI at $15-$25.

Re your deposit: maybe you should contact a producer.
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