Gold and Silver Juniors, Mid-tiers and Producers Message Board

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

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To: Mr. Aloha who wrote (25410)	11/14/2006 5:22:08 PM
From: Claude Cormier	Read Replies (3) of 78409

Well for the past three years, copper inventories have been held at 100,000 tons. Back in 2003, we were supposed to be at 0 inventory within 12 months. Also recall the silver deficit of the mid 1990's and how we were supposed to run out of silver in coming years. We still have a silver deficit and are still supposed to run out it in the next couple of years, There are unknown forces in these very small markets including many financial institutions that are very active in commodity markets. Nobody know what they have bought, in what quantities and if they have taken deliveries. The odds are that zinc is heading higher... but I think it is a good idea to be prepared for everything. There is no done deal. As for the USD, in the long term it will collapse. But it could well be that a major rally lies just ahead.

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