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: Claude Cormier who wrote (54234)	12/15/2007 3:56:19 AM
From: Proud Deplorable	Read Replies (1) of 78419

Year 1996...gold at 400.00/ounce....Barrick buys Arequipa for about 1 billion dollars...a 7 million ounce deposit year 2007...gold at 800.00/ounce....ARU market cap 1.2 billion (700 million in less deflated 1996 dollars)...17 million ounce deposit and counting...Barrick says ARU too expensive... There is really no knowing this shady industry as it is full of whores, crooks, criminals (recent years of ABX and PDG come to mind) as in the SUA, crooked brokerages, CB manipulation, government manipulation you name it so I wouldn't get too sure of yourself when it comes to predicting where prices are going. I've heard the old boring argument that silver is not a financial metal but an industrial one and in my opinion nothing can be further from the truth. If silver was an industrial metal the SUA wouldn't have failed miserably trying to keep it in the 6 dollar range even without thanks to that criminal in The governors mansion in NY, Eliot Spitzer. Silver has always been first and foremost a precious metal and any industrial uses secondary. It will always be this way. ------------------ Both silver and gold are manipulated if you believe GATA and Sprott and Butler and Sinclair and almost everyone else in this industry that matter.....and I'm sure you do as well. So when you say that you think silver is under performing gold and you expect it to, might I ask where you got this nonsense? In 2002 I was buying bullion at 5.20 to 5.85 an ounce. It is now tripled. kitco.com Show us how silver has lagged. kitco.com

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