Silver prices Message Board

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Gold/Mining/Energy : Silver prices

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To: Alan Whirlwind who wrote (193)	11/19/1997 2:05:00 PM
From: Gerald Walls	Read Replies (1) of 8010

Silver up 12 cents today? The low price of gold bullish for silver longer term due to expected closing of half of the world's gold mines (which also produce silver)? Silver is a by-product of gold, copper and zinc, all of which are depressed and their production decreasing. This has the effect of reducing supply even as price increases. Claude Cormier, publisher of The Goldbug's Comment, is recommending some silver producers at this time. Among them is PAA.T (PAASF). I own a little of this and also a little of SSC. From PAA.T's quarterly report at biz.yahoo.com their cash cost per oz silver is $1.98 and total cost $2.94. They made 2 cents per share in the quarter ended Sept 30.

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