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Gold/Mining/Energy : Silver prices
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To: Tom Byron who wrote (649)2/6/1998 10:48:00 PM
From: Ron Struthers  Read Replies (1) of 8010
 
Tom, CDE still has quite a bit of leverage to silver but their big exposure to gold is more of a factor now, espcially with the price of gold down.

IMO this move in silver is just the beginning. It will take a wack of new mines to come on stream to balnce the market. Miners will want to see higher prices stabalize before comitting and then it will take years to get production rolling. The first new plateau in silver should be the $8 to $10 range. I predicted we would get there this year. I didn't expect it this soon though, We will see

Ron
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