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Gold/Mining/Energy : Silver prices

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To: Albert V who wrote (910)	3/16/1998 9:28:00 PM
From: TD	Read Replies (2) of 8010

!. About 90 Million ounces 2. 200m deficit/12 months year = 16.6M ounces per month. It is interesting to note that most comes from the smelters not the Comex exchanges. 3. London according to CPM survey 1998 "European stocks may total 150.0 million ounces by lthe end of February" They are referring to 1998. Right now there is approx. 600M ounces known with athe annual deficit of 200M so that is about three years worth until we run out. Of course this will not happen but this math exercise does provide us with a trend. CPM is looking for a) $6.50 average 1998 b) $8.00 Feb 1999 c) $11.25 Dec 1999 CPM is usually on the conservative side, if fear / panic take hold due to Y2K or stock meltdown or currency crisis then the price may be higher than shown. If your time frame is less than six months then perhaps you should look to something else if you have the stomach to hold through all the ups and downs until the public starts buying silver again because they think their bank accounts are at risk because of the Millennium bug, then it could get real interesting. TD

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