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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.20

-0.4%

Dec 18 4:00 PM EST

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To: Wizzer who wrote (11359)	5/6/1998 5:55:00 PM
From: Alan Whirlwind	Read Replies (2) of 116815

I don't recall any mention of "incredible highs" however perhaps that was on a previous post and I don't keep up entirely with this thread. $8 silver in 2 or 3 months is not too high to sustain indefinitely given the current supply/demand situation and outlook. It would take $10 silver to loose the tertiary supplies onto the market. That could indeed bring the price down a couple bucks again but it wouldn't solve the problem. $15 to $20 silver will bring mines into play and that is when the price may well crash. A short term spike to new highs could be possible. But, yes, long, long term, the price cannot remain above $20 in a multi-year sense. --AG

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