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Gold/Mining/Energy : Pan American Silver Corp (PAA-T) -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (317)	12/8/1999 1:35:00 AM
From: Elizabeth Andrews	Read Replies (1) \| Respond to of 358

Claude, that bear market stuff is baloney. Mining stocks are discovery driven and will increase significantly in value in any market if the results are economic with respect to the marginal value of the ore. There is no bear market in mining stocks right now. There is, however, a lack of economic discoveries and therefore no price appreciation. No ore no no market regardless of the relative level of metal prices or the shortages of commodities. Claude, do you know what the real price of copper or silver is today? Much lower than ten years ago and much lower than 20 years ago and it will continue to fall. It's all economics not a bear market because the metals have been in a relative price slide for the past 100 years or so. In real terms metals are cheaper than ever and it's going to continue so. Aren't you educating your subscribers in this way? Or are you in the school that thinks we are in a bear market and that broad brush explains the failure of so many companies that in reality have marginal prospects? In most cases the properties are garbage and the exercise in Vancouver is to sell the 1 cent escrow stock for more than 1 cent. It is a losing agme for the VSE.