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Gold/Mining/Energy : Corner Bay Silver (BAY.T) -- Ignore unavailable to you. Want to Upgrade?


To: TheBusDriver who wrote (1233)8/19/2000 12:10:16 PM
From: Scripts  Read Replies (1) | Respond to of 4409
 
Wayne:

I agree with almost everything you said. In fact we seem to have had the same last 20 years or so.

If Gore wins and continues current policies I don't see any change in precious metals any time soon. If Bush wins and starts to "improve" things he may screw up things real quick.

I don't need a war thanks.



To: TheBusDriver who wrote (1233)8/19/2000 4:38:14 PM
From: Bruce Robbins  Read Replies (2) | Respond to of 4409
 
Wayne,

We are on the same wavelength, believe it or not. I just wanted to keep my message short <g>. I agree with most of what you say.

As for silver being an "industrial" metal- I agree for the near future. The reason it is "industrial" IMO is that there is a large component of scrap and recycled material filtering back into the market. I also think that the Chinese (having zero mining/operating costs) are selling. The "industrial" commodity situation for platinum and palladium is similar to silver- (minus the Chinese- there is an immense scrap-pile of PGe that comes back into play when the prices rise; that scrap-pile is getting low right now) there is a large component of scrap as Pt/Pd are not "consumed" for a long period of time. I think this scrap may "eat" the anticipated silver price rise for awhile.

Handy and Harmon's bankruptcy helps the situation in silver. Net "naked" shorts killed them and the story was buried.

The silver "producer" [meaning not as a byproduct] situation interests me. How is Coeur d'Alene doing?

In short, I see silver playing a bigger role as small change to gold than as an industrial commodity. Industrial commodities always have substitutes <g>. IMO, silver as an lower-priced alternative is where we will see a significant price rise (when one thinks of gold, one thinks of it's companion silver).

GO BAY!!!

Bruce