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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Square_Dealings who wrote (69815)5/21/2001 12:09:37 AM
From: goldsheet  Read Replies (1) | Respond to of 116768
 
> Its trading at less than it costs to get it out of the ground now

About 70% of silver production is a byproduct of gold, copper, lead , or zinc mining where its cost is often reported as zero. They just get it out of the way of their primary product, sell it at spot, and book it as a credit.

In other words, I don't think gold is going to drag silver upwards ;)