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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?


To: Alan Whirlwind who wrote (3594)6/1/2001 11:32:11 AM
From: The Vet  Respond to of 8010
 
It seems that silver is still popular in India, and much is being consumed not just hoarded...

economictimes.com

INDIA has become the third-largest industrial user of silver in the world after the United States and Japan, with its consumption in 2000 having risen sharply by over 21 per cent to 1,430 tonnes.

The growth in offtake over the past decade has been nothing short of spectacular, says world silver survey 2001 conducted by gold fields mineral services.

The demand has risen by 177 per cent in the space of ten years from a relatively paltry 16.6 per cent or 417 tonne in 1991. ------

-----The biggest rise in industrial demand last year was seen in pharmacy and chemicals which rose by over 60 per cent.



To: Alan Whirlwind who wrote (3594)6/4/2001 2:45:43 PM
From: Canuck Dave  Read Replies (1) | Respond to of 8010
 
Unloaded my silver holdings today. Stocks holding up despite drop in spot silver.

I get the uncomfortable feeling that a shake out into the 4.00 range is coming before it heads higher. In any event, this thing isn't running hard.

CD