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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Alan Whirlwind who wrote (11279)	6/2/2001 11:24:48 PM
From: goldsheet	Read Replies (1) \| Respond to of 81665

> tended to point out increased gold production True, folks assume that if higher gold prices lead to higher production then lower gold prices should lead to lower production, which I do not think is true. Miners are reluctant to walk away from projects (aka huge capital investments) and often find themselves increasing production when prices drop in a effort to reduce unit costs. It appears to have worked, cash costs and total costs delined more in 2000 than the gold price. > Silver too--not? Well, I think you know my thoughts on silver. Folks are going to be most surpised when the deficit closes before stockpiles run out and silver stays under $5 With silver demand flat and mine production growing at 7% per year, the silver gap was about 100moz in 2000 and closing fast. It might be 50moz in 2001, and ZERO in 2002 !! I am out on a limb all by myself and probably am the only person who does not like silver (sorry)