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

To: goldsheet who wrote (1666)	7/20/2001 3:28:11 PM
From: Brumell	Respond to of 4051

Pd is still tumbling. Closed $469b - 479a down 33. There may still be some short situations around IMO. Bob

To: goldsheet who wrote (1666)	7/20/2001 8:29:07 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 4051

Bob, you are right, There is production coming on stream... no doubt. But there will also be more shutdowns. I would no be surprised to see Coeur doing same with Rochester...and why not PanAm with two mines in Peru. Still demand is holding strong..at least so far. I can see a price drop below $4. We had one in 1992-3 ...and went down to $3.25. so it can happen again... But the odds are much lower than in the early 90's when inventories were much higher. May I suggest that in the same way the current deficit has not help silver prices, the possible surplus you suggest may not come as a nuisance. Look at what happened in the 1980's. Silver market is a very small market...