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


To: russwinter who wrote (1787)7/31/2001 12:22:05 PM
From: goldsheet  Read Replies (3) | Respond to of 4051
 
> Looks like actual sales .......

Looks like you do not like the production numbers, so you have decided to do adjustments and come up with "actual sales", which is confusing. One should add up add production and compare it to production (apples-to-apple), then do the same for hedging (oranges-to-oranges), then make the comparison. Production appears a bit up so far, hedging down, therefore net supply may well be down. I have only claimed production is not dropping and have been correct so far. Meanwhile, demand looks weak and I have seen estimates of down 3% for 2001, about a 120mt drop. Status quo is being maintained.



To: russwinter who wrote (1787)8/31/2001 8:27:20 AM
From: russwinter  Respond to of 4051
 
Continuation of the hedge book reduction noted before:
Message 16148979

The laughable quote in this article is the gag about producer hedging not, "being as high as people think". Yeah, only 46% of total reserves is all. Give me a break. Still the trend towards no more accelerated (indeed decelerating) supply (defined as fresh sales ABOVE normal day to day production) is significant and bullish.
sg.biz.yahoo.com