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

To: russwinter who wrote (2230)	9/20/2001 11:00:48 AM
From: Braincramp	Read Replies (3) \| Respond to of 4051

So why are producers not buying back their gold, they have the market by the short hairs IMO. Could it be that they are so far up the bankers as- they can see Greeny's feet. Gold has to close above 294 quick or this rally will be over.

To: russwinter who wrote (2230)	9/20/2001 11:44:45 AM
From: goldsheet	Read Replies (1) \| Respond to of 4051

THE GFMS estimates for 2001 are all strong on the supply side (for first six months: mine production up 4%, cash costs down $16, scrap up 16%) and weak on the demand side (total fab down 3%, with industrial down 8%) I'm sure you will eventually have your day (although I don't see primary mine production down more than 10% over the next 3 years versus your 30%+ estimate) Meanwhile, we are going to see one of the smallest gaps between primary mine supply and total demand in a decade, which can be mostly filled by scrap and require relatively little forward or bank sales; Year Mine Demand Gap ---- ---- ---- ---- 1988 1848 2746 898 1989 2023 3076 1053 ---- ---- ---- ---- 1990 2127 3096 969 1991 2160 3128 968 1992 2250 3518 1268 1993 2270 3442 1172 1994 2260 3305 1045 ---- ---- ---- ---- 1995 2250 3606 1356 1996 2328 3518 1190 1997 2472 4228 1756 1998 2555 4123 1568 1999 2569 4065 1496 ---- ---- ---- ---- 2000 2573 3946 1373 2001 2604 3604 1000