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

To: goldsheet who wrote (2234)	9/20/2001 12:03:16 PM
From: russwinter	Read Replies (1) \| Respond to of 4051

<we are going to see one of the smallest gaps between primary mine supply and total demand in a decade> Don't you think one component of demand has changed since Sept. 11th, and that's investment demand? I'm reading anecdotal reports at various dealer sites about more physical gold sold in the last week than for all the pre-Sept. 11th business for this year to date. Logically that kind of extreme demand will tail off somewhat (or will it?), but I submit we are not going back to the watching paint dry days of last spring and summer. <I don't see primary mine production down more than 10% over the next 3 years versus your 30%+ estimate> If you read my post again, my 30% production decline is for five years rather than three. I'm using 6% a year absent force majeure events (a distinct possibility in the post Sept. 11th world) or energy spikes (also a possibility). So actually in three years I have 18%, versus your "no more than 10%". If we get over 300 and stay, I would modify my figures down somewhat. Message 16372195