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

To: russwinter who wrote (2238)	9/20/2001 12:26:42 PM
From: goldsheet	Read Replies (2) \| Respond to of 4051

Investment demand may indeed go up, but could easily be offset by reduction in jewelry demand by consumers with no confidence in a recessionary environment. GFMS mentions this is their press release. Remember jewelry is about 10X investment demand, so a 5% drop in jewelry needs a 50% increase in investment to offset - it will be a wash (IMHO) > If you read my post again, my 30% production decline is for five years rather than three Thought you said 30% two years ago, leaving only three left on the clock <grin> I will go for a cycle bottom near 2300mt (down about 10%) in either 2004/2005.