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


To: farkarooski who wrote (4858)4/17/2002 8:23:46 PM
From: goldsheet  Respond to of 8010
 
Silver Insitute has some good numbers:
silverinstitute.org

Also, check out the Silver Standard 2001 annual report.
It is well written and has a few good charts. (page 6)
silver-standard.com

The Predicted 2002 numbers are:
Supply = Mine (501moz) + Scrap (202moz) + Other (34moz) = 737moz
Demand = Photo (295moz) + Jewelry (270moz) + Electronic (107moz) + Other (162moz) = 834moz
Gap (implied disinvestment) is 96.9moz

The 2001 gap was 75.8moz, which means I am disagreeing with the CPM/Gold Field prediction because I think it might actully go lower (under 50moz) instead of up. (Demand is still too weak)