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

To: goldsheet who wrote (4960)	4/26/2002 11:23:38 AM
From: Claude Cormier	Read Replies (2) \| Respond to of 8010

Bob, Your silver numbers from the producing side are very interesting. However, we have to remind ourselves that, if what I read is true, the entire worldwide market capitalization of the entire worldwide mining industry (gold, silver, base metals, industrial minerals) is less than McDonald's Restaurants. So the silver market is very very small. In the 1970's and 80's above ground inventories were huge. Still silver went up and traded up for years. Investors demand, if it wakes up again, will make these supply numbers irrelevant. And if it doesn't, I still think that the current fundamentals are good and point to a price above $5.. which is very fine with me.