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

To: Canuck Dave who wrote (5078)	5/13/2002 4:03:49 PM
From: goldsheet	Read Replies (1) \| Respond to of 8010

> You think the imbalance will disappear this year? No, I thought it would go down about 50moz versus the prediction you mentioned of 90moz. 2003 might see the possibility of closing the gap. > Where is the extra mine production coming from? Very impressive numbers out of Mexico and Peru. Also, certain base metal miners are putting out more byproduct than expected. BHP Billiton, Rio Tinto, and Buenaventura are running 15% higher for trailing 12months versus previous 12. Barrick and Penoles are 10% higher, while Noranda is 26% higher. Those 6 firms did 150moz versus 130moz, which is an extra 20moz annually. > You think demand figures are too high? I think demand is going to stay relatively flat for 2002, about same as 2001.