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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: d:oug who wrote (87647)7/4/2002 10:08:21 AM
From: paunch13  Read Replies (2) | Respond to of 116802
 
Doug,
It is starting with silver, next it will be companies refusing or unable to return the gold they have leased.
This should be something to watch
John



To: d:oug who wrote (87647)7/4/2002 11:20:39 AM
From: goldsheet  Read Replies (2) | Respond to of 116802
 
> Has you and Bi-ass'ed Johnsin story on a silver glut glutinous slick slip slidden away ?

You must have misread or misunderstood my posts, because I never used the term silver glut. Silver production remains very strong, especially in Peru and Mexico, while demand remains relativley flat, making it very easy for fill the gap (not a glut). There exists much silver reserves in South America that we will likely see in the future due to increased future gold mining.

> German Bank Sues Asarco on Metal Lease Payment

Do you have a URL ? ASARCO, a copper miner, is now part of Grupo Mexico, which produced over 22 million ounces of silver last year. They are easily capable of returning silver, so there must be another business dispute going on. Sometimes folks just don't get along and it doesn't have anything to do the underlying commodity.

P.S. You posted a silver story on the gold thread ;)
P.P.S. Do you know what a PHLX is now ?