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


To: goldsheet who wrote (5661)8/16/2002 3:18:49 PM
From: Canuck Dave  Read Replies (1) | Respond to of 8010
 
2.2 million isn't a lot in the overall scheme of things.

With low zinc and copper prices, I think the silver deficit will remain in the 80-100M ounce range for 2002. On the other side, the Chinese appear to be willing to keep dumping, and they have enough to last until the end of 2003 according to Beatty.

I'm waiting for the US credit bubble to collapse. Things might turn in a hurry at that point. The markets will probably stay propped up until the US elections, though. After that....???

CD



To: goldsheet who wrote (5661)8/16/2002 3:23:18 PM
From: Richard Mazzarella  Read Replies (1) | Respond to of 8010
 
Bob, 2.2x10^6/33=67X10^3. Is an extra 67k oz silver/yr a big deal?