Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Douglas M. Benedict who wrote (6131)	11/12/2002 11:04:19 AM
From: goldsheet	Read Replies (1) \| Respond to of 8010

<I usually direct my queries to people who I feel have the desire and ability to reason out issues> I'm getting too tired after 30+ years in mining to be reasonable, I just want to rant and rave like all the other goldbugs and silverbugs. I would have sent you a reply via email, but you did not have one listed in your profile, so I will venture an answer. Forgive me if it does not meet your requirements. <Overall silver supply fell noticeably last year. The fall in global supply was recorded despite a fairly robust performance on the mine production front:...." Though, I've re-read it several times, I can't seem to get a fix on why increased production globally is creating a FALL in silver supply> I do not think increased global production causes a fall in silver supply, since it is only one of several independent components of supply. Production could be up, with other components down, making the total suppply less. I would look at it the other way around, global demand was down so less silver supply was required to meet it. With robust production, the gap to be filled was smaller in 2001 than 2000. If that doesn't explain it, then I probably don't understand the report, either.