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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (177)	2/18/2004 8:52:42 AM
From: mishedlo	Respond to of 116555

Silver prices were volatile in 2003, ranging from a low of $4.35 per ounce to a high of $5.98 and ending the year at $5.92, a rise of 24% over 2002. Industrial and investment demand for silver rose sharply in 2003, while jewelry and photographic demand declined modestly, resulting in an increased silver deficit estimated at about 85 million ounces (2002 - 67 million ounces). This deficit was mostly filled by producer hedging and sales of Chinese government stockpiles, though the latter occurred at much reduced levels relative to recent years. World mine production of silver declined for the second consecutive year. Silver prices continue to benefit from the increasing supply deficit and renewed investor interest and we are optimistic that our shareholders will be rewarded with continuing strength in silver prices during 2004. More at the link: biz.yahoo.com

To: Chispas who wrote (177)	2/18/2004 9:26:04 AM
From: ackerrj	Respond to of 116555

Here is another chunk of that article ( from ashi.com) being read by Japanese public: In this trans-Pacific macroeconomic picture, Japan and the other Asian nations appear to be behaving like innocent merchants willing to sell on credit as much as their customers want. This framework has persisted for the past three decades or so, ever since the United States began to float the dollar in the currency market. Sensible persons even without business expertise know the ultimate consequences of such relations between merchants and customers.