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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (9291)	3/22/2005 6:57:28 PM
From: goldsheet	Respond to of 18308

>>I still do not buy production decline theory. > Well you have proof. Production is declining. Funny how two folks can look at same chart and see different things. Yes, we are about 5% off the all time record peak year, but still almost 100% above typical production level during the 1970s and early 80s (pre-major heap leaching) >>but 1800mt predictions are way too low, IMHO. > That I agree... but another 10-15% in the next two years make sense. OK, I think we are close. We finally broke trend with 2004 (2478mt), 4.4% off 2003 (2593mt) but that was almost equal to the 2001 record (2604mt) I'll go with 4% for two more years, 2005@2400ish, 2006@2300ish Long way from dire gloom and doomers looking for 1800mt by 2010 Still think we will have gold price and production boom to take us out of the decade with a record over 3000mt by 2010