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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (7106)	2/25/2006 11:20:16 AM
From: Herb Duncan	Read Replies (1) \| Respond to of 78416

In the PM sector??, if you put enough pieces together the puzzle starts to make sense. Some of the pieces are but not limited to: W.Buffet buying silver and exiting US currency, B. Gates into silver, George Soros the same, all time highs for US trade deficeit, as well as national debt, fed rate kept low to keep the economy going(print money, print money) growing extremist problems in Nigeria, Iran, Iraq, Afganistan and next I believe Saudia Arabia, More oil producing countries switching to Euro away from USD. China, Japan, India very uncomfortable hold too much USD as the dollar falls, Current gold production falls short of demand the shortfall was made up by CB gold sales, for the past 5 years dramatic reduction in exploration because CB were selling reserves at $250 to $300 per oz. when average production costs were over $350 per oz. Juniors were badly beaten or broke during this period, these are the sniffers, the guys that find a lot of the replacement reserves. It takes two to three years to bring new production on stream. Average life of mines going down based on current production. Also based on inflation alone gold would have to be at at the very least in excess of $800 per ounce. proportionally much the same for silver. Starting to see the picture?