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

To: koan who wrote (10712)	5/7/2006 1:08:19 AM
From: jackjc	Read Replies (6) \| Respond to of 78421

When silver shot up to $50, the price only stayed there 1 day because people brought their silverware and coins into the coin shops and it took 10 yrs to use up this huge supply. I was there. Now that part of the supply is gone, but there is plenty more, and people in India have billions of ounces and they will sell some. I do not believe that silver can maintain a price much above 20, except for a temporary spike, and I will be selling if we get one. UBS says .60/lb,up from .52, is the long term price for zinc. Try financing a zinc mine based on any higher price. (Note: I believe MMGG will have a cost basis of 25c so that would be fine and extremely profitable.) I expect this projection will slowly work somewhat higher But excitement later this yr and next will give great stock prices to jr base metal stocks. Thats when you sell.