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

To: LoneClone who wrote (62765)1/6/2009 1:02:45 PM
From: Claude Cormier  Read Replies (1) | Respond to of 78427
 
- But I have seen very few closures or slowdowns in copper production, other than some developers putting off their plans due to financing problems. What do the decision-makers know that we don't, or are they just throwing the dice?

I don't know. It is certainly strange given that inventories of copper have been the first to build up. IMO, copper prices will eventually force some mines to shut down later in 2009 or 2010.



To: LoneClone who wrote (62765)1/6/2009 8:36:20 PM
From: loantech  Respond to of 78427
 
That will cause a drop in silver production which is bullish pricewise.



To: LoneClone who wrote (62765)1/6/2009 9:06:33 PM
From: Hugh Bett  Read Replies (2) | Respond to of 78427
 
I would think that many of the producing mines with cash are stockpiling and waiting for better prices rather then taking on the cost of a shutdown. The world probably won't end too soon so prices must go up from here.


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