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

To: Tommaso who wrote (64938)	4/26/2009 8:44:54 PM
From: carranza2	Respond to of 78410

Many of the miners shown in that report appear to have undergone short-covering, not just NGD. There's also a trend toward backwardation. If it takes place, well, you know..... caps.fool.com Chinese demand seems to driving things for the moment. Some report I've seen indicate China can produce 1,300 tons p/a. This seems exaggerated. Still, if the bulk of Chinese production goes to reserves, it seems uncharacteristically non-pragmatic for it can fill its coffers without the necessity of paying market prices.