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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (143153)	12/31/2010 4:20:52 PM
From: JimisJim	1 Recommendation Read Replies (1) \| Respond to of 206147

<I have no idea what the theoretical max production is - but I doubt if it is much higher due to the lag time to put in place the needed investment to access the more difficult supplies.> Well, that sounds like peak production is here, to me, because if price goes too high, economies tank and demand drops which is why the last "spike" didn't turn out to be a "new" price floor if you will -- the POO is unsustainable when it becomes too large wrt to personal budget expenditures. I think we've already demonstrated here that the POO is going to be wildly volatile going forward because we are at a point where demand and daily production are "kissing" repeatedly, so I would posit that we won't see the inflation adjusted POO rise gradually to $200 -- inflation/monetary adjusted -- because every time it reaches a certain point (spike?), it tanks demand. Peak production is here, IMO. Jim