SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: ItsAllCyclical who wrote (41105)2/19/2013 11:36:57 AM
From: Zincman  Read Replies (1) | Respond to of 48092
 
Considering cash flows today, that would make sense. Have to wonder what environment a book would make sense to open. Cost side inflation and/or Board estimation that prices have indeed peaked for this LT cycle might well do it. However, I have not read any comments from a major that suggests they or others believe LT future pricing will not be higher, substantially higher.

Have to admit that alone raises a tad of concern simply do the the conciseness. Yet it is getting more and more difficult to support an argument for much lower future prices considering all that is going on in currency land.

Q: What development(s) would you have to see to raise your concerns about higher future prices in PM's?

tia