lpet2

Coeur d'Alene Mines: Compelling Silver Investment

Silver wink_ I have heard it said many times that in calculating the demand figures they simply add every thing up (understanding the demand figures are all rough estimates) and put in the figure for implied investment that is needed to make demand equal to supply. As far as the Silver ETF investment exceeding reported implied demand for a given year, It would be assumed (I supose) that investment silver from other sources would have been moved into the ETF.

Coeur d'Alene Mines: Compelling Silver Investment

As well noted in the above comment, CDE management has a credibility problem. This along with heavy investment costs has encouraged massive short selling. This will all change if projects coming on line meet expectations. The Author failed to mention the Kensington gold mine that will likely come on line late next year. That will boost total gold production to well above 200,000 oz annually assuming that Palmarejo is producing at the expected rate. With low cost per ounce and solid reserves for both the gold and silver, CDE has the potential to excel in comparison to peers.

The Brightest Stars in the Commodities Boom, Part I

MA, you would be more believable if a few more seconds were spent on looking up facts: "It has been estimated that, worldwide, the total amount of gold ever mined is 152,000 metric tons". It would all fit in a small high school gym.