GREY:LBEFF - Post by User
Comment by
loverguy_nr1on Aug 25, 2006 8:43pm
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Post# 11275744
RE: Right country, right product, underground
RE: Right country, right product, undergroundI really loved that articel. The end particulary.
Silver remains bullish on gold because he believes that gold prices can’t go back to a mean any more. Large purchasers such as central banks, ETFs, and hedge funds are shattering traditional forecasting techniques for gold prices, the minerals economist suggested. Meanwhile, newsletter writers and gold pundits all seem to agree that gold prices are going to continue to rise, he added. Is gold at the top of the cycle? “No,” Silver responded.
Since International Royalty Company depends on royalties generated by Voisey’s Bay in Labrador Canada, Silver keeps close tabs on the nickel markets. Like other analysts, Silver believes the world is “slowly running out of nickel” and that nickel supplies are “out of whack.” He believes nickel will stay high and there is no reason for prices to come down.