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Thread: Future price prediction for silver & gold
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Old 09-17-2005, 10:01 PM   #6 (permalink)
Cloudsweeper99
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Join Date: May 2005
Posts: 5,242
Predictions are difficult, especially the ones about the future.

I think it is enough to develop a confidence through analysis on the direction, and the direction for silver seems to be up. Mining is a very energy intensive operation, so higher oil and gas prices drive up the break even point for the old mines.

All things considered, I think the direction is up.
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