production & exploration

Galena Mine - Coeur d'Alene Mining District - 48 million oz

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Message: Re: Undervalued
12
Dec 27, 2009 05:02AM

I couldn't agree with you more. At some point the gold/silver ratio will be resolved. I doubt very much we'll ever see gold below $1000/oz due to the "Chinese Put" and central bank appetite for gold, along with apathy for the USD. In fact it's more likely we'll see $1500+ gold this year. Where will that put silver? I've held USA for quite a while and have been adding along the way. I think even $0.30 for USA is quite conservative with a higher silver price. SMF069


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