Continental Minerals Corp (fka KMKCF)

[Pro-Life]

+0.38% is the scorecard for the week...

[Pro-Life]

Reviewing the week: +0.39%...

[Pro-Life]

My friends, for the week: +0% (even).

[Pro-Life]

4 months of consolidation after the gapper.

[Pro-Life]

CPM Group Looks For Historically High Silver Prices For Next Decade

10 December 2010, 10:30 a.m.
By Kitco News
http://www.kitco.com/

http://www.kitco.com/reports/KitcoNews20101210AS_CPM.html

(Kitco News) - Silver prices are projected to remain at historically high levels over the next 10 years, concludes CPM Group in its 2010 edition of its “Silver Long-Term Outlook,” released Thursday by the New York commodities research and advisory firm.

The 224-page study is a comprehensive analysis of the key market fundamentals of silver that are expected to influence prices over a decade. The report contains projections for global mine production through 2019 on a mine-by-mine basis and also contains a new China section with an analysis of the silver supply and demand in a previously opaque market. CPM Group said the use of silver in China during 2009 was perhaps twice as much as had been believed.

The report also reviews uses for silver, including new fabrication demand such as solar panels, as well as investment. The report includes 10-year projections of supply, demand, and prices under a base case and two alternative scenarios.

“Strong investment demand, the single most important factor in influencing the price of the metal, is expected to keep silver prices at elevated levels during the projected period,” CPM Group said in a news release announcing the publication, which can be purchased. “Investors who view silver as a safe-haven asset are expected to continue buying large amounts of silver over the next couple of years as uncertainty regarding global economic growth, financial market instability, and volatility in major currency markets persist. As these concerns recede later in the decade, investment demand is projected to decline. Silver prices are expected to weaken alongside the decline in investment demand as the decade progresses.”

CPM Group said fabrication demand for silver is forecast to rise over the projected period, providing additional support to prices.

“Even in present economic conditions, there is strong demand for some of the products in which silver is used, including various electronic components used in a full range of consumer and industrial equipment,” CPM Group said. “Fabrication demand for silver is expected to rise further over the next few years, due to an anticipated improvement in global economic activity coupled with increased use of silver in some of its new and relatively new uses, such as solar panels, silver-zinc batteries.”

Primary silver mine production is expected to increase due to high silver prices and the relatively low cash and total operating costs, CPM Group said. Also, since much silver is produced as a byproduct of gold, copper, lead, and zinc, favorable market fundamentals and rising prices for these metals are expected to mean higher output and thus more silver as a by-product during the initial years covered by the CPM Group report. However, during the second half of the forecast period, net additions to silver mine supply are expected to decline, which CPM Group forecast to support silver prices during that time.

Meanwhile, CPM Group said silver use in China is estimated to have risen around three and a half times over the last decade, from 40.8 million ounces in 2000 to 139.2 million ounces in 2009, twice as large as many Western commentators have previously suggested. “Chinese silver fabrication demand is projected to account for nearly a fifth of global silver fabrication demand this year,” CPM Group said.

Previously, a lack of reliable statistics on silver fabrication demand and secondary recovery prevented China’s inclusion in international statistics. However, CPM said it has developed what it feels are sufficiently reliable statistics on silver fabrication demand by major industrial category and scrap recovery, relying on a network of industry associations and industrial participants in these markets.

By Allen Sykora of Kitco News; [e-mail]

[Pro-Life]

Since that big gapper back in September, just a little consolidation in a very tight range.

[Pro-Life]

And, it is doing exactly that!

[Pro-Life]

By the middle of August, this should be flying...

[Pro-Life]

8 months of being range bound... basing for the next leg???

[Pro-Life]

A growing monster...........................................................................................................................

All that growth without a barrage of news...

http://investorshub.advfn.com/boards/board.aspx?board_id=8583

The weekly view:

[Pro-Life]

Correcting here but bouncing off the MA100... watching.

[Pro-Life]

Strong like a garlic milkshake... this cannot be stopped!

[Pro-Life]

30 cents in Dec 08 and a high around 215 in 11 months... nice!

[Pro-Life]

Finally, a new i-Box made with the limited resources from HD...

[Pro-Life]

i-Box... need an i-Box!!!

[Pro-Life]

Looking good in China...

http://www.hdgold.com/kmk/NewsReleases.asp?ReportID=348001&_Type=News-Releases&_Title=Continental-Initial-Estimate-Shows-Substantial-Resources-In-Continentals-Ne...

[Pro-Life]

Wheweee... I have got to get this i-Box done...

[Pro-Life]

I need to get busy here, eh???

[Pro-Life]

Another HD company on the move -

[Pro-Life]

SEC Reporting Company CIK 0000782879

[Pro-Life]

For all headlines, click here -

http://finance.yahoo.com/q/h?s=KMKCF.OB

[Pro-Life]

A significant part of the HD family of mining entities...

[dayneyus]

Up .04 today!

[dayneyus]

It seems the Canadian exchanges depress these Jr minors.

[dayneyus]

I created this board a while back. During you change over or when i had a trial premium membership, i don't know which i was bounced off 3 or 4 of my seven boards this was one of them.