Explor Resources Inc. (fka EXSFF)

[Gregory_]

As expected, supply increases appear to be negligible this year. Nevertheless, I will be watching forecasts for 2014 and 2015 closely. I saw one report indicating that supply will increase until 2017.

The negligible increase makes me more bullish on gold/silver stocks.

From Kitco:
News Release Link

"Rohit Savant, a senior commodities analyst with the consultancy CPM Group, said he sees gold-mine supply rising 4.3% from 80.5 million ounces to 83.9 million ounces in 2013."

"Bart Melek, director of commodity strategy with TD Securities, also forecast rising gold-mine supply in 2013. Melek said believes supply will grow by roughly 1.5% this year mainly from projects in Ontario, Indonesia and the Dominican Republic, coupled with miners trying to control cash costs."

"'I factor it in (South Africa),' Melek said. 'You can’t predict natural disasters or labor strikes when and where but there is a fairly decent rate of these events that happen randomly. Out of a huge sample, you can always distinguish a rate.'"