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Beware base metals optimism - stick to gold and silver for wealth protection

Posted on 26 March 2009

From Mineweb.com: Base metals have been having a reasonably good run of late - copper in particular - where some heartening Chinese figures have led to a degree of market optimism that could yet prove to be a misjudgment by the investment community.

While indeed base metals prices may have come back too far at their nadir, the fundamentals for sustained or increasing price levels do not look so good in the short term. Longer term, maybe, the impact of closures and new project delays will likely lead to shortages developing, but this may still be some way away…….Full Article: Source


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VRS - who has written 36243 posts on Opalesque Commodities Briefing.


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