19.03.2009 - Merrill Lynch: Profits from silver to base metals
From Commodityonline.com: Here is Merrill Lynch's note on silver and base metals: "Merrill Lynch Global Wealth Management is switching profit made on gains in silver into industrial metals as output cuts curb supply and investors become less negative about prospects for economic growth. “We have taken some profits on the very strong performance on silver, switching into base metals,” Gary Dugan, London-based chief investment officer for Europe, the Middle East and Africa, said in an interview by phone today. “We are still underweight base metals, but we are increasing our weighting.”.... Full Article: Source
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