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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Knighty Tin who wrote (16404)7/10/2004 5:12:21 PM
From: ild  Read Replies (1) of 110194
 
#reply-20216979
Today, however, Leuthold, who runs the money management arm of institutional brokerage Weeden & Co., holds a sizable position in metals. And it's not through futures contracts -- it's the real McCoy. Leuthold has amassed tens of millions of dollars' worth of ingots of silver, palladium, copper, aluminum and other metals -- and stored them all in his or his firm's name in metals warehouses across the country. He began buying last year, as metals prices began the most recent and most dramatic stage of a rally that took copper prices to a nine-year high of $3,030 a ton and nickel prices from a low of $4,000 a ton in 1993 to nearly $18,000.

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