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Gold/Mining/Energy : Precious and Base Metal Investing
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To: Condor who wrote (36510)12/2/2005 12:47:04 PM
From: Valuepro   of 39344
 
Adjust for inflation and from the previous high in the last cycle, I believe the price of copper comes to around $2.40 per pound. Adjusted from the high in the roaring period of the late 1970's, I think the number comes to 6 or 7 dollars per pound.

If we are truly into the early years of a Super Cycle, all bets on the future top price of copper (and anything else) are off. Certainly previous highs adjusted for inflation will be breached by spot prices, though it may take some years. All IMHO, of course.
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