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Gold/Mining/Energy : Copper - analysis
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To: Robert Douglas who wrote (232)1/5/2001 6:26:47 AM
From: tyc:>  Read Replies (2) of 2131
 
Robert, did you read the final sentence of the report that Stephen posted ?

``It's not new metal, it's just being relocated to LME-
monitored stockpiles from other warehouses,'' Bhar said.

The short term outlook has deteriorated; there is no argument. However, perhaps the slowing of consumer demand and the need for further stimulus, will see an increase in infrastructure expenditures; particularly in the provision of electric power generation.

Would you consider shorting the metal here, or do you simply see little prospect of price increases in the short term ?
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