Commodities - The Coming Bull Market Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Commodities - The Coming Bull Market

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Box-By-The-Riviera™ who wrote (939)	11/25/2001 7:52:17 PM
From: craig crawford	Read Replies (2) of 1643

>> why do you think lead has performed in the way it has? << beats me. like was said before, there hasn't been much exploration for lead recently, just like with it's underground neighbor silver. the difference with silver is there are still above ground stocks that can find it's way to market. i don't think there is much lead hiding out there. it's hated. it's been removed from practically everything. no more lead in gasoline, no more lead pipes, no more lead for ammo, no more lead candles, soon no more lead solder, etc. about all it's used for is car batteries these days. perhaps the market is finally saying that lead can't be removed from much anymore so demand will stabilize with the demand for batteries. perhaps the market is saying with all this 0% financing for cars going on auto sales are going to stimulate demand. i'm no expert on this stuff but i do know that coal was in the dumps for years and was pretty despised right before it took off. most people had written it off. now people talk about zinc demand not coming back for years (pretty bearish talk) and you have even more hatred of lead than zinc. (see comment below) no one seems interested in lead while it sits at prices nearly half the depression lows. the lowest prices on record. i like the fact that lead is holding it's own while no one likes it. well it's up ytd so i guess the market likes it (if only a little). i'm sure there are other commodities that are even more bullish looking than lead, but lead is something a simple guy like me can understand. Asked if WMC may also be interested in BHP Billiton's Cannington silver, lead and zinc mine in Queensland, Mr Morgan said WMC was "less interested in lead than we are in zinc". Message 16241907

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next