> I have read about a significant shortage of Nichel starting in 2005
We are already setup for the structural "supply-demand" problem, which has already increased prices and will probably culminate in the 2005/2006 timeframe. You know why I watch base metals (GREAT indicators), and why the above is significant.
The world economy will have a significant recovery and put unbelievable demand on resources by 2007 that may not be met without huge price increases (remember inflation?) Until then, however, gold is going to piss off the goldbugs and might stay under $400 for another year, and may not see $500 until 2005, but I see $750-1000 post-2007. Record gold production (3000mt by 2010, as opposed to the dire warning of 1800mt), record cash flow and earnings, etc..
It will be glorious, but between now and then I shall be my normal unexcited self and continue pointing out pitfalls and problems. I may not be a goldbug, but I am a big gold mining industry supporter and want to see them do well in their best opportunity of the century. |
