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Strategies & Market Trends : Natural Resource Stocks

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To: Ken Reidy who wrote (3759)	11/22/2003 5:02:50 PM
From: Jim Willie CB	Read Replies (1) of 108718

yes, copper pressure may be close to ended from 95 cents to under 88 now over 89 again China has several large copper smelter facilities they are operating almost around the clock they will continue in their hefty demand I expect copper to top $1.00 in a matter of a few weeks or a couple months TKO looks like a great time to start or add to positions check out what John Myers has to say about CHina and copper: And along with their need for more roads, housing, energy...everything required for everyday survival, they're also consuming more base metals. With China's booming economy, the nation's factories are consuming 2.8 million metric tons of copper each year (and they're only producing 800,000 metric tons from the state-owned mines). China's consumption of copper was only 6% of the world in 1990. By 2010 it's predicted to be 29% or more. And that's just copper. The thriving steel industry in China is bigger than the United States and Japan combined. gold-eagle.com / jim

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