Looking good for metals/commodities ( note that moly leads the list ):
"In November, Scotiabank's Commodity Price Index climbed 23.9% above a year earlier - with 2004 the third consecutive year of double-digit gains that have totalled 66% since the cyclical bottom in October 2001. Those commodities covered by the Index with the largest percentage price gains from January through November 2004 were molybdenum (up 105% year-over-year), cobalt (84%), lumber (47%), lead (42%), uranium (35%), copper (34.8%), and light (32%) & heavy (27.5%) crude oil.
"The 'bull market' in commodities is expected to continue at least through the first half of 2005, with Canadian resource producers and investors enjoying further significant price increases for hard coking coal, iron ore, uranium and pulp & paper," said Patricia Mohr, Vice-President and commodities specialist, Scotia Economics."
biz.yahoo.com |
