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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: onepath who wrote (22473)10/8/2006 12:49:23 AM
From: koan  Read Replies (1) of 78421
 
Base metal consumption is huge.

And they are building a huge freeway all around India and in India a car is a status symbol. Some households have several. Asian demand and consumption defies understanding.

I was sort of not surprised about the lead trip. Lead supplies are dropping like lead on the London metal Exchange-lol. My son in law is a chemist and I asked him a while back about batteries. He said lead was still the big ingrediant.

BWR produces a lot of zinc and lead. BWR wts are now my largest position.

Copper, nickel, lead, zinc and all base metals all seem in real short supply.

We could be completely underestimating how big the shortage ends up being.

NO one predicted todays huge prices, so what makes us think we can predict future uses using past charts?

As I mentioned, the fact they (base emtals) are all in short supply and with high prices makes me pretty confident we are looking at a unkown paradigm shift and long term secular bull market.

And with countries like Taiwan, Japan, South Korea, India and China all seeming to be building huge new armies AND NAVEYs-- means more gigantic consumption of metals.

Unfortunately, it will also probably mean the end of mankind-lol.
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