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Strategies & Market Trends : Ride the Tiger with CD
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To: robnhood who wrote (66058)11/11/2006 4:05:50 PM
From: Gib Bogle  Read Replies (2) of 312921
 
Base metal prices may have peaked (e.g. Cu) or be close (e.g. Ni) but that doesn't mean that the mining stocks have peaked. Also I think it's very hard to argue that zinc, for example, has peaked. In the long run there is no doubt that metal prices will fall to the marginal cost of production, but the big question is how long will that take.
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