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Strategies & Market Trends : Beat The Street With SI Traders

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To: Claude Cormier who wrote (32727)	3/14/2010 1:06:54 PM
From: SwampDogg	Read Replies (5) of 233804

In general it is difficult for a metal price to maintain a level that is multiples of its cost of production over any period of time. This is why I can not be bullish on base metals over a prolonged period as too much production will come on. Gold is the only situation where it is rare enough and hard enough to find that these high margins may be maintained. Long gold/short copper seems like the trade of the next few years IMO. Copper anywhere in the high $3s looks like a great short opportunity either through the metal futures or via long dated out of the money puts on large producers that do not have gold exposure. This would be a great hedge against long gold positions and it may just work on both sides.

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