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Gold/Mining/Energy : Rock Resources
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To: Jalarmi Anderson who wrote (159)7/15/1998 7:56:00 PM
From: the Chief  Read Replies (1) of 1996
 
Yep! We'll go thru some pain, but Sep 98 futures for copper traded as high as 76.99cUS today. That is up 5.6cUS in 6 trading days. LME reserves are dropping approximately 700 tonnes per day and copper reserves are at their lowest in 7 years + the BC gov + the property and I think we will see an "earlier" rahter than "late summer rally" as soon as the BC negotiations get in full swing.

Resources are in the toilet, no doubt, but I'd rather hold copper than GOLD, at this point, anyway!

Good post Jalarmi

the Chief
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