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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: goldsheet who wrote (2241)9/20/2001 12:51:29 PM
From: russwinter  Read Replies (2) | Respond to of 4051
 
<All of the base metals are at or near multiyear lows>

Obviously signaling an economic collapse is at hand. 64 cent copper, etc, etc, not too many are making money at those prices. People are also assuming (to quote Neville Chamberlain), "peace in our times". Apparently no discounting for a war (will use up material like no tomorrow), or key resource supply disruptions.

Here are LME inventory numbers. How does this look historically? Some seem quite low. Do you have prior charts on this?

aluminum 708,400 mt
copper 688,550 mt
lead 104,775 mt
nickel 16,278 mt
tin 20,595 mt
zinc 358,675 mt



To: goldsheet who wrote (2241)9/20/2001 2:48:44 PM
From: Claude Cormier  Respond to of 4051
 
<I wonder if there is something worthwhile in the sector ?>

Bob, can you guess on the size and duration of the global recession ? if so, you will know when to buy these metals.

They are always the first to rebound.

The big question is what are we going into ? A small recession, a global recession or as some suggest, an economic winter (aka. global depression). Are we gonna get hyper-inflation or hyper deflation?

CC


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