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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: stevenallen who wrote (33108)12/1/2004 12:12:59 PM
From: russwinter  Read Replies (2) | Respond to of 39344
 
Bought my trading position in MNG back at 1.22.

Inventories monitored by exchanges in London, New York and
Shanghai have fallen about 85 percent this year to 130,277 tons.

LME stockpiles fell 0.3 percent to 59,775 tons, a day after
rising 1.1 percent. This is the lowest level since July 1990.

``Inventories are now so low that one could buy all the
current copper, lead, nickel and tin stocks for less than $500
million,'' said Nick Moore, analyst at ABN Amro Bank in London.