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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: ecrire who wrote (2797)	10/16/2006 11:29:45 AM
From: maxncompany	Respond to of 50181

US recession or not, the far greater growth in Asian metal consumption easily rules over a possible US reduction in metal consumption. Oh by the way.............metals ain't exactly hurtin'. Zinc just hit $1.80. How far over $2.00 will it get before LME officials panic over inventory depletion? There will be a battle in 2007 between copper and zinc. At what point will zinc overtake copper? It'll happen, probably in 2007, at outside, 2008. When, is the question. Supply/demand. Supply/demand. Supply/demand. That nickel intervention by LME officials? Reemember? That sucker is over $15 right now as we speak. Inventories of nickel? What inventories? When was lead last over $0.70? It is now. Who'd a thunk that after years of languishing at pathetic levels? Well, that's a big reason why it's now over $0.70. Years of shutting down unprofitable mines due to low prices. And a couple of decades worth of little to no exploration. Why explore when it's so dang near impossible to turn a property into a profitable mine? And it's all coming home to roost now, at the same time as the Asian metal consumption explosion is taking place. My, my, my.......that's why. Mines have always taken several years to get into production. They take even longer these days with ever more environmental and geopolitical concerns going on. And to top it all off, most of the easily found and near surface large deposits have already been mined!!! It doesn't take a genius to see what metals are doing, are going to do, and why. But it takes a wordsmith to keep the truth from the intentionally blind.