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


To: Fun-da-Mental#1 who wrote (4243)12/18/2006 12:19:46 AM
From: maxncompany  Read Replies (1) | Respond to of 50710
 
"The question is why are all metals down"

Because they're not. Look at these 4.

Nickel

Lead

Zinc

Uranium



To: Fun-da-Mental#1 who wrote (4243)12/18/2006 9:35:30 AM
From: redfrecknj  Respond to of 50710
 
"At the Pacorini Group warehouses in New Orleans, the 15,000 metric tons of copper that have accumulated since September are enough to wire about 7 million refrigerators and make every short-seller salivate.

``You're seeing 1,000 tons here, 1,000 tons there,'' said Mario Casciano, 40, U.S. chief executive officer of Trieste, Italy-based Pacorini. For two years, ``we used to have nothing coming in.''

bloomberg.com



To: Fun-da-Mental#1 who wrote (4243)12/19/2006 11:27:30 PM
From: zoo york  Read Replies (1) | Respond to of 50710
 
"The question is not why is gold still down. The question is why are all metals down. I think when you look at it that way the answer is pretty clear. The cycle has run its course." - ENDQUOTE

Ummm, I beg to differ...

First off, I have read this kind of analysis for several years now, and too many other intelligent people have been eager to explain to me how the chart says its all over, the commodities have peaked, gold is dead, etc, etc, etc... Been there, done that. Do you guys all work from the same program, or what?

Secondly, I would suggest that after a prolonged 25 year bear market in the case of gold, that it will take more than a 4-year rally to work through the fundamental deficits in gold production that resulted. We have yet to surpass the old highs, and on an inflation adjusted basis, have not even come close. This bull market has a long way to go yet, and as long as I continue to read so many experts that want to tell me its all over, then I know its not the time to be selling. In fact, when every bozo is fighting to get into the gold and commodities stories, and when the chat forums are all about bullish projections to the moon, then I will know its time to fold the tent and move to the sidelines. Right now, this is not even the end of the beginning.

cheers!

COACH247