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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?


To: skinowski who wrote (386)5/3/2008 10:40:14 PM
From: Galirayo  Respond to of 3209
 
Frankly .. I don't really want the HUI or the XAU or the Group of Miners. I'd much rather pick a Miner from the Group. The Miners have an overbearing and exorbitant Extraction Cost currently with the Price of Energy eating some of their Profits. The only counterbalance there is labor and I don't think the cost of labor has decreased. So that leads me back to the Material or Metal itself.

My focus would be Copper and Silver as it has more industrial usage and Demand Factors attached to the commodity than does GOLD unless we hit that Major Inflationary Cycle with Bonds selling off a bit already and Yields on an UpSwing.

Just my 2 Cents.