Copper up because of USD weakness
I admit that AUR looks like decent price to value -not really much left to go after in Canada (except for IMN) unless you like the trash bin. The reality in my opinion is that the USA is doing the same it did with Japan a few years back when Japan was flooding the US with their goods. So the US basically leveled the playing field by going into huge debt and letting the currency fall without beefing up their rates -it was a "take it or leave it situation". Well the US is doing the same with Europe and China. Europe if you remember is nowadays not a big friend of the US (except the UK) so why should the US care if it has to fund its war in Iraq by devaluing itself at the EU's expence. China also will have to eventually float its currency, revalue it upward and continue to raise rates. Its just beginning. Essentially the USD is subsidising the Iraq war, and the US standard of living in the form of abnormally cheap rates -which of course helps the US consumer buy more on credit and US corporations. Eventually you will have the US revalue then metal prices will become more normal in the supply demand equation. Then of course their is gold....if the s***t his the fan.