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Comment by
Argyllon Dec 21, 2006 10:35pm
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Uranium, zinc seen as top performers for 2007
Uranium, zinc seen as top performers for 2007
ANGELA BARNES
Globe and Mail Update
Excerpt:
Zinc is Ms. Mohr's other top pick for 2007. Inventories of zinc on the London Metal Exchange have plunged by 78 per cent since late 2005, which has pushed prices of the metal to a record $2.10 a pound on Nov. 24. “Zinc is likely to move even higher in the first half of 2007 before significant mine expansion begins to trim prices in late 2007 and in 2008,” she said.
She sees the metals and minerals retaining their leadership position among commodities, but also anticipates that precious metals, especially silver, will benefit from further weakness in the U.S. dollar.
The metal and mineral index soared to a record last month, the second record in as many months.
https://www.theglobeandmail.com/servlet/story/RTGAM.20061221.wcommodities1221/BNStory/Business/home