Anyone Want To Buy Copper At $10/lb?The Biggest and Boldest Commodity Prediction Made This Week
By Brian Hunt, editor in chief, DailyWealth
March 29, 2008
Greetings from Phoenix, Arizona... where you have to go pretty far to shock the crowd. But Frank Holmes sure shocked 'em...
I'm sitting in on the Casey Research Crisis & Opportunity Summit, a place you're guaranteed hear investment ideas an average investor would consider crazy. The commodity-focused team at Casey Research is full of bold, contrarian guys. In the past few days, I've heard the Casey team and their guests talk about ways to invest in North Korea, African war zones, Mongolia, and the absolute tiniest public companies you can imagine (like around $10 million).
Of course, you expect to hear out landish ideas from the investment newsletter industry... The business draws a lot characters who preferto work and travel independently rather than clock in at a mainstream investment firm, where you say what the CEO tells you to say.
But that's what made Frank Holmes' call on copper prices the most shocking of the conference...
Frankexpects copper – which has gained 400% in the past five years and nowsells for $3.75 per pound – to hit $8 to $10 in the coming years.
Frank is the CEO and chief investment officer of publicly traded U.S. Global Investors, one of the top commodity fund managers in the world. He's compiled an amazing track record in the past several years. His funds regularly rank at the head of their class by mutual fund trackers. And he's one of the go-to guys when the media needs an expert's take oncommodities... so you know he's not just trying to startle a crowd.