RE: Copper soars to $10,000yes there will be a cooper shortage over the next two years.... barclays, lynch .....
how many new players are digging for the resource.....the price will spike on short supply...short term, king kong at least 1 year and a half away from any production. if that ..they will miss the boat...for high prices..too bad...
there will be over supply when it comes to that time frame.....the price will drop cause market gets flooded with cooper.....do you think china will pay those inflated prices, india can't, brazil can;t, korea can't .....maybe short term..but not for too long...they can switch to aluminum in a heart beat .......same for coal, moly, steel.........they are the power house now...they control the game...even with the us dollar drifting lower.....commotities have to correct....you will see it fist in the soft comm's, wheat, sugar, cotton, soy.. , then agriculture space....the world can not sustain these inflated prices for too long......you hear of this "super cycle " garbage......the big players are selling like there no tomorrow cause they know they must take advantage / strike while the IRON is hot........ watch the drop...the world has more poor than rich.......
gold ...whatever.......there is no use......that trade is over..old news.....with all the unrest, gold has gone lower......i thought that was the safe hide out...not any more...people flocking back to us dollar for now.......
the political situ is not as stable over there...and only 60%.........a little JV.......small time..........
nice link by the way...thx
yee-haw
lets go BMO and haywood today..word is spreading like wild fire