RE:RE:RE:RE:RE:At Some Point Your are correct, just looked at the price. More dramatic is the warehouse decline rate as the Kitco chart shows. Maybe some hoarding going on? Looks like a giant mountain, except that the down angle looks a little steeper. Surprised how fast this is happening. If this keeps up, prices will rise faster than I expected. About 430000 tons down from last peak (around 10 months). IF this would continue at this rate, we would be around the low in 2009.
This will be a good year, next year even better. The down in the Canadian dollar really adds leverage to this rise.
Cheers
Presclubs