Post by
throughmud on Mar 17, 2011 1:12pm
Metal prices and UMJ
Metal prices trended substantially down following the terrible tragedy in Japan of last week. I see that base metals (esp Ni and Cu, of interest to UMJ holders) are starting to recover, perhaps in part as recognition of the need to rebuild the infrastructure of Japan in the months and years to come. PGM prices are lagging a bit, however: Japan's automobile manufacturing sector seems to have been impacted by the earthquake and tsunami. Platinum and palladium are used in catalytic converters.
mud
Comment by
lonecrow on Mar 17, 2011 2:27pm
Whenever there is massive destruction there is always a need to rebuild. That rebuilding phase will create demand. This is the dip before the spike. PS yes Inspiration is averaging down, but they won't be able to for long, because this stock is heading north pretty fast the rest of this year.
Comment by
capiche on Mar 18, 2011 12:34pm
True, every day less people are willing to sell at these pricesWednesday insider (ISM) bought 25,000 and yesterday only 15,000. They will have to up the bid to get their desired shares