By the end of 2008, the world of metals experienced one of its most volatile years ever, and investors and speculators are wondering what to do going forward. Fortunately, the future for metals is not that hard to see. The long-term picture looks bullish due to fundamentals and the likely monetary and political climate in 2009 and 2010. Metals analyst David Morgan, editor of the Morgan Report, concurs and expects the coming years to generally mirror the bullish years of 2002-2008. Base metals had a robust market heading into the summer of 2008. At first the price dips smacked of the usual seasonality because summer is a slow season for commodities in general and a correction usually hits. Looking at the prospects for base metals prices going forward will boil down to two primary drivers that also propelled precious metals: classic supply and demand and monetary considerations.
CAN METALS BE STRONG IN GOOD TIMES AND BAD? Paul Mladjenovic Futures; May 2009; 38, 5; Docstoc pg. 22 Reproduced wi
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