I think QE to infinity is putting a bottom into all metals right now. It will take longer for the bottom to be realized in the industrial metals (Iron, copper) than it will for the precious metals.
Even precious is still getting dicked with by the government/bullion banks cartel, as evidenced by the 4 pronged raid on gold and silver today. Note the after hours jam down in the access market LoL! http://www.magyver.com/metals.htm Those are not supply and demand market forces at work LoL!
I'm strategically buying the dips in gold, silver, copper, and of course tungsten.
With QE to infinity, it will take more paper to buy anything of REAL VALUE, and sooner or later, there is just no escaping it.
Tungsten is the hardest metal and will be needed for oil and mineral exploration drill bits, processing mills, and (sadly), weaponry.
I'm also intrigued by the elevated percentages of gold and silver showing up in Malaga's latest exploration results.
I'm reluctant to call an absolute bottom, but these guys are selling all they produce and presumably can fund continued exploration from internal operations. Good to see you again old friend!
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