The Rising Influence of Rising Affluence

[jbog]

I wouldn't make any decisions relying on the storage houses. The only purpose they offer is to let the financial crooks meet up with the commodity crooks.

All commodities go up and down so if you're a buyer eventually there would be a profitable exit point so I would suspect you could lose time rather than money at this point.

There's plenty of copper today and there will be plenty for generations to come.

Now the good and the bad. Close to 50% of our copper use is for the construction/housing group. China isn't building squat for the foreseeable future and EU will be in a recession before Christmas. Copper is one of the easiest metals to recycle and actually is responsible for about 35% of the worlds yearly usage. During any recession the junk yards will get filled with people selling copper to put food on their table.

Lithium is good at this point, not so for copper.

As far as the next metal to bounce do some research on what Russia and China can withhold from the world. We haven't been playing nice lately.