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Re: just-the-facts post# 14818

Tuesday, 07/08/2008 8:18:48 AM

Tuesday, July 08, 2008 8:18:48 AM

Post# of 83049
Interesting article this morning regarding Copper...

Citi sees higher copper price on supply pinch
7 Jul, 2008, 0827 hrs IST, REUTERS

Investment bank Citi sharply increased its copper price forecasts for the next two years on Monday, citing a larger-than-expected shortfall in supplies ahead.

Citi forecast copper to average $5/lb in 2009, up from an earlier forecast of $3.50 a pound, and $5.50/lb in 2010 versus $3/lb in its previous forecast, it said in a report.


Complete Story:
http://economictimes.indiatimes.com/News/International_Business/Citi_sees_higher_copper_price_on_supply_pinch/articleshow/3204631.cms

I was looking at the Kitco graph in the Ibox. It looks like the Copper warehouse stock level is at a low point since May.
BTW, the Ibox is off kilter and a bit hard to navigate. A prior Ibox can be restored by using the "IBox Version History" at the bottom of the Editor's Box.

Good luck today to all CPRK shareholders~







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