InvestorsHub Logo

investorvest

07/18/06 12:52 AM

#1198 RE: Fishpert #1197

Fishpert, that's ok short term stuff. I look to years ahead and see the demand equation bringing prices to historical highs again and beyond. Non-renewable resources do not follow a quirky price pattern, but reflect demand most strongly, except perhaps in gold and silver. If metals prices fell back to recent support levels that's ok, it will still be almost double or more of 5 years ago. The prices should never return there, unless a new, giant source of Copper, aluminum, moly, gold, silver, ect. is found. Not likely. Some word is the ocean may be a source of gold, but not economic yet. Word is there are giant reserves of metals on the ocean floor, or deep within unexplored mountains and dry rivers, not feasible or found yet. Some extra reserves are recovered from prior mines that were worked out, because new technology allows more recovery from ore, where they could not before. Check out Anglogold, and Durban Deep, and some others, who are using this new recovery technology on old mines and discarded ore. The Economists can determine the equation, but I know consumption is not decreasing, at least for the long-term. Good-luck in the short term trade.