The past may be prologue but it's not necessarily a reliable forecasting tool
Jan 01, 2010 | 07:44 AM
|
Question: if you'd cleared space in your garage on Jan. 1, 2009, for a ton of No. 1 heavy melt scrap, a couple of hundred pounds of copper and an ounce of gold, which would have proved the smartest investment a year on?
Leave aside the fact that, in the months following the near-collapse of the financial system, it seemed no-one was buying anything, let alone "commodity" products that were in the midst of the mother of all corrections. Metal prices were still tumbling sharply a year ago, and if you'd offered producers—even many buyers—a price rebound that was half the size of the one that materialized in the spring, they'd likely have bitten your hand off.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here