All That Glitters Is Not Gold: Demand, Supply and the Price of Copper
Bob Johnson submits:I hope to present this article in three parts. Part I, below, gives a global view of the near term and intermediate term demand, supply and price of copper. Part II of this article will cover ways to invest in copper, including NYSE listed US miners FCX, SCCO and the foreign firms traded there BHP and RIO. Part III will look at other stocks and investment opportunities such as copper EFTs and ETNs and futures and future options. O hell! What have we here? A carrion Death, within whose empty eye there is a written scroll! I'll read the writing, All that glitters is not gold. So said the Bard, William Shakespeare, through his character Morocco in The Merchant of Venice, 1596. The skull with the aforementioned scroll in its eye socket was no doubt that of a young man seeking his fortune. I believe what Shakespeare was saying is that not all is what it appears to be. That is certainly true when it comes to metals, their suppliers, consumers, investors and speculators. Though something glitters, as it has its day in the sun, it may not have the hoped for value in the long run. This is most often true about gold, silver and platinum, to name three precious metals and also the base metals, led by the red metal, copper. Like gold, copper has been sought after by man for 10,000 years. It is scarce and valuable, but much more prevalent than gold. It is also muchComplete Story »
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