Richard (Rick) Mills
Ahead of the Herd
As a general rule, the most successful man in life is the man who has the best information
Copper’s talking up a storm…
Copper has risen to its highest levels since July 2008. Global treatment fees have tumbled as smelting capacity has outpaced mine supply.
Swiss Bank UBS had the following to say about a second round of quantitative easing (QE2) by the US. “Strong international capital flows will reinforce already powerful domestic credit creation in emerging markets (EM). That should flow through to robust, commodity-intensive growth in EM, while the developed world struggles in the face of higher commodity prices. We believe that QE2 will prolong the bull market in commodities."
Read more:
http://www.aheadoftheherd.com/Newsletter/2010/copper_talk.htm
Richard (Rick) Mills
rick@aheadoftheherd.com
www.aheadoftheherd.com
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