Since bottoming out in early 2009, the price of copper has nearly quadrupled, driven by strong demand from emerging markets, shrinking inventories and lack of new supply. The metal, which traded around US70¢ a pound through the 1990s, is now worth about US$4.50 and hit a new record earlier this week. When priced in tonnes, it recently passed the landmark level of US$10,000. LINK...
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Not only is copper breaking all-time-highs, but most other base metals AND precious metals are also, EXCEPT SILVER!
"BUY LOW -- SELL HIGH," is the plan. The confusing part is, how to determine if an investment is at it's HIGH or LOW? The fact that Silver is far below its previous highs in 1980 ($50/oz) is a clear indication that Silver is still largely undervalued, and we have much much higher to go before we see any type of a top formation in Silver. BK
