Friday, February 8, 2013

$4 Copper on the Way

from Wealth Wire:
Kevin Puil thinks analysts need to be realistic when it comes to copper. The Malcolm Gissen & Associates portfolio manager points to copper’s historic levels at over $3/lb as proof that there are brighter times ahead for base metals as economies around the world continue to industrialize. On the other hand, with economic projects less abundant than they once were, supply is under severe pressure. The good news is, as Puil remarks in this Metals Report interview, there’s money to be made for investors who can pinpoint the right projects. Read on to learn who’s on Puil’s list.
The Metals Report: Kevin, base metals analysts from London to Sydney to Toronto are increasing their price outlook for copper. Do you agree with their bullish outlook for 2013?
Kevin Puil: Yes, I absolutely agree with their bullish outlook. In fact, I’ve been bullish on copper for quite some time. Although there have been many analysts purporting that the commodities cycle has run its course, I disagree.
Read More @ WealthWire.com

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