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<p>[QUOTE=&quot;Cloudsweeper99, post: 801680, member: 3011&quot;]The most important thing I&#039;d like to point out is that high prices are not the same thing as a bubble.&nbsp; Thanks to TV business news, the word bubble is now completely misused.&nbsp; It is difficult to think about economic conditions intelligently if you imagine bubbles all over the place where they just don&#039;t exist.</p><p><br /></p><p>It is very difficult to outguess the market.&nbsp;&nbsp; It is much more likely that the current price is the correct price for now given the fundamentals combined with short term actions of speculators on both the short and long side.&nbsp; In the long run, it appears to me that current mine supply for many base metals will turn out to be insufficient.&nbsp; Maybe that&#039;s why prices are higher than you think they should be given current inventory levels.&nbsp; The users of the metals are looking out farther into the future.[/QUOTE]</p><p><br /></p>

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