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Gold $800.00, Silver $16.00 next target?
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<p>[QUOTE="UncleKin, post: 291001, member: 10650"]gxseries. Thanks for the link.</p><p><br /></p><p>Rono. I am bullish too.</p><p><br /></p><p><br /></p><p><br /></p><p>I had read something about this. But I am not convineced yet. China is still consuming copper and has a long way to go in infrastructure and construction. Massive thrid world population that is converting to first world conditions. They are putting in some huge dams and copper is used there as in the transmission. Copper is tied to construction of homes and buildings too. Russia is growing now too as a result of their oil reserves and sky rocketing oil exports and profits. They are getting rich and their economy is going gang busters (just paid off the last of their WWII debt a year ago in a LUMP sum payoff) and only up hill for their economy from here on out because they are not under the burden of huge interest anymore. AND they now are making huge profits from their oil and no interest to consume it. So lots of construction there too now. Kind of a 'fallout' of the war over there making oil prices go up. Russia is benefitting from it tremendously. And so I think copper is going to stay up. And of course, it is used in making copper jacketed (armor piercing) bullets - a demand there too. Anyway, that is just my 2 cents on the world outlook for copper. As Teddy said, "Bully, Bully!".[/QUOTE]</p><p><br /></p>
[QUOTE="UncleKin, post: 291001, member: 10650"]gxseries. Thanks for the link. Rono. I am bullish too. I had read something about this. But I am not convineced yet. China is still consuming copper and has a long way to go in infrastructure and construction. Massive thrid world population that is converting to first world conditions. They are putting in some huge dams and copper is used there as in the transmission. Copper is tied to construction of homes and buildings too. Russia is growing now too as a result of their oil reserves and sky rocketing oil exports and profits. They are getting rich and their economy is going gang busters (just paid off the last of their WWII debt a year ago in a LUMP sum payoff) and only up hill for their economy from here on out because they are not under the burden of huge interest anymore. AND they now are making huge profits from their oil and no interest to consume it. So lots of construction there too now. Kind of a 'fallout' of the war over there making oil prices go up. Russia is benefitting from it tremendously. And so I think copper is going to stay up. And of course, it is used in making copper jacketed (armor piercing) bullets - a demand there too. Anyway, that is just my 2 cents on the world outlook for copper. As Teddy said, "Bully, Bully!".[/QUOTE]
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