5 Sep
2011
5 Sep
'11
4:47 p.m.
There are things that make me think that a lot of this
gold/copper
rush is pure speculation.
The gold market and copper market are only slightly related. Gold
moves almost purely for economic reasons, but copper moves for more
industrial reasons.
Consider, for example, rhodium. ?Selling at about $10K
per ounce in
2008, it took a drop to $2K when the market tanked, and is
essentially still there. ?It hasn't mirrored gold at all.
Rhodium is in its own little world. There just are not all that many
rhodium investors.
--
Will