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Reply #89: End of the line for the metals rally? [View All]

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54anickel Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-02-05 02:21 PM
Response to Reply #40
89. End of the line for the metals rally?
http://www.marketwatch.com/news/story.asp?siteid=mktw&dist=moreover&guid={144D619D-EE87-4635-B387-930AA684AF1C}

SAN FRANCISCO (MarketWatch) -- Prices for most precious and industrial metals have climbed to levels they hadn't seen in years, forcing investors to consider whether the rally in the metals will soon come to an end.

Gold and silver are trading at their highest levels since 1987, while palladium's price is at a 20-month high, platinum recently reached its loftiest level in more than 25 years and copper has scaled to never-before-seen heights. See daily Metals Stocks reports.

"The global economy is steaming full-speed ahead, and it is a metal-devouring monster," said Sean Brodrick, a contributing editor to Money and Markets, Weiss Research's daily financial e-letter.

snip>

Analysts agree that the chance for volatility is extreme in the metals markets at this point. "Predicting anything when it comes to the financial markets is an exercise in futility," said Dale Doelling, chief market technician at Trends In Commodities.

But some metals possess greater potential than others at this critical juncture.

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