Are Specialty Metals Next in the Super Cycle

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Fri, Apr 30, 2010
Other Editorial
Post by Anne Bagchi, Moly Researcher

Kitco.com reported on Are Specialty Metals Next in the Super Cycle:

In the past few months we have seen how the rising precious and base metal prices have positively affected the future of several well known mining companies. Some of these companies were scrambling to save themselves as profits disappeared and unsustainable debt dragged them down. It appeared as if they would be seeking bankruptcy protection. What a difference a few weeks makes, some of these companies are now returning 2 to 9 times their money for those contrarians that bet on a sustained rise in metal prices. “We are now in the tenth month of the second leg of the super bull market in metals which should be sustained for at least three more years before a major correction.”

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