Copper stocks are looking good if the current price action is anything to go by, though you will need to look at my commodities blog for the details - http://hot-metals.blogspot.com. Clearly with copper prices getting alot of support from institutions, we can expect copper prices to perform well as it becomes the new play thing of institutions looking for asset classes that are inversely correlated to stocks and property. Commodities are a great hedge against a falling USD, and there is no question institutions see metals going sideways. I suggest they are likely to favour food prices more, but they will hold a portfolio of both. I note that Matrix (MRX-.ASX) stock was being bought by directors at current prices.
Other metals are pretty subdued.
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Andrew Sheldon www.sheldonthinks.com
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