Recently, Goldman is placing a bet that COPPER will fall to $3.
However, their long term outlook for copper is very bullish.
Citi believes that commodities will rise to 2007 levels soon.
I am predicting that Aluminum will rise to $1.20 this year.
Supply is limited as they are tied up in the contango.
Some are keeping aluminum in storage to sell forward. Aluminum is going to be an expensive metal soon as energy prices keep increasing. If OIL goes to $100, aluminum will be highly expensive, and these contango are betting on that.
Copper is also a good play stock, though analyst believe that the current demand for copper is not sustainable. However, aluminum demand should remain high as aluminum is used in all transportation.
However, their long term outlook for copper is very bullish.
Citi believes that commodities will rise to 2007 levels soon.
I am predicting that Aluminum will rise to $1.20 this year.
Supply is limited as they are tied up in the contango.
Some are keeping aluminum in storage to sell forward. Aluminum is going to be an expensive metal soon as energy prices keep increasing. If OIL goes to $100, aluminum will be highly expensive, and these contango are betting on that.
Copper is also a good play stock, though analyst believe that the current demand for copper is not sustainable. However, aluminum demand should remain high as aluminum is used in all transportation.