Viewpoint > Russo-s-rules

Deja vu all over again

It’s not that long ago that most base metal prices were considerably lower than they are today. Back then struggling miners and brokers were competing at mining conferences to tell the audience why base metal prices were too low, and just how high the metal prices could go once the “fundamentals” took hold. Of course we wouldn’t expect them to say anything else, and a year or two on we have to acknowledge they were right.

Viewpoint > Russo-s-rules

Deja vu all over again

It’s not that long ago that most base metal prices were considerably lower than they are today. Back then struggling miners and brokers were competing at mining conferences to tell the audience why base metal prices were too low, and just how high the metal prices could go once the “fundamentals” took hold. Of course we wouldn’t expect them to say anything else, and a year or two on we have to acknowledge they were right.

Deja vu all over again

However, what I find particularly interesting, and possibly quite bullish, is how many of those very same people, seem to have already lost faith in the very rally they predicted.