Monday, August 15, 2016

The Interesting Metals Story Is in Emerging Markets

September 30, 2010 by · Leave a Comment 

Jim Farrish submits:

Is it just me, or does it seem like every other headline is focused on gold? The rise to $1308 has received top billing and plenty of speculation from analysts on how high it will rise. Silver has joined the party, climbing more than 20% over the last five weeks. The base metals are equally impressive relative to gains as the commodities renew their push higher.

GLD, the SPDRs Gold Trust, has gained more than 30% since breaking above the $1000 resistance in September 2009. GDX, Market Vectors Gold Minders ETF, has gained more than 37% over the same period. Many investors are looking for comparable returns in the coming year. The base metals such as copper, steel, aluminum, platinum and others have seen similar returns, but the volatility has been pointedly greater.

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