Tuesday, May 13, 2008
something to think about
the global infrastructure story and the commodities story really seems to have multi-year legs. prices for gold, copper and molybdemum are quite firm due to strong demand and tight supply. i don't see this changing anytime soon, especially with the tragic news in china where it is estimated that 80% of the buildings collapsed in the region that was hit by the earthquake on monday. but it's more than just one area of the world that needs rebuilding. infrastructure-building is happening all over the world at record levels, and the supply of materials is hard to get. because of this dynamic, keep looking at fcx, etc.