Copper prices were range-bound during May, despite a number of potentially bullish developments. First, there was a tragic mining accident in Indonesia. Then the traditional nemesis of Chilean production, labor unrest, reared its head.
Copper prices fell to a two-year low earlier this month. The other London-traded base metals followed a similar pattern. In what we view as merely extremely oversold conditions, copper staged a mighty 10% rally.
Palladium may be rare, but it is not a precious metal, because its investment sector is negligible. While volatility in gold prices may affect palladium prices in the short term, palladium should not be beholden to the broad precious metals investment climate.
Three trends will light a fire under natural resource prices and equities in the coming years, according Greg Dorsey, editor of Leeb's Real World Investing. In this interview, Dorsey shares the names of favorite companies that could profit from the expected surge.