MIM - Metal prices

  1. 3,567 Posts.
    Just an idea but with the US likely to cut interest rates again this could really give the economy a kick in the pants.

    With gold on the up, coking coal strong anbd recent copper production cuts MIM looks to benefit the most.

    Currency remains a concern but the aussie battler is still battling.

    Merrill have a price target >$1.60 which makes current prices look attractive.

    I just bought some on the hope of a further rate cut in the states.

    Cheers,
    Munch.
 
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