Quarterley Metal Report January - March
Here is an excerpt from the first Triland Metals Quarterly Report for 2008.
"Base metals witnessed some extraordinary price moves during 2007. Copper spent the year ricocheting between US$5,300 and US$8,200 with extreme volatility while nickel opened the year at US$33,000, traded as high as US$51,000 before falling all the way back to US$28,000. Zinc plummeted from the dizzy heights experienced at the end of 2006 although kept surprising the market with a number of significant upward price spikes during the retreat while lead more than doubled in price before finally succumbing to producer pressure and giving back over 30% of gains in the final quarter of 2007."
"Generally we feel the excitement caused from the involvement of hedge funds has now abated somewhat and that prices are beginning to stabilise. Certainly there appears to be more industry involvement at current price levels."
