Aluminum’s path to the bottom, are we there yet?

- October 30th, 2008

Aluminum Investing News reports aluminum prices have fallen with the commodity prices falling due to the global economic crisis. Aluminum companies are taking the brunt of the hit with the metal at a three-year low at around 87 cents per pound. Even gold, traditionally a safe haven in times of economic uncertainty, fell below US$700 per ounce last … Continued

Aluminum Investing News reports aluminum prices have fallen with the commodity prices falling due to the global economic crisis.

Aluminum companies are taking the brunt of the hit with the metal at a three-year low at around 87 cents per pound. Even gold, traditionally a safe haven in times of economic uncertainty, fell below US$700 per ounce last week, for the first time in more than a year. To be optimistic, we must note that even though the current conditions are dire, the seeds are being sowed for another big rally in the metals.

 

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