Our January MMI report saw almost universal price pull backs in December, but that’s to be expected in a bull market with active investors.
The monthly MetalMiner IndX showed only moderate (less than 4%) price falls, even though they were visible across almost all the sub-indexes.
The price prospects for most of the metals we track remain strong and we have already seen some renewed price increases since we initially published our sub-index reports starting on the first of the year.
The Chinese economy and the strong dollar continue to power the metals bull market… at least for now. Happy new metals year!