no buying support, page-7

Interesting how Economics 101 (supply and demand elasticity) deems that as LME goes up PON should go down. Back a few years (before the 06-07 manipulation) i realised this "law" doesn't hold with some commodities. The most dramatic example is the recent drop in PON. If you look at the Kitco charts, PON has dropped from $25 to $13, yet MCR sp dropped (Aug subprime) but has since rebound to near it's high. So has JBM, IGO, SMY etc. Obviously there is expectation that PON and demand will go up. It's a patiencent rewarding hold (since 2001 actually)..patience being the key