I think an interesting period in history to reffer to is the US...

I think an interesting period in history to reffer to is the US recession in the 70's and teh development and industrialisation of japn during that period. these two events occuring simultaneously actually saw base metal prices increasing based on real demand and not as an anti-inflation hedge. Applying that today we are in a similar position except this time its teh industrialisation of the biggest country in the world thus demand for metals SHOULD remain even amidst a US recession. Interesting part is that recessions end and so when the US economy turns around and world wide consumer demand increases and developing nations continue to develop then we have the next leg up so your call OLY of 2010 - 2011 i tend to agree with although thinking benhind how i come to that time period differs