Time to Buy?
Some investors say the price decline offers a buying opportunity for some metals.
HSBC Holdings Plc estimated last month about $100 billion will be invested in commodity indexes by the end of 2006, compared with $10 billion at the end of 2003.
``This is not the end of the commodities rally,'' said Michael Widmer, an analyst at Macquarie Bank Ltd. in London. ``The fundamentals for most commodities, such as gold, are strong.''
Moore of Dunvegan, who sold some shares of the StreetTracks Gold Trust exchange-traded fund as the metal was rising to a 26- year high, said he's considering buying metals.
``We're more interested in gold and metals generally,'' Moore said. ``There's still a bull run in gold, and the money will be back.''
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21.0¢ |
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Mkt cap ! $171.7M |
Open | High | Low | Value | Volume |
20.5¢ | 21.0¢ | 20.0¢ | $2.213M | 10.76M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 361025 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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21.0¢ | 1595913 | 23 |
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No. | Vol. | Price($) |
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1 | 3415 | 0.205 |
11 | 617313 | 0.200 |
8 | 510230 | 0.195 |
16 | 781665 | 0.190 |
11 | 483620 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 1335055 | 20 |
0.215 | 984108 | 10 |
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0.230 | 251538 | 10 |
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