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.''
Time to Buy? Some investors say the price decline offers a...
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Last
33.0¢ |
Change
0.005(1.54%) |
Mkt cap ! $270.0M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 35.0¢ | 33.0¢ | $3.529M | 10.42M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 464135 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 1700 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |