From the Casey Newletter and Holmes is good
posted on
Apr 23, 2008 09:43AM
And Frank Holmes, CEO of the highly successful U.S. Global Investors funds, is unabashedly bullish.
?The demand side for copper is going to be very strong,? boosted by usage in China and other emerging markets, Holmes said. ?We could see $8 a pound for copper,? he predicted.
In company news, diversified Canadian miner Teck Cominco is expecting business to continue to boom. Teck CEO Don Lindsay says he expects no demand falloff, and that, ?There's more than a reasonable chance that ...our copper and coal businesses alone will generate record earnings...so the next 12 months look pretty good.?