LilNev2000's Blog : Metals Markets on Fire...Where is the Hose?

Gold plowing thru new highs...silver pushing towards $19...copper back over $3...lead and zinc are both over a $1...those make most metals bulls very happy. I'm starting to wonder when the hose will be taken out to take out the current fire behind the metals.

It's interesting to see that many of the companies I mentioned earlier this year, while having a great performance in 2009, have not returned to their pre-2008 levels even at current metal prices. My thinking behind this is that the finance markets aren't back to where they were before the bank turmoil. Companies looking to advance projects at a faster pace are still finding it hard to obtain debt financing and have to go to the equity markets to raise money. The lack of bank financing is hurting the junior explorer/developer market. Banks still are holding on to capital and are afraid to take risks. When banks get back to financing projects, the junior markets will take off.....when that will happen is anyone's guess.

I'll sit back and enjoy this fire in the metals markets. Maybe I'll go down in a blaze of glory...maybe not.