For Immediate Release:
August 18, 2006
Contact: Ian Mathias, 410-864-1652, imathias@agorafinancial.com
www.dailyreckoning.com: Copper Well Positioned to Become "The Perfect Investment" Baltimore, MD: According to a recent report by a market expert, copper is quietly becoming the next high-yield investment. Over the past five years, spot prices for this versatile metal have out-paced ever-popular gold and silver buys by over 200%. And copper is just getting started. "Copper is the perfect investment right now," said James Boric yesterday in an article in the acclaimed e-letter The Daily Reckoning. "Thanks in part to rapid growth in India and China, worldwide copper demand is at an all-time high," said Boric, who is the editor of two investment advisory reports, Small-Cap Insider and Small-Cap Strategy Report, both of which focus on finding lesser-known investments destined for growth. Since 1990, demand for copper has increased almost seven fold to the current yearly consumption of over 3.4 million tons a year. "As a result, copper supplies and stockpiles have shrunk to five-year lows," said Boric, "and copper prices have skyrocketed from 75 cents a pound to as high as almost $4." Unlike other commodities, there has not been a significant new copper mine discovery in nearly 100 years. According to the Metals Economics Group, a world leader in mining industry intelligence, "worldwide, significant copper discoveries between 1998-2004 have fallen well short of what is needed to replace the copper produced." Along with other market experts, Boric believes that without new mines, demand for copper will continue to out pace supply and prices will rise. While these statistics alone make copper an attractive investment, current geo-political conditions are also pushing prices higher and higher. Recent labor disputes in Chile, one of the planet's largest producers of copper, have reduced production by 60%. Many have speculated that a prolonged strike could greatly affect the global supply. "Copper is certainly a speculative play," said Boric. "It does not have significant inherent value like gold and silver," he warned, "but at the end of the day, you still have a very bullish scenario in the copper sector. There are very finite supplies, low stockpiles and a potentially long and painful strike taking share in Chile. Prices could go higher - much higher." For Boric's full report, visit: http://dailyreckoning.com/Issues/2006/DRUS081706.html
James Boric is one of the leading small-cap analysts in the country. He is editor-in-chief of Small-Cap Strategy Report and Small-Cap Insider, as well as a frequent contributor to The Daily Reckoning. James began his finance career on Wall Street successfully picking winning stocks. Over the years he has consistently helped the average, everyday investor with little capital become wealthy. A product of Agora Financial, The Daily Reckoning is written by New York Times best-selling authors, Bill Bonner and Addison Wiggin. The Daily Reckoning is a daily, free e-letter that weaves information about the financial world, investing, and everyday life into an educational and entertaining format that has been engaging readers for over seven years. SOURCE: http://www.dailyreckoning.com ### | 
