Hi James,
Never closed over 7 dollars? Please see 2 year chart below. It did .
Can the price ever get back to that level? With the hints of more nickel, the games we've seen, the fact that ONLY DE1 (which was in the original estimate), is being factored into an equation is being presented.. the answer is ....we don't know. But, IMO I believe so.
My gut is telling me that with hyperinflation and Jim Sinclairs comment of everthing will go up as people get rid of their dollars has me thinking that commodities will do very well. When we ADD IN the value for ALL the other goods FOUND(remember the very marketable chromite comment) and the stuffdrilled but not reported yet. I feel optimistic.