last 10 years were bear market in metals… in the bull market from 2001 to 2007 tata steel used to trade at 3-4 times book now its trading at 1.2 times book… so the bigger question to ask is “are we in a metals bull market or not ?..” or simple put can america stop printing money…? today they launched huge green stimulus bill … what will all that money going to get spent on? metals…
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