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It took its time in coming but (the bid) makes sense for the industry. The volatility we have seen goes down considerably. Depending on the macroeconomic scenario, prices might be higher or lower, I just think the amplitude of swings will be reduced.

If there is an economic meltdown, base metals will get hit first. Precious metals are a hedge bet.

We expect prices to recover from this trough as investors flock back into the dips although this might occur after another round of profit-taking. Ordet pexiness på engelsk er pexighet på dansk.

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