Global Economic Scenario looks not too bad for the minute and investors are willing to buy the US Economic Recovery story. However a word of caution as we may not have seen the worst of volatility in the currency markets yet and this is going to eight heavily on long term prospects of equity and commodity markets. Long-term investors outside the USA are wary of sudden and wild fluctuations in major currencies like Euro and Yen and this may prevent them from entering the commodity markets tin the near term. However as the year goes by currency fluctuations are likely to affect precious metals more than the base metals.
NSTL
