Andrew Harrington Quotes (12 Quotes)

Prices have been rarely, if ever, this high. Now is the time to make hay.

There is still strong growth potential in metals commodities in 2006 and now is the time to make hay.

People talk about stocks being relatively high in terms of the five-year averages, but it's not as rosy as those numbers suggest because the size of the economy, and therefore demand, has grown. There's still a perceived tightness in the market.

Geopolitical factors will continue to influence prices. The growth in the level of stocks might be put aside by investors as they have done over the past month if more negative news emerges from the Middle East or Venezuela.

People are already worried about supplies for the driving season, even this early on. There's going to be a price reaction if there are any signs of shortages.

The push is on for commodities and that's being led by strong demand, but the trick is in picking the end of the cycle.

There are a couple of countervailing forces in play.

The cost of producing more from mines and processing plants needs to be weighed in terms of costs when boosting production, but no mining company in its right mind would be holding back if it didn't have to.

This is the time of year when stockpiles should be rising. We're in that sort of in-between period. Winter is sort of over and summer hasn't really started.

Gold and silver were certainly benefiting from speculative money and that was never going to be sustainable.

If you've got declining gas supply and people start burning more oil, then that's one thing, and then you've also got limited supply from Iraq. Suddenly there's a bit of supply news, and a bit of demand news, and it's the combination of those two that's pushing prices up.

The fundamental picture for commodities points to continuing strong demand from consumers.