If you building a house, What would you need?
Iron, Cement, Mason, Laborers and money
Once the construction is complete, what would you need?
Copper, Zinc and Aluminium for electrical appliances and wiring
Plastic pipes etc,. made from a crude oil base
Nickel
Like us, millions of people around the world build homes every year
So there is an apparent demand for minerals, metals and rare earth minerals
The demand for these goods is reported under
Wholsesale price index, Housing Index
In United States, every Friday a report that carries housing permits to build, renovate is issued
Traders keep a track of these reports in order to know
The demand for metals and minerals and flow of US dollars towards these goods
Gold, Diamond and Copper from Australia, South Africa and Latin American countries would be bought
The outflow of US dollar is calculated so as to predict the concurring value
So when it comes to India, we don't have these metals in abundant quantity
And so INR get converted into respective country's currencies and the buying takes place
INR value decreases
It is important to be ahead of the news,
If there is a sudden surge in demand for copper
Australian Dollar increases in value
The countries which export copper will see an increase in their currency value
Keep a record of the minerals available in different countries and their rate
If you can forecast the prices for the upcoming month, it would be great
A jackpot lies ahead for you
Thank you
