“There was a lot of positioning ahead of the economic recovery and [we've] seen some amazing price gains.”
Although investors should be slightly cautious for the moment as there may be a "brief breather" coming through in the industrial metals, there will be a demand boost in 2010 with the reacceleration in the global economy, according to Widmer.
He said he is most bullish on copper and platinum , whose prices will continue to rise.
But he believes gold will not perform as strongly as other industrial metals, while fundamentals remain “exceptionally bad” for aluminum .
“Copper has seen a tight supply over several years—producers have delayed projects, cut production so you’re going to move out of the recession into an environment where demand is going up,” said Widmer.
No immediate information was available for Widmer or his firm.