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Emmet Kodesh

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  • Freeport-McMoRan Offers Scope For Capital Appreciation And An Attractive Yield [View article]
    FCX resumed above ground ops Tuesday. The safety issues will be resolved. You might dig a bit more when researching: everything here has been discussed in my articles on FCX which is a fine play.
    May 30 03:01 AM | 1 Like Like |Link to Comment
  • Turquoise Hill, South Gobi And Mongolia: Reviewing Their Fit For Rio Tinto [View article]
    good points in both your posts; given your alertness to advisors you ought to read the official (wiki, harvard) Bio's on the President & some of the other links noted. Recall that Warren Zevon song about vera cruz...
    May 30 02:56 AM | Likes Like |Link to Comment
  • Turquoise Hill, South Gobi And Mongolia: Reviewing Their Fit For Rio Tinto [View article]
    Astute: other Euro nations are engaging Mongolia, something will come of it. It will be interesting to see if the relationships they seem to be forging with France, Austria or Germany go more smoothly than w RIO. Of course, OT and ovoot Tolgoi have enormous immediate value
    Look at the words of the Indian businessman I quoted in my previous on TRQ and gom.
    thanks for reading
    May 30 02:49 AM | Likes Like |Link to Comment
  • Precious Metal Investors Amid Equity Bull: Darkest Before Dawn [View article]
    goldfinger, given how the world now works, it is difficult to talk w much sureness about 10 or more years from now. All the current trends, b-lateral trading deals and plans for a gold-pegged or backed reserve system, plus continuing (& likely to continue more) retail & CB purchases should be positive long term for gold. History can be veiled, banned or distorted but not absolutely erased and its message on this is clear. The CB's are "squeezing the charmin" & fiat reality will wind up in the same place.
    Raja, thanks for the great simile & support. bd4uabdu, the outlook by 4Q 2013 at least is good. You entered or added well. Of course this sector likely will be volatile for at least another year. We are watching a remarkable game. Most of it will not end well. Thanks for reading and take care.
    May 30 02:07 AM | 1 Like Like |Link to Comment
  • Gold Price And GLD Holdings Signal A Big Change Ahead [View article]
    As the wike notes and as many long time participants in the industry have written, yes, the shares can be redeemed in 100k blocs, far beyond abilities - holdings of retail investors. I have tried to explain effects of this in several articles. It appears that the paper- physical link is breaking down which should help the sector recover, imho.
    May 29 12:03 PM | Likes Like |Link to Comment
  • Generational Lows In Barrick Gold [View article]
    Though difficult for most of us to grasp, the $16 million is trivial relative the scale of the project. The new exec-level appointments will be a key to resolution. You could look at my recent pieces on abx.
    May 29 11:55 AM | 1 Like Like |Link to Comment
  • Generational Lows In Barrick Gold [View article]
    A fine article and, I believe an accurate assessment I have been discussing in several articles that might be of interest on background and progress to date. Raja has brought useful charts and yes, the negative sentiment is extreme & has been priced in. ABX may be best value buy in commodities at current level.
    May 29 11:53 AM | Likes Like |Link to Comment
  • Generational Lows In Barrick Gold [View article]
    They will be resolved: Barrick has been moving to address them for many weeks. Their executive - level appointments and plans show that they will make this work as I have several times written. Raja has made a good assessment.
    May 29 11:51 AM | 1 Like Like |Link to Comment
  • Fears On Freeport-McMoRan Unwarranted: Big Upside Potential Remains [View article]
    You obviously are unfamiliar with my writing and views: see, "NGOs Thwart Miners: Skew Sector Outlook" and, among others, "Barrick Gold Hits Glacier..."
    You jumped to conclusions and miss the point. Check the other pieces you will see.
    May 29 12:07 AM | Likes Like |Link to Comment
  • Turquoise Hill, South Gobi And Mongolia: Reviewing Their Fit For Rio Tinto [View article]
    The article was researched, written May 22-5 (not counting previous research and writing for 5+ months) and put on the authorboard early May 26. As for GOM okaying stages like the ore concentrator, if you read the above piece carefully you will see that last week of December GOM officials gathered to praise the inauguruation of the concentrator and everything seemed set. Jan 31, 2013 the first ore concentrate was produced, -- also mentioned above --- and a few days after that Elbegdorj made an angry speech demanding a new agreement, etc. That also is clearly discussed and highlighted above as part of RIO's problems with Mongolian politics.
    May 28 12:47 PM | 1 Like Like |Link to Comment
  • Buffett's Dangerous Advice About Bonds [View article]
    Fine points by bruce, deep value and waldo, well done. These months of suppressed yields and bubble-high bond prices surely suggest underweighting fixed income and shortening duration. Despite the qe debt creation disaster, at least 1Q 2013 folks should have been nibbling at "the ski jump" market. The fiscal situation is tragic for fixed income investors and setting up seniors for pain. Though people do not invest in bonds to sell them when nav rises, the unique conditions today suggest paring down for that reason & using short term corp as a cash fund that pays something. You folks might appreciate my archive where I've been trying to make sense of these inflated markets. The reaction worldwide to hints from several Fed officials May 21-2 shows the fragility and disorder baked into the markets. take care ------
    May 28 12:35 AM | 2 Likes Like |Link to Comment
  • Chop And Unease On QE Reveal Fragility Of Bull Run [View article]
    Karo, given the size of your ira it is not unreasonable allocation at today's depressed levels. You may just need to live w volatility. Do not listen to salesmen for investing advice. Please review my recent articles on PM price behavior and fundamentals. SLW is the soundest (it is fully hedged against potential ABX problems in Chile though I believe that will proceed). KGC and IAG are strong buys at this level, among others, like SAND & PSLV. Thanks Capitol: SPPP for plat and PLG has been moving up strongly. Note that AG & EGO upon which I've written were green on red friday 5-24.
    May 27 02:10 PM | Likes Like |Link to Comment
  • Fears On Freeport-McMoRan Unwarranted: Big Upside Potential Remains [View article]
    Thanks, BlueOkie and Tom. I hope you will follow. I have several pieces on FCX and seek often to discuss the interface between markets, economies and commodities, especially PMs.
    May 27 12:56 PM | 1 Like Like |Link to Comment
  • Why Peter Grandich Is Still Telling His Wife Gold Will Hit $2,000/Oz. [View article]
    Right, it's 1984, Orwellian time. "Takedown" as Grandich says is the correct term. I also share his view that the majors w ample resource base will be strongest in the recovery. The sentiment is beyond -- or below -- negative. Any who have means to add.... would enjoy my archive for it focuses on PM sector & their relation to fundamentally unsound equity and bond markets.
    May 27 12:16 AM | Likes Like |Link to Comment
  • Chop And Unease On QE Reveal Fragility Of Bull Run [View article]
    Karo and Ken: having to listened to many explanations of the Au-Ag ratio it doesn't seem like a valuable metric: too many things in the macro fiscal and socio-economic situation have changed. However, in my view the pm's are oversold, sentiment is extremely negative and clearly markets do not function organically, not in any sector. If your means permit, add to pslv below $9. Yes, a correction in equities is coming. You might review my many articles on the indications that it is radically inflated, a "Humpty Dumpty" market. with best.....
    May 25 01:08 PM | Likes Like |Link to Comment
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