Turquoise Hill And Rio Tinto: Are They Good For Mongolia? [View article]
The article explicity states and reiterates that there is great merit in a traditional way of life simpler than that afforded by the modern era. It states also that balancing traditional ways with everything that comes with development and "progress" is very difficult and that I hope Mongolians can manage this in a humane and satisfying way. The main points are that the alternatives to Rio are not good and that political games rarely help anyone but politicians and those who sponsor them. While I have read a great deal about the companies, their sites, the contracts, politics, etc, there always is more to learn. Perhaps other people who have greater knowledge of the situation will write on it as well.
Freeport-McMoRan: Valuation Is Too Cheap To Ignore [View article]
They did indeed take on c. $9 B in debt with the m & a; the execs also made a large pile but that doesn't mean the deal will be bad... the sector and geographic diversification should help.... if the govt & fed don't destroy the economy first.
Eric Sprott's Gold Analysis Deconstructed: What The Gold Bulls Still Don't Get [View article]
The writer is a kid at a left wing school where pc professors (almost the only kind allowed) stuff him, and all others, with all the usual bromides and baloney. Now he's on his way into the Club, spouting all the usual "rationales" as an entry ticket. sad but common: "Aye, madam, it is common."
Eric Sprott's Gold Analysis Deconstructed: What The Gold Bulls Still Don't Get [View article]
Thank you. the author makes some valid points on Eric Sprott (who is not present to rebut or elaborate) but he undermines his own views and credibility by not even mentioning that the plunge through support was catalysed by the GS short sell guidance and low ball estimate. Moreover, many of his slogans sound like a pitch for a position at a major institution or govt agency, maybe not intentioned but that is how it reads. In any case, there is no credibility to a discussion of Au value and recent behavior that does not focus considerable attention on the GS call and subsequent waterfall. If you care to read my SA pieces on this I hope they are useful.
Gold, Silver, Equities Or A Farm: Crucial Choices [View article]
Or to Rick Rule or Jim Rogers who agree re commodities; or beef with Carol Courter at the Conference Board in nyc and her team of researchers on CCI and related economic realities.
The hi - low #s for 2012 gold price/oz quoted in your opening paragraph are incorrect. Your quote of the share price of GG also is grossly incorrect. Hard to see how the editors didn't catch these glaring mistakes.
Turquoise Hill And Rio Tinto In Spotlight As Oyu Tolgoi Gets Ready To Rumble [View article]
This article was supposed to focus on TRQ. You haven't done your home work. The main issue is the Mongolian govt, its intentions, if it knows itself what they are and the upcoming election of which you seem unaware. No mention of So Gobi Resources which sheds much light on a nearly opaque situation or the nature of Oyu Tolgoi and players like EGI. You could look at Jon springer's site or articles by other writers....
Gold And Markets Married By Fiat: PM Collapse Precedes Markets [View article]
You fellows should argue with John Hathaway, Michael Pento, Jim Sinclair, John Williams and many others. Are Robert Fitzwilson, managing an investment firm for 33 years, not a pm fund, and John Williams "talking their book"? I'm looking at the #s, e.g. retail sales and PMI; also at the "permanent open market operations" and other interventions: they are fact, not someone's opinion. By all means, jump into the market: everything is fine. I provided a nuanced view. Good luck.
It is a fine article; I agree, Norman and have sought to explain in numerous pieces that this is a cyclical bull within a secular bear. There are many "jokers" built into this rise. And to Rick's point below, I agree and have worked into several titles that the main problem is from "irrational exuberance" and "euphoria" about the new highs built on liquidity/debt. Two other points: one should read John Williams on true inflation and jobless numbers; 2) investors in PMs should avoid the paper contract etfs (GLD, SLV, etc) and buy physical asset-backed. The paper vehicles facilitate gaming the system... Moreover, the index highs still are nominal highs. Look at deteriorating retail sales & PMIs.
Gold's Crash, Europe's Woes Signal Global Decline: Companies To Watch [View article]
As I noted briefly toward the end of the piece, there is enormous and increasing demand for precious metals among Asian (& not only Asian) CB's and individuals West and East. The volumes are high & rising with inventory shortages and Au selling at premiums in Hong Kong and Shanghai which now have their own exchange. This is part of the multi-faceted shifting of wealth from west to east I've described many times. It also, as noted in last paragraph above, sets up potential good landing via the new currency - basket backed by Au described by OMFIF. Check the link or search it directly.
Andrew Maguire who used to monitor LBMA reported Friday that in March China bought 283 tons Au, the first 8 days of April 117 tons and on Friday after GS called for collapse and short-selling (paper), they bought another 20 tons. 500 tons worth of paper sold Friday. It would be interesting to see avi at a round table with Michael Pento, Eric Sprott and Jim Sinclair and see how long they would sit quietly while the genius expounds his theory & 'demonstrates' to them that they are fools. Sprott just initiated a joint venture w China gold mining giant Zijin for a $500 mn facility to trade PM and minerals.
Comex Gold Inventories Collapse By Largest Amount Ever On Record [View article]
You all should read my discussions on the Cyprus matter. I began explaining at its first announcement that it is indeed the "template" going fwd and other Western banks already have similar bail-in provisions on the books, e.g. CN and NZ.
Freeport McMoRan's Acquisitions And Prospects Grow [View article]
Thanks, stonebluff. You probably have seen that PXP holders have formally approved the acquisition perhaps helped by today's sweetening of the pot. FCX should be strong going forward helped by the resource and geographic diversification.
Turquoise Hill And Rio Tinto: Are They Good For Mongolia? [View article]
The main points are that the alternatives to Rio are not good and that political games rarely help anyone but politicians and those who sponsor them.
While I have read a great deal about the companies, their sites, the contracts, politics, etc, there always is more to learn. Perhaps other people who have greater knowledge of the situation will write on it as well.
Freeport-McMoRan: Valuation Is Too Cheap To Ignore [View article]
Eric Sprott's Gold Analysis Deconstructed: What The Gold Bulls Still Don't Get [View article]
Eric Sprott's Gold Analysis Deconstructed: What The Gold Bulls Still Don't Get [View article]
Don't Get Caught Up In Panic Selling And Capitulation In Precious Metals [View article]
Gold, Silver, Equities Or A Farm: Crucial Choices [View article]
Gold, Silver, Equities Or A Farm: Crucial Choices [View article]
3 Reasons To Consider Goldcorp Now [View article]
Your quote of the share price of GG also is grossly incorrect. Hard to see how the editors didn't catch these glaring mistakes.
Turquoise Hill And Rio Tinto In Spotlight As Oyu Tolgoi Gets Ready To Rumble [View article]
You could look at Jon springer's site or articles by other writers....
Gold And Markets Married By Fiat: PM Collapse Precedes Markets [View article]
New S&P 500 Price Target: 2001 [View article]
Gold's Crash, Europe's Woes Signal Global Decline: Companies To Watch [View article]
Are You A Scared Silver Investor? [View article]
Andrew Maguire who used to monitor LBMA reported Friday that in March China bought 283 tons Au, the first 8 days of April 117 tons and on Friday after GS called for collapse and short-selling (paper), they bought another 20 tons. 500 tons worth of paper sold Friday.
It would be interesting to see avi at a round table with Michael Pento, Eric Sprott and Jim Sinclair and see how long they would sit quietly while the genius expounds his theory & 'demonstrates' to them that they are fools.
Sprott just initiated a joint venture w China gold mining giant Zijin for a $500 mn facility to trade PM and minerals.
Comex Gold Inventories Collapse By Largest Amount Ever On Record [View article]
Freeport McMoRan's Acquisitions And Prospects Grow [View article]