Peabody Energy Corp. (BTU)
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- All Comments on BTU
- General Discussion on BTU
- Some True Safe Havens Are Still (Surprisingly) Undervalued [view article]
- Hedge Fund Tracking: Harbinger Capital (Philip Falcone) [view article]
- Hedge Fund Tracking: Atticus Capital (Timothy Barakett) [view article]
- S&P 500 Energy Stocks [view article]
- Today's True Safe Haven Investments [view article]
- Five PEG-Ratio Play Stocks for 2008 [view article]
- Put Volume Spikes While Commodity Stocks Falter [view article]
- A 360 View of Returns (July 2008) [view article]
- Coal Generates Global Strength [view article]
- Don't Burn That Coal Just Yet [view article]
- Coal and Steel Stocks Take A Hit [view article]
- Don't Bet Against Chinese Demand Growth Just Yet [view article]
loading ...Recent BTU Articles
- Hedge Fund Tracking: Harbinger Capital (Philip Falcone)
- Some True Safe Havens Are Still (Surprisingly) Undervalued
- Hedge Fund Tracking: Atticus Capital (Timothy Barakett)
- Five PEG-Ratio Play Stocks for 2008
- Today's True Safe Haven Investments
- S&P 500 Energy Stocks
- Coal Generates Global Strength
- Don't Burn That Coal Just Yet
- Put Volume Spikes While Commodity Stocks Falter
- A 360 View of Returns (July 2008)
- Full List of Articles »
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Some True Safe Havens Are Still (Surprisingly) Undervalued [view article]
Jake Huneycutt:Since day one of the noble metals used as catalyst, cost has been an issue and research have been conducted to try to reduce the usage or find replacement. So there is nothing news here. After decades of effort to thrift usage of PGM metals, progress has been slow and unreliable. For example the so called silver catalyst converter has been in research for almost two decades and it's not going any where. Auto makers must strive to make a durable catalytic converter that meets or exceeds the EPA requirement, otherwise a massive recall, if it becomes necessary, will be much much more expensive.
The article you cited clearly sounds like a propaganda piece as it puts together all pieces perceived to be bearish for platinum, without much substance in reality. My opinion is the auto industry instead of trying to supress the PGM metal prices (and hence suffocate the supply), should simply accept the higher cost, as the higher prices will encourage development of more PGM sources from lower grade minerals. A vehicle costing one or two extra grams of PGM metals in the cat converter, will have that much higher resale value consider that the recycle value of the cat converter is that much higher. So at the end of day it really does not cost more.
If I know a Nissan car has a cheaper catalyst converter containing a few less grams of platinum, I might feel I need to ask the dealer to cut my price a hundred bucks exactly for this reason!!!
You might also want to read Platinum Today's "Our Views On...", which addresses your questions:
www.platinum.matthey.c...
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fleet
Some True Safe Havens Are Still (Surprisingly) Undervalued [view article]
It's almost Xmas. Time to buy some coal for your stocking. ReplySome True Safe Havens Are Still (Surprisingly) Undervalued [view article]
Beware of gurus who say always or never. ReplySome True Safe Havens Are Still (Surprisingly) Undervalued [view article]
Thank you to Mr. Anthony for his response to my inquiry. Obviously, Mr. Anthony’s words and the failure for others to corroborate accusations made speak volumes.Mr. Anthony, you are an exceedingly bright and talented poster and your work is sincerely appreciated!
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Some True Safe Havens Are Still (Surprisingly) Undervalued [view article]
You have answered alot of my questions but u have made me raise more questions after reading your article. What is ur take on shipper stocks like drys, dsx, fro, nat, egle? Do you think they will be bullish in the near future or the opposite? Do you think they are undervalued? If they are, which one do u recommend? Hopefully u answer my questions. I will check back later. ReplySome True Safe Havens Are Still (Surprisingly) Undervalued [view article]
that is the longest article on Alpha i have ever read. Took me a while but it was well worth it. I think his analysis is not only deep and insightful but also very educational. He applies the darkhole and intrinsic value very well. Wish i can read all his other articles on alpha. Hopefully they are not as long as this one. ReplyHuneycutt
Some True Safe Havens Are Still (Surprisingly) Undervalued [view article]
Mark,I always enjoy reading your analysis, but I'm curious about your views on steps that some automakers have taken to reduce palladium + platinum consumption in catalytic converters.
blog.wired.com/cars/20...
www.nano.org.uk/news/j...
It appears that both Nissan and Ford have had some success in reducing consumption of PG metals. Reply
Some True Safe Havens Are Still (Surprisingly) Undervalued [view article]
This is a great article, well above my freshman level of investment research. I would, however, take exception to your comments about global coal demand /supply being in balance as far back as June. I would agree that domestically we may have been in balance as late as a year ago but it was then that demand for worldwide demand for met coal turned in to worldwide demand for ANY coal. Shifting policy in China, Thailand, Vietnam and other developing nations called for a reduction/elimination of exporting their own domestically produced coals while dry bulk shipping rates soared forcing worldwide shifts in buying patterns to meet growing demand in India. US coals became the swing coal winner: prices almost tripled and for the first time since 2005 producers were successfully negotiating multiyear contracts both demostically and internationally. To think that the same coal that sold for $39 per ton FOB rail car in early 2007 (the last cycle low) sold for $139 last June is unbelievable, yet accurate!Prices have recently pulled back to only a double of the highs seen in 2005 (the last cycle high) but a large percentage of US eastern production has been booked at higher prices into and through 2009 and 2010. That doesn't mean your prediction of continued deterioration in stock prices won't continue.. market psychology is an animal I am yet to understand...but given the backlog of very healthy pricing for the next 24 months I can't help but believe earnings will be exceptional. This should be particularly true of those who have a position in met coal.
Thanks for the opportunity to respond! Reply
schutte
Some True Safe Havens Are Still (Surprisingly) Undervalued [view article]
People with negative comments clearly don't understand nor even try to understand what is happening right now. Sometimes in the short run, the price of something keeps on dropping, but in the medium run, it becomes your life line (like a parachute). Replyschutte
Some True Safe Havens Are Still (Surprisingly) Undervalued [view article]
Excellent and refreshing article. Thanks ReplySome True Safe Havens Are Still (Surprisingly) Undervalued [view article]
This Marc Anthony guy has been touting PAL for quite awhile now and it has done nothing but go down. Its now pretty much a penny stock. Give it up! ReplySome True Safe Havens Are Still (Surprisingly) Undervalued [view article]
The sad truth is that there's a huge amount of manipulation going on in the commodities market. Anyone who buys physical precious metals and bullion will tell you that the cost is much higher than futures contracts or ETF's.There is a big disconnect between paper contracts and physical / tangible assets.
On August 5, 2008, two U.S. banks were short 33,805 contracts of COMEX silver - 169,025,000 ounces, an increase of more than five-fold. This is the largest such position ever held by U.S. banks. Between July 14 and August 15th, the price of COMEX silver fell from it's peak high of $19.55 to a low of $12.22 for a decline of 38%.
Unfortunately the banksters are manipulating the paper contacts for all commodities and making it impossible for traders to profit. Basic fundamentals have been thrown out the window and supply and demand means nothing in this market.
I don't know how much longer this banking cabal can keep this up, but eventually commodities will rise to their true value. I also believe that physical metals are safer than paper contracts and ETF's, but I like investing in oil and agriculture as well.
Platinum is ridiculously cheap and it's 30 times more rare than gold. You need to refine 8 to 10 tons of ore to produce one pure ounce of platinum. Can you imagine what it must cost in energy expenses to dig up all that ore and then refine all of it into one small ounce of this precious metal?
Go see if you can even buy an ounce of platinum right now. No one has any, but the price keeps dropping???
The following is a good article about mischief in the PM market: www.bearmarketinvestme... Reply
Some True Safe Havens Are Still (Surprisingly) Undervalued [view article]
jse17:The right course of action for me is to ALWAYS ignore all empty accusations. If I have to respond to all such empty and cheap personal attacks I will have no time to do my due diligence research and write good articles like this. Any one with a brain can read my article, follow the links to check out all the facts, and then make judgements for themselves. So there is no need to say anything extra to defend myself.
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Some True Safe Havens Are Still (Surprisingly) Undervalued [view article]
“This is a moron alert..Mark Anthony goes on various website equity blogs and under pseudonyms pumps or trashes those equities..his remarks, of course, are as inane as his Alpha Posts. This louse is as phony as they come..and the garbage he puts out is useless. Alpha needs to do some due diligence.”If mankind is to advance beyond statements as dinosaurs and humans co-existed, the Rule of Law, Scientific Method, and peer reviewed literature are beyond essential. Georealist’s clip appears at a minimum sincere and deserving of corroboration.
With this said, does confirming evidence exist regarding the serious charges made? Additionally, Mr. Anthony needs to address this issue in that ignoring Georealist’s accusations becomes an adoptive admission (of guilt) under universally accepted rules of evidence.
Paraphrasing, I am little more than a hack attempting to pay for two kid’s exceedingly expensive and apparently endless educational adventures. To those with expertise, help us “limiteds” to understand and potentially survive!!!!!
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Some True Safe Havens Are Still (Surprisingly) Undervalued [view article]
What about Mr Kaiser being happy to see PAL shares go to 1 dollar, and then making another offer for another 30 or 40% that cannot be refused?PAL can mine and stockpile rather than sell unhedged in the spot market, just like it did for one quarter under the previous CEO, giving Mr Kaiser a low share price. Will this be the policy of the new CEO?
Or will he opt for negotiating new hedges?
The operating word is caution, because if PAL cannot borrow, there may be another dilutive sale of equity.
In the long run, I agree that Mr Kaiser will have a very lucrative investment indeed.
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