GMiki1

Why I Would Sell Platinum and Buy Palladium

I have heard they need to retool to change to palladium.

I think we're past peak on oil, so I wouldn't look to any reduction in price. Oil production is down in most of the countries we import from, as is U.S. production year over year.

Why I Would Sell Platinum and Buy Palladium

I agree in re palladium to some extent, but only because North American Palladium has closed its main palladium mine, waiting for $800 palladium, which they feel is not far off. But because of a deep prior price spread between platinum and palladium, many car makers switched to palladium at that time previously, only to be caught by a rise in the palladium price. Once bitten, twice shy. We didn't see the switch when platinum rose last year--I think for that reason. It may be, also, that silver is the new palladium for catalytic converters.

But the idea that car manufacturing has been down is wrong. Do you simply mean U.S. auto manufacturing? There is a large world out there and the Chinese automakers have been producing steadily--also now in India, Tata Motors. This tells us something about the oil market, too.

Northern Dynasty to Reap Benefits as Alaska Backs Minerals over Salmon

I believe the gold estimate for Pebble East and Pebble West together comes to about 87 million ounces. I've watched NAK, which I've held for a while (a long enough while to have made money on it), and have seen the company make some politically astute moves in terms of aligning themselves with people of influence andin terms of campaigning for jobs AND environmental responsibility.

Today, miners are much more environmentally careful--which I note with another holding of mine, Kalimantan Gold, which has campaigned against the use of cyanide. (I actually know these people and they are sincere and sincere in working for the citizens of Kalimantan.)

NAK has powerful interests behind it, including a big investment by Mitsubishi. Plus it's the elephant that many analysts say are no longer being found.

These NAK mines will come to fruition and make shareholders a lot of money, in my opinion. But, as I said, I do hold a number of shares.

As for Kalimantan Gold, not all that far from Grasburg, the company also has mining rights for coal in the area, a very astute move.