schminkie

Looking for Opportunities in an Irrational Market Place

dryship has a substantial investment in ocean oil drilling rigs.

The Brightest Stars in the Commodities Boom, Part Two

cool stuff esp the facts on chinese weddings. these are the things that one needs to know.

wouldn't it be a better idea to buy miners who dig up cobalt than corps that use it? and don't certain major iron and coal miners come up with it almost as a by product or coincidental product 'find' in the course of work?

i still like met coal. for the time being steel has no broadly used alternative. buy dips. sells spikes. make money. don't be bitter.

per dry bulk. i keep asking appropriate parties why loading, unloading and transporting - land, sea - coal is so stuck in the past technologically. no answers yet. however the price 'warnings' mentioned by m.a. are appropriate. companies bid and are frequently happy to take what they can get as opposed to what the wall st journal says they should get. do you ever pick up the phone and talk to these guys? time is money.

ps. congrats on your grammies, m.a.

Coal Stocks: Where to From Here?

global growth is not dead. rather it is the big story of the 21st century thus far. 'players' in coal iron ore shipping steel etc are expanding and accelerating operations. ore revenues will be calculated retroactively to april first. associated revenues will likely reflect this during this quarter or the next. watching each tremor in the baltic index or the daily machinations of the nyse are good for trading. anr went up then way down then way back into the black all in one day, today. in the long run however, unless you see the building of industry, trade and infrastructure in china and india [3 billion people or so?] plus vietnam, indonesia... are going to flame out soon, hang in with these shares. is that what you think?

what i can gather is that there are complications and misinterpretations among analysts; you know, those guys working for the companies that are crashing with 10s of billions of debt. out and out lying and posturing and pissing contests seem to be pretty typical. meanwhile the heavy players are taking advantage of this growth and of the weak dollar buying companies as fast as my mother at a bergdorf goodman 2 for 1 sale.

i own anr sid rio, for examples, and will buy more on dips holding on through sector swings. watch the naysayers and then look at what's going on via objective sources. fyi. be careful about 'big news scoops' on coal. it is often old news; info i knew months ago.

Commodities Are Taken to the Woodshed - What's the Game Plan?

last i read the supplies of thermal coal were hitting rock bottom at u.s. electric power plants and the shortage of metallurgical coal for coke/steel production gave producers a strangle hold on the steel industry, sky high prices. demand is well beyond supply to a point that a 'slow down' in china would barely put a dent in the situation. minus export, the demand for fundamental substances for building
infrastructure alone will support the coal industry, iron ore industry, etc. the amelioration of weather related damage in australia and the end of ore negotiations between bhp billiton and chinese steel mills will not lessen but instead will bake in and stabilize the doubled [+/-] prices. the long term power disaster in south africa is awful yet does not deter investment by arcelor mittal et al.

for the short run i suppose dips spurts and corrections are important plays in commodities. but in the long, run even the so-called slow downs and price barriers and macro- economic concerns will bow to the strength of what is essentially an industrial revolution; an economic movement of historic [literally] proportions.

much chatter about lower exports from china. more important is the lower exports of these commodities from the likes of indonesia, vietnam and india. given the choice between selling them at record profits or retaining them [gov't policy, tariffs] to use for their own infrastructures, it seems for now that local investment rules.

personally i like dry bulk shipping, brazilian iron/steel industries and met coal miners. i am fairly giddy at the prospect of taking substantial gains and buying back in way lower.

f.y.i: in my readings [foreign press, trade papers, gov't positions and studies] i find that fear of an american slow down etc. is often lip service and that more than one of these source expresses no fear whatsoever. i think there is schadenfreude at work to wit, many nations are happy to delink from the u.s. and it's tsuris as much as is possible.