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  • Struggling to lift output even with near-record prices, Chile's Codelco - the world's top copper producer (accounts for 1/3 of global supply) - was forced to buy the metal from outside sources to meet delivery contracts earlier this year. The purchases were small when measured against Codelco's total production, but imagine Saudi Arabia needing to buy crude to meet its deliveries.   [View news story]
    1/3 of the world's supply seems a bit high - reference? According to Wikipedia, they produced 11% of the world supply in 2007.
    Apr 15, 2012. 10:55 PM | Likes Like |Link to Comment
  • OCZ - The Master of SSD (Shady, Suspect, Deceitful)  [View instapost]
    From a purely technical (stock chart perspective), it was not encouraging that OCZ stock price was unable to respond positively to the analyst upgrades. Some serious technical damage has been done to the stock (now below both the 20 and 50 day mavgs), and it appears the long investors may have exhausted their buying power for now. The stock price rebounded to 50% of the sell off from the bottom (a 50% Fib retracement) and may now be dropping to retest the low. I note that 200-day moving average is about $5/share - where I would expect some strong buying support. There is now a lot of overhead resistance from folks who bought in at the $7-9 band level and are currently have a loss.
    Apr 23, 2011. 11:01 AM | Likes Like |Link to Comment
  • China Export Ban Could Sting Certain ETFs  [View article]
    The USa can and has produced all these materials in the past - we have used Chinese sources the last decade due to their cheaper nature. The "unavailble at any price" is incorrect.
    Sep 6, 2009. 10:45 PM | 1 Like Like |Link to Comment
  • FOMC Pulls Out All the Stops (Part 2)  [View article]
    Yes, the Fed is monetizing the debt (printing money). Left unchecked, this will result in a serious inflation. However, given the extremely low veloctiy of money we are experiencing world-wide at the moment, the inflationary effects may take a while, say 12-18 months, before they are felt. Also note the Fed can also reduce the money supply just as quickly as they create it (by selling back those T-bonds). Runaway inflation is not a sure-fire bet. Right now, we are in a Deflationary recession. Things are not going to turn on a dime. That said, some GLD in a portfolio is probably not a bad idea, but only as a hedge. Hard monetary assets don't "produce" or earn anything - they merely hold their inlfation-adjusted value. Yes, by all means protect (hedge) the value of your savings, but don't be looking for Gold at $3000 an ounce anytime soon. -LB
    Mar 22, 2009. 08:33 PM | 1 Like Like |Link to Comment
  • E*Trade Will Recover  [View article]
    I've been an Etrade customer since 1996 - I love the convenience of having my FDIC bank account accesible with one click! It will be a crime if the big boys manage to drive them out of business...
    Jan 18, 2008. 01:43 PM | Likes Like |Link to Comment