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  • A Critical Day for Commodities: Wheat, Aluminum and Copper  [View article]
    Oh, IPI, not mentioned above in the Ag commentary, Their last quarterly had a commentary by their CEO who believes that softness can occur for a limited time but expects sales to be robust in 2009 overall. IPI is a pure play Potash/Potassium fertilizers. IMO
    Dec 07 05:41 am |Rating: 0 0 |Link to Comment
  • A Critical Day for Commodities: Wheat, Aluminum and Copper  [View article]
    Watch inventories at the LME, London Metals Exchange.
    In January of 09, they were close to 100 tons, now copper inventories are close to 300 tons.

    I expect that as mines shut down, the inventory will drop slowly but any big drawdown can only be attributed to buying in quantity from the Asian Big boys. This would be a good signal to buy the copper producers.

    IMHO
    Dec 07 05:37 am |Rating: 0 0 |Link to Comment
  • Recent World Events Are Bullish for Metals [View article]
    Palladium has been following platinum, this week it held ground and even moved up as platinum barely budged. I was wondering why, thanks for the answer.

    Eskom was supposed to have a pebble reactor on line by 2011, has it been scratched?

    Blame everything on the internet. Without it, under/undeveloped countries would not have a clue of what they are missing. They want everything and they want it now.

    The US USED to be 40% of the World's GDP, it is now 20% but still uses about 25% of oil consumption. The rest of the world is subsidizing our consumption.

    Next year, Gazprom stops accepting US dollars. This quarters non oil, non financial earnings in the S&P will drop dramatically. Stronger dollar has its consequences on the bottom line.

    Meanwhile, the fiction that the US dollar has caused a dramatic increase in everything will also be removed.

    Supply/demand rules regardless of what the dollar does.
    Jun 15 02:44 am |Rating: 0 0 |Link to Comment
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