Seraphim Blentzas's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.com/user/939972/comments http://seekingalpha.com/article/1089691/comments?source=feed#comment-13212901 13212901 Nokia and RIM can't merge because Nokia would have to abandon windows operating system. Microsoft gives Nokia $1 billion every year for that priviledge.]]> Wed, 02 Jan 2013 08:25:53 -0500 Nokia and RIM can't merge because Nokia would have to abandon windows operating system. Microsoft gives Nokia $1 billion every year for that priviledge.]]> http://seekingalpha.com/article/891781/comments?source=feed#comment-10760971 10760971 Coca Cola China sales grew 2% last quarter down 7% q2q.
Coca Cola needs to diversify much like Pepsi has with gatorade and tropicana, that would enable it to widen its partnership base with beverage distributors.]]> Mon, 22 Oct 2012 07:16:59 -0400 Coca Cola China sales grew 2% last quarter down 7% q2q.
Coca Cola needs to diversify much like Pepsi has with gatorade and tropicana, that would enable it to widen its partnership base with beverage distributors.]]> http://seekingalpha.com/article/742511/comments?source=feed#comment-7795301 7795301 Thu, 26 Jul 2012 12:46:58 -0400 http://seekingalpha.com/article/400731/comments?source=feed#comment-3197181 3197181 Production cost of sales +17.7% in 2011 to under $600 comparable to Newmont, Polyus.
Kinross wasn't the only company to have a writedown in 4Q 2011. Newmont did too in the amount of $1.6 billion.
I also like Agnico-Eagle Mines because though it took on a writedown Meadowbank's high cost nature is dealt with.
Favorite gold mining stock is Eldorado Gold because of its very low cash costs, and that in 2011 it realized higher profit growth than revenue growth which is rare.
http://bit.ly/wxbEDM]]> Mon, 05 Mar 2012 16:48:33 -0500 Production cost of sales +17.7% in 2011 to under $600 comparable to Newmont, Polyus.
Kinross wasn't the only company to have a writedown in 4Q 2011. Newmont did too in the amount of $1.6 billion.
I also like Agnico-Eagle Mines because though it took on a writedown Meadowbank's high cost nature is dealt with.
Favorite gold mining stock is Eldorado Gold because of its very low cash costs, and that in 2011 it realized higher profit growth than revenue growth which is rare.
http://bit.ly/wxbEDM]]> http://seekingalpha.com/article/369711/comments?source=feed#comment-2684331 2684331 http://bit.ly/xcXC8o, it could also merge with another company like Rio Tinto and Ivanhoe Mines.

One fifth of Goldcorp's value comes from silver and the high gold to silver ratio is eventually going to come down but not at the expense of gold price. All the silver is at one mine which recently reached commercial production so expect silver to have a bigger impact on the company's income statements this year.]]> Thu, 16 Feb 2012 00:57:28 -0500 http://bit.ly/xcXC8o, it could also merge with another company like Rio Tinto and Ivanhoe Mines.

One fifth of Goldcorp's value comes from silver and the high gold to silver ratio is eventually going to come down but not at the expense of gold price. All the silver is at one mine which recently reached commercial production so expect silver to have a bigger impact on the company's income statements this year.]]> http://seekingalpha.com/article/360581/comments?source=feed#comment-2608401 2608401
First 9 months 2011 52% of output was light oil and ngl's up from 48%. At the same time revenue from light oil and ngl's was up 36% compared to just 5% for heavy oil. http://bit.ly/xdF4Uh]]> Mon, 13 Feb 2012 14:12:26 -0500
First 9 months 2011 52% of output was light oil and ngl's up from 48%. At the same time revenue from light oil and ngl's was up 36% compared to just 5% for heavy oil. http://bit.ly/xdF4Uh]]> http://seekingalpha.com/article/355351/comments?source=feed#comment-2549011 2549011 For a more proper assessment he has to go back further to the 1930's when cash wasn't king. Companies, the perfomance of their stocks depends on there being a consumption market. When countries come close to default they implement austerity measures (minimum wage in Greece 20% lower) which affects consumer confidence and spending. Considering the West is the region in trouble and that it still fuels growth in the developing world through investment, consumption and innovation (excessive spending as is the case with medical discoveries) no economy is safe.

When cash was king people liked gold.
When cash wasn't king gold not only was it worth more it was the only thing that still had relative value.

It's true that gold is more common deeper in the earth but how would that land be reclaimed ? environmental permit would be difficult to get.

Considering the unemployment rate in the US (including people who stopped looking for work), stagnation, Europe's recession, Japan's debt, high oil prices, high food prices, geopolitical risk why would anyone have so much confidence in the stock market ? The risk is there evidenced by the volatility, bond rates.

64% of Ron Paul's investments are mining stocks
UBS: 22% of central banks consider gold the most important reserve asset for the next 25 years.
Billionaires like George Soros are investing in gold like never before.
Buy gold. A lot of it. http://bit.ly/yfKXvh]]> Fri, 10 Feb 2012 14:38:00 -0500 For a more proper assessment he has to go back further to the 1930's when cash wasn't king. Companies, the perfomance of their stocks depends on there being a consumption market. When countries come close to default they implement austerity measures (minimum wage in Greece 20% lower) which affects consumer confidence and spending. Considering the West is the region in trouble and that it still fuels growth in the developing world through investment, consumption and innovation (excessive spending as is the case with medical discoveries) no economy is safe.

When cash was king people liked gold.
When cash wasn't king gold not only was it worth more it was the only thing that still had relative value.

It's true that gold is more common deeper in the earth but how would that land be reclaimed ? environmental permit would be difficult to get.

Considering the unemployment rate in the US (including people who stopped looking for work), stagnation, Europe's recession, Japan's debt, high oil prices, high food prices, geopolitical risk why would anyone have so much confidence in the stock market ? The risk is there evidenced by the volatility, bond rates.

64% of Ron Paul's investments are mining stocks
UBS: 22% of central banks consider gold the most important reserve asset for the next 25 years.
Billionaires like George Soros are investing in gold like never before.
Buy gold. A lot of it. http://bit.ly/yfKXvh]]> http://seekingalpha.com/article/350531/comments?source=feed#comment-2508511 2508511
"We all know the government definition isn't the true meaning of the word. When someone stops looking for work, they no longer are "unemployed" per government stats"

that's right, the definition hides the real unemployment rate.
Your analysis of Paychex is great however you'll probably agree that it's not the worst stock someone could own. There are probably many others that won't match it in terms of returns.
About Transforce (TFIFF.PK) , the dividend increase should be around 15% however it's on track for 12-15% (quarterly 20%), was looking at the wrong data when I said 40%. Further growth is conceivable given that the company will be somewhat bigger and that it now owns IE Miller which services oil fields in North Dakota where land containing shale is being developed.]]> Thu, 09 Feb 2012 12:03:21 -0500
"We all know the government definition isn't the true meaning of the word. When someone stops looking for work, they no longer are "unemployed" per government stats"

that's right, the definition hides the real unemployment rate.
Your analysis of Paychex is great however you'll probably agree that it's not the worst stock someone could own. There are probably many others that won't match it in terms of returns.
About Transforce (TFIFF.PK) , the dividend increase should be around 15% however it's on track for 12-15% (quarterly 20%), was looking at the wrong data when I said 40%. Further growth is conceivable given that the company will be somewhat bigger and that it now owns IE Miller which services oil fields in North Dakota where land containing shale is being developed.]]> http://seekingalpha.com/article/350531/comments?source=feed#comment-2481691 2481691 What do you think of Transforce (TFI) ? Annual dividend on track to be at least 40% higher than last year, that would be the first yearly dividend increase in three years. TFI is up 34.97% last six months.]]> Wed, 08 Feb 2012 13:46:50 -0500 What do you think of Transforce (TFI) ? Annual dividend on track to be at least 40% higher than last year, that would be the first yearly dividend increase in three years. TFI is up 34.97% last six months.]]> http://seekingalpha.com/currents/post/133981?source=feed#comment-2475461 2475461 MCD) http://bit.ly/Ai55kQ]]> Wed, 08 Feb 2012 11:06:57 -0500 MCD) http://bit.ly/Ai55kQ]]> http://seekingalpha.com/article/340961/comments?source=feed#comment-2396351 2396351
Even iOS is starting to fall behind Android in terms of growth because of all the manufacturers that have been allowed to use it. For the future there's more than enough room for more than two platforms in the industry especially when neither of them makes efficient use of bandwidth (important for developing countries) or have above average encryption security.]]> Sun, 05 Feb 2012 09:42:53 -0500
Even iOS is starting to fall behind Android in terms of growth because of all the manufacturers that have been allowed to use it. For the future there's more than enough room for more than two platforms in the industry especially when neither of them makes efficient use of bandwidth (important for developing countries) or have above average encryption security.]]> http://seekingalpha.com/article/340961/comments?source=feed#comment-2377181 2377181
you say that as if it's a bad thing. Being US-based is more than just symbolic. When China and the U.S. negotiate trade and say Apple is threatening to end its contract with Hon Hai Precision Industry and partners with another company in India. Doesn't that help the U.S.? Apple's patents are in the U.S., Apple's income taxes are in the U.S. It's not in Apple's interest to move its headquarters.
There are Global lists like The Global 2000 Forbes list which ranks countries based on the number of major companies headquartered there. It's significant for a company to be associated with a country. Canada doesn't rely on RIM as much as the US relies on Apple or Australia relies on BHP Billiton but there's still a lot that Canada would lose if the company's major decisions happened in another country.
Having BlackBerry servers in Canada is very important. All RIM had to do was have servers in India and India would have ended its dispute.]]> Sat, 04 Feb 2012 01:54:17 -0500
you say that as if it's a bad thing. Being US-based is more than just symbolic. When China and the U.S. negotiate trade and say Apple is threatening to end its contract with Hon Hai Precision Industry and partners with another company in India. Doesn't that help the U.S.? Apple's patents are in the U.S., Apple's income taxes are in the U.S. It's not in Apple's interest to move its headquarters.
There are Global lists like The Global 2000 Forbes list which ranks countries based on the number of major companies headquartered there. It's significant for a company to be associated with a country. Canada doesn't rely on RIM as much as the US relies on Apple or Australia relies on BHP Billiton but there's still a lot that Canada would lose if the company's major decisions happened in another country.
Having BlackBerry servers in Canada is very important. All RIM had to do was have servers in India and India would have ended its dispute.]]> http://seekingalpha.com/article/340961/comments?source=feed#comment-2377021 2377021
RIM is Canada's biggest Research and Development investor at $1 billion a year. It employs 11,000 if its over 17,000 workforce in Canada. Why would it be in Canada's interest for RIM to be foreign controlled? if the reason for selling is limited to U.S. market share then Canada would be better off risking the block. What's the worst that would happen? The company has very high intrinsic value, until tech companies with their own in-house platforms and apps become numerous there's going to be an Amazon, Vodafone that will want it. 15-20% market share in Western Europe where it is not having products blocked as is happening with Android. If the market value gets too low, go private. That's my advice.
Not measuring up to iOS and Android in the United States doesn't necessarily put RIM in danger zone. As a device marker RIM is doing alright. In terms of platforms it still has a strong presence in the corporate market. In December RIM grew a bit.]]> Sat, 04 Feb 2012 01:27:48 -0500
RIM is Canada's biggest Research and Development investor at $1 billion a year. It employs 11,000 if its over 17,000 workforce in Canada. Why would it be in Canada's interest for RIM to be foreign controlled? if the reason for selling is limited to U.S. market share then Canada would be better off risking the block. What's the worst that would happen? The company has very high intrinsic value, until tech companies with their own in-house platforms and apps become numerous there's going to be an Amazon, Vodafone that will want it. 15-20% market share in Western Europe where it is not having products blocked as is happening with Android. If the market value gets too low, go private. That's my advice.
Not measuring up to iOS and Android in the United States doesn't necessarily put RIM in danger zone. As a device marker RIM is doing alright. In terms of platforms it still has a strong presence in the corporate market. In December RIM grew a bit.]]> http://seekingalpha.com/article/322807/comments?source=feed#comment-2212141 2212141 http://bit.ly/zyr6vl

There are other factors to consider such as politics and how eager a community is to reap the benefits that come in the form of jobs, investment, royalties. don't underestimate political motivation http://bit.ly/zL1YqX

higher prices allow for higher cash costs and that gives companies more money to spend on infrastructure, trucks and roads which allows it to work around environmentally senstive areas.]]> Sun, 29 Jan 2012 02:03:20 -0500 http://bit.ly/zyr6vl

There are other factors to consider such as politics and how eager a community is to reap the benefits that come in the form of jobs, investment, royalties. don't underestimate political motivation http://bit.ly/zL1YqX

higher prices allow for higher cash costs and that gives companies more money to spend on infrastructure, trucks and roads which allows it to work around environmentally senstive areas.]]> http://seekingalpha.com/article/322807/comments?source=feed#comment-2212021 2212021
Hybrid vehicles which also use catalytic converters are showing stronger growth than electric. http://tgr.ph/wigTkV

Silver prodcution is in the hundreds of millions. Palladium production is 5 to 8 million roughly equal to industrial demand which is growing rapidly. platinum group metals are already available in bullion. They will attract more bullion investment when that happens more dealers will buy and sell them lowering the premium cost and attracting more individual investment. That is an alternative that isn't widely available yet.]]> Sun, 29 Jan 2012 01:36:20 -0500
Hybrid vehicles which also use catalytic converters are showing stronger growth than electric. http://tgr.ph/wigTkV

Silver prodcution is in the hundreds of millions. Palladium production is 5 to 8 million roughly equal to industrial demand which is growing rapidly. platinum group metals are already available in bullion. They will attract more bullion investment when that happens more dealers will buy and sell them lowering the premium cost and attracting more individual investment. That is an alternative that isn't widely available yet.]]> http://seekingalpha.com/article/322807/comments?source=feed#comment-2211921 2211921
The problem with the argument that has ensued is the premise. comex isn't capable of taking on the losses or delivering the non existent asset that it has been selling. In the extreme case comex will give up what it has and people left with paper promises will have to face reality. Silver coins accounted for just 10% of total silver demand in 2010 double jewelry so investment demand outside of comex (physical demand incl ETF's) isn't going to drive the price up infinitely. The problem at comex will have to sort itself out but don't bank on it having a singularity effect on spot price.

BUT say the price hits $150 and stays there for a period of time. Mining companies will HEDGE at a RECORD HIGH PRICE and that will ATTRACT INVESTMENT from financial institutions. $20M for a mine shaft will be peanuts compared to the credit banks will be throwing at them. Approval process? How hard is that going to be in this economy? Quebec had no problem thowing a couple hundred people off their land to get Malartic started. Detour Lake project offers aboriginals job prospect and it gets approved. There are many other smaller projects that have the green light but are idle because the price doesn't justify the exploration costs.

With respect to construction time. Ivanhoe needed 3/4 of a year to complete 70% construction at one of the world's biggest copper gold projects. Malartic less than 2 years but it began when gold was a lot lower, as the price moved up delays were compensated for more rapidly. Price affects both the speed and efficiency with which many of the new projects reach commercial production.

That silver mined as a by product to gold HELPS prove my point. $12000 gold is a major driving factor. Companies could begin DRILLING DEEPER INTO THE EARTH WHERE GOLD IS NOT UNCOMMON.

"Most primary silver mines have already been operating at full-capacity at these prices"
In response to frdm45, what price? $30? if the price is $30 yeah there isn't much incentive for primary silver producers to expand operations but we're not talking about $30 silver are we? It's the primary gold producers that are operating at higher capacity because gold is much closer to its 2011 high as evidenced by the gold to silver ratio (even gold to platinum ratio). $10-$20 dollar margins going to $100 dollar margins is a big increase especially in percentage terms. How much of Silver Standards billion ounces of indicated resource will convert to 2P reserves? (currently only 290M ounces). The $20 or so base cash costs at some of the mines will go from being significant to insignificant. Most of the silver producers have many times more resource than 2P. The fact that companies like Harmony Gold and AngloGold Ashanti are still around is a testament to the price of gold, they would have disappeared if the price was what it was only years ago, their cash costs would've just covered the price only five years ago.
Consider cash cost, the relatively low cost gold producers like Barrick (60-70%), Goldcorp (60-70%), Agnico (60%) have well over half of their gold resource already represented as 2P reserves. For primary silver it's completely different. 22% for silver standard (300 of over 1B), 40% for Hecla, 46% Coer D'Alene, 35% for First Majestic. Much more growth for silver than gold producers when it comes to the amount recoverable. $20M shaft cost is nothing when the value of the silver goes from $100M to $700M (hedge at $100, increase reserves).

Right now the only limiting factor to Canada's biggest gold-silver-copper project KSM is the construction cost of almost $5B. How fast will that barrier be removed if its silver and gold reserves go from a valuation in the billions to 1/2 trillion dollars? because reserves go up by tens of millions of ounces for gold, hundreds of millions for silver and the price by magnitudes. KSM mine life could be 50 years and construction is only limited by $5B which is peanuts at $10th gold, $100 silver.
so yes at $100 silver $12000 gold many new mines will open ESPECIALLY IN EUROPE where Eldorado Gold will become the biggest gold producer (also biggest international producer in China).]]> Sun, 29 Jan 2012 01:20:07 -0500
The problem with the argument that has ensued is the premise. comex isn't capable of taking on the losses or delivering the non existent asset that it has been selling. In the extreme case comex will give up what it has and people left with paper promises will have to face reality. Silver coins accounted for just 10% of total silver demand in 2010 double jewelry so investment demand outside of comex (physical demand incl ETF's) isn't going to drive the price up infinitely. The problem at comex will have to sort itself out but don't bank on it having a singularity effect on spot price.

BUT say the price hits $150 and stays there for a period of time. Mining companies will HEDGE at a RECORD HIGH PRICE and that will ATTRACT INVESTMENT from financial institutions. $20M for a mine shaft will be peanuts compared to the credit banks will be throwing at them. Approval process? How hard is that going to be in this economy? Quebec had no problem thowing a couple hundred people off their land to get Malartic started. Detour Lake project offers aboriginals job prospect and it gets approved. There are many other smaller projects that have the green light but are idle because the price doesn't justify the exploration costs.

With respect to construction time. Ivanhoe needed 3/4 of a year to complete 70% construction at one of the world's biggest copper gold projects. Malartic less than 2 years but it began when gold was a lot lower, as the price moved up delays were compensated for more rapidly. Price affects both the speed and efficiency with which many of the new projects reach commercial production.

That silver mined as a by product to gold HELPS prove my point. $12000 gold is a major driving factor. Companies could begin DRILLING DEEPER INTO THE EARTH WHERE GOLD IS NOT UNCOMMON.

"Most primary silver mines have already been operating at full-capacity at these prices"
In response to frdm45, what price? $30? if the price is $30 yeah there isn't much incentive for primary silver producers to expand operations but we're not talking about $30 silver are we? It's the primary gold producers that are operating at higher capacity because gold is much closer to its 2011 high as evidenced by the gold to silver ratio (even gold to platinum ratio). $10-$20 dollar margins going to $100 dollar margins is a big increase especially in percentage terms. How much of Silver Standards billion ounces of indicated resource will convert to 2P reserves? (currently only 290M ounces). The $20 or so base cash costs at some of the mines will go from being significant to insignificant. Most of the silver producers have many times more resource than 2P. The fact that companies like Harmony Gold and AngloGold Ashanti are still around is a testament to the price of gold, they would have disappeared if the price was what it was only years ago, their cash costs would've just covered the price only five years ago.
Consider cash cost, the relatively low cost gold producers like Barrick (60-70%), Goldcorp (60-70%), Agnico (60%) have well over half of their gold resource already represented as 2P reserves. For primary silver it's completely different. 22% for silver standard (300 of over 1B), 40% for Hecla, 46% Coer D'Alene, 35% for First Majestic. Much more growth for silver than gold producers when it comes to the amount recoverable. $20M shaft cost is nothing when the value of the silver goes from $100M to $700M (hedge at $100, increase reserves).

Right now the only limiting factor to Canada's biggest gold-silver-copper project KSM is the construction cost of almost $5B. How fast will that barrier be removed if its silver and gold reserves go from a valuation in the billions to 1/2 trillion dollars? because reserves go up by tens of millions of ounces for gold, hundreds of millions for silver and the price by magnitudes. KSM mine life could be 50 years and construction is only limited by $5B which is peanuts at $10th gold, $100 silver.
so yes at $100 silver $12000 gold many new mines will open ESPECIALLY IN EUROPE where Eldorado Gold will become the biggest gold producer (also biggest international producer in China).]]> http://seekingalpha.com/article/322807/comments?source=feed#comment-2211529 2211529 Sat, 28 Jan 2012 17:55:26 -0500 http://seekingalpha.com/article/322807/comments?source=feed#comment-2211518 2211518 Like I already pointed out though, there are lots of NEW gold and silver mines reaching commercial production within the next two years regardless of what happens with the price.

ALSO to remember is that very few companies still have hedge books meaning that they can IMMEDIATELY capitalize on the higher prices. That will allow them to respond more quickly to the higher prices by expanding operations to include lower grade ore.

"will not therefore invest scarce resources"..."if they do not have confidence that prices can be maintained to justify investment and capital costs"
Silver is barely $30 an ounce today and they ARE investing to bring mines online because their INVESTORS are bullish on gold and silver. What do you think they'll do when silver reaches $150 an ounce? of course they're going to invest scare resources to bring MANY new mines online. At $200 they'll START TO HEDGE again, opening up their hedge books and selling at $120 an ounce for the next five years. Primary production will grow very fast in that scenario. When it becomes apparent that comex is the problem their investors will shift to physical silver and that will mean silver coins will go from 10% to 30% or more of demand.]]> Sat, 28 Jan 2012 17:42:55 -0500 Like I already pointed out though, there are lots of NEW gold and silver mines reaching commercial production within the next two years regardless of what happens with the price.

ALSO to remember is that very few companies still have hedge books meaning that they can IMMEDIATELY capitalize on the higher prices. That will allow them to respond more quickly to the higher prices by expanding operations to include lower grade ore.

"will not therefore invest scarce resources"..."if they do not have confidence that prices can be maintained to justify investment and capital costs"
Silver is barely $30 an ounce today and they ARE investing to bring mines online because their INVESTORS are bullish on gold and silver. What do you think they'll do when silver reaches $150 an ounce? of course they're going to invest scare resources to bring MANY new mines online. At $200 they'll START TO HEDGE again, opening up their hedge books and selling at $120 an ounce for the next five years. Primary production will grow very fast in that scenario. When it becomes apparent that comex is the problem their investors will shift to physical silver and that will mean silver coins will go from 10% to 30% or more of demand.]]> http://seekingalpha.com/article/322807/comments?source=feed#comment-2210205 2210205
The biggest industrial demand growth for silver will be from solar and rfid technology. http://bit.ly/zrVau5]]> Fri, 27 Jan 2012 23:11:31 -0500
The biggest industrial demand growth for silver will be from solar and rfid technology. http://bit.ly/zrVau5]]> http://seekingalpha.com/article/322807/comments?source=feed#comment-2210131 2210131 Another thing that will cap the price of silver is the fact that there are alternative precious metals that have in the past been ignored by investors. Silver is produced at a rate 10X gold and 100X platinum and palladium which have a better growth in industrial demand due to more vehicles being manufactured (39% more in 2016 than in 2010).
A temporary spike in the price will probably be caused by the futures market crashing. But how long will that last? if all of the silver is held by a couple billionaires then they will cash in at $500 an ounce or they will be forced to sell by the government leading to more regulation in how paper futures treat the commodity.
Palladium, Platinum, Rhodium also have iso currency codes. Considering their very low production and that almost none of their demand is by investors, they are much more attractively priced.
Remember the Rhodium crash in 2008 ? Silver leads precious metals in supply and production. When one like gold or platinum reaches $20,000 an ounce something in the market will act to lower the price. That puts a cap on the price of silver too because investors will consider its technical merits like the gold silver and gold platinum ratios.
Following the record high and the subsequent crash, when the dust settles price will be driven by supply and demand and there's more than enough silver to go around. Silver's largest producers in 2010 were not even gold or silver companies. Diversified metal companies like BHP. In fact many of the producers take silver for granted, that's why companies like Silver Wheaton exist ($4 an ounce is what it pays the miners for silver). At $70 companies will put a lot more emphasis on silver exploration then they currently do.]]> Fri, 27 Jan 2012 22:38:42 -0500 Another thing that will cap the price of silver is the fact that there are alternative precious metals that have in the past been ignored by investors. Silver is produced at a rate 10X gold and 100X platinum and palladium which have a better growth in industrial demand due to more vehicles being manufactured (39% more in 2016 than in 2010).
A temporary spike in the price will probably be caused by the futures market crashing. But how long will that last? if all of the silver is held by a couple billionaires then they will cash in at $500 an ounce or they will be forced to sell by the government leading to more regulation in how paper futures treat the commodity.
Palladium, Platinum, Rhodium also have iso currency codes. Considering their very low production and that almost none of their demand is by investors, they are much more attractively priced.
Remember the Rhodium crash in 2008 ? Silver leads precious metals in supply and production. When one like gold or platinum reaches $20,000 an ounce something in the market will act to lower the price. That puts a cap on the price of silver too because investors will consider its technical merits like the gold silver and gold platinum ratios.
Following the record high and the subsequent crash, when the dust settles price will be driven by supply and demand and there's more than enough silver to go around. Silver's largest producers in 2010 were not even gold or silver companies. Diversified metal companies like BHP. In fact many of the producers take silver for granted, that's why companies like Silver Wheaton exist ($4 an ounce is what it pays the miners for silver). At $70 companies will put a lot more emphasis on silver exploration then they currently do.]]> http://seekingalpha.com/article/321624/comments?source=feed#comment-2203981 2203981 http://bit.ly/w0RrKF
The pipeline to Texas increases throughput (access) for all refineries in the area even the US based ones (Conoco is headquartered in Houston). Oil production in the U.S. may be growing but the country still imports A LOT of oil and a lot of it comes from OPEC which controls the price through caps on its crude prod (roughly 80% of its light oil output). When Mexico completely runs out of reserves (could be as low as 10 yrs) where is the US going to get that extra 2 or so million bpd? Venezuela? no because their reserves are in extra heavy oil like Alberta's. Mexico's Cantarell field which the country used to rely on for its oil is producing at 15 year low levels.
The UN has already called America's use of corn biofuel a threat to food security. Access to cheap energy is one of the reason China is doing so well. (off topic) electricity prod est cost per kWh: Coal 4c, N.Gas 9c, Renewables 23c.
Not all of the refined product is exported. If there's ever a need for more oil the U.S. could easily offer the companies incentives to convince them to keep more of it here. US refineries give Americans job opportunities. If throughput falls and they lower capacity American jobs are lost.]]> Wed, 25 Jan 2012 19:43:32 -0500 http://bit.ly/w0RrKF
The pipeline to Texas increases throughput (access) for all refineries in the area even the US based ones (Conoco is headquartered in Houston). Oil production in the U.S. may be growing but the country still imports A LOT of oil and a lot of it comes from OPEC which controls the price through caps on its crude prod (roughly 80% of its light oil output). When Mexico completely runs out of reserves (could be as low as 10 yrs) where is the US going to get that extra 2 or so million bpd? Venezuela? no because their reserves are in extra heavy oil like Alberta's. Mexico's Cantarell field which the country used to rely on for its oil is producing at 15 year low levels.
The UN has already called America's use of corn biofuel a threat to food security. Access to cheap energy is one of the reason China is doing so well. (off topic) electricity prod est cost per kWh: Coal 4c, N.Gas 9c, Renewables 23c.
Not all of the refined product is exported. If there's ever a need for more oil the U.S. could easily offer the companies incentives to convince them to keep more of it here. US refineries give Americans job opportunities. If throughput falls and they lower capacity American jobs are lost.]]> http://seekingalpha.com/article/321911/comments?source=feed#comment-2201778 2201778 When talking about blackberry make sure to mention U.S. market share not just market share since blackberry continues to hold steady in Europe and is gaining ground in developing countries where bandwidth efficiency matters.
Apple is gaining in the U.K., Australia, China and losing in Western Europe. The iPad probably won't have 90% of the market next year but if the tablet market is 40% bigger Apple could grow just on its tablets. iPhones are still doing well overall. Just make sure they're easy to distinguish from the fake ones being sold in China.]]> Wed, 25 Jan 2012 09:09:51 -0500 When talking about blackberry make sure to mention U.S. market share not just market share since blackberry continues to hold steady in Europe and is gaining ground in developing countries where bandwidth efficiency matters.
Apple is gaining in the U.K., Australia, China and losing in Western Europe. The iPad probably won't have 90% of the market next year but if the tablet market is 40% bigger Apple could grow just on its tablets. iPhones are still doing well overall. Just make sure they're easy to distinguish from the fake ones being sold in China.]]> http://seekingalpha.com/article/321624/comments?source=feed#comment-2199960 2199960 Tue, 24 Jan 2012 16:19:10 -0500 http://seekingalpha.com/article/321481/comments?source=feed#comment-2198038 2198038 Top 3 US Carriers keep refusing to market the Playbook. When they do expect sales and market share to pick up. The problem is that their reasons for not carrying it are sketchy. The tablet market is going to grow very quickly over the next two years so RIM has to get companies like Sprint to embrace the playbook.
BB10 late release will only affect US market share. To avoid severe fall in U.S. market share RIM has to get something QNX related for phones out by the third quarter of 2012.]]> Tue, 24 Jan 2012 07:51:38 -0500 Top 3 US Carriers keep refusing to market the Playbook. When they do expect sales and market share to pick up. The problem is that their reasons for not carrying it are sketchy. The tablet market is going to grow very quickly over the next two years so RIM has to get companies like Sprint to embrace the playbook.
BB10 late release will only affect US market share. To avoid severe fall in U.S. market share RIM has to get something QNX related for phones out by the third quarter of 2012.]]> http://seekingalpha.com/article/321481/comments?source=feed#comment-2197982 2197982 Tue, 24 Jan 2012 07:24:53 -0500 http://seekingalpha.com/article/321097/comments?source=feed#comment-2195047 2195047 The best news the company has going right now is that Young Davidson is 79% complete. Young Davidson will produce 180th annually for 15 years at a long term cash costs of $400/oz]]> Mon, 23 Jan 2012 07:39:08 -0500 The best news the company has going right now is that Young Davidson is 79% complete. Young Davidson will produce 180th annually for 15 years at a long term cash costs of $400/oz]]> http://seekingalpha.com/article/321097/comments?source=feed#comment-2194974 2194974 Should have included the risk of a shutdown at El Cubo. That was a big reason the company lost value in 2010.
You also talked about wanting gold companies paying dividends. Aurico doesn't pay dividends.]]> Mon, 23 Jan 2012 06:21:20 -0500 Should have included the risk of a shutdown at El Cubo. That was a big reason the company lost value in 2010.
You also talked about wanting gold companies paying dividends. Aurico doesn't pay dividends.]]> http://seekingalpha.com/article/319644/comments?source=feed#comment-2179631 2179631
Nominal gdp is the most accurate way to measure the size of an economy. However since the top 10 countries have traditionally also been developed countries that method might not carry as much weight when developing countries reach the top of the list because, until those countries reach a certain per capita level ($15,000) the governments could be more limited in what they can do.]]> Tue, 17 Jan 2012 03:46:25 -0500
Nominal gdp is the most accurate way to measure the size of an economy. However since the top 10 countries have traditionally also been developed countries that method might not carry as much weight when developing countries reach the top of the list because, until those countries reach a certain per capita level ($15,000) the governments could be more limited in what they can do.]]> http://seekingalpha.com/article/310800/comments?source=feed#comment-2158836 2158836 Mon, 09 Jan 2012 09:09:19 -0500 http://seekingalpha.com/article/310800/comments?source=feed#comment-2158769 2158769
Should've elaborated in the first sentence, the US and UK (and maybe a couple others like Australia, Canada) are the only major developed countries in which iOS is gaining market share (as far as I know, please correct me if I'm wrong). That doesn't mean iOS isn't still doing well in other markets like Japan where it is still over 30%. Just check out Apple in South Korea, not only is it far behind the leader but it isn't gaining share. China and Brazil are adding tens of millions of people to the working class every year, and iOS is not showing share growth there either as one would expect.]]> Mon, 09 Jan 2012 08:40:22 -0500
Should've elaborated in the first sentence, the US and UK (and maybe a couple others like Australia, Canada) are the only major developed countries in which iOS is gaining market share (as far as I know, please correct me if I'm wrong). That doesn't mean iOS isn't still doing well in other markets like Japan where it is still over 30%. Just check out Apple in South Korea, not only is it far behind the leader but it isn't gaining share. China and Brazil are adding tens of millions of people to the working class every year, and iOS is not showing share growth there either as one would expect.]]>