Thursday’s Market Close
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Check out the press releases from New Zealand Energy and Great Atlantic Resources.
I would like your take on zinc Richard, I know you like coal but I have been accumulating one zinc stock in particular because I believe the markets will start to reward me next year by the end of the first quarter.
The large LME inventory has been building in part because of the economic slowdown but even at 1.1 million tones, is only about 5 weeks consumption. I think we might see some market reaction in March, when Brunswick # 12 becomes one of the first big zinc mines to shut down because they’ve run out of ore.
Money is currently being made by charging large premiums over market for physical delivery of the metal. If you don’t want to pay the premium, you literally have to wait months to get your metal. So Richard my question for you is how do you view the zinc market by the end of 6 months. DT
The zinc stock I have been accumulating is one of John Kaiser’s bottom Fisher’s which is in the US, location, location, location, although I like John’s analysis of mining stocks I don’t share his overall view for North American real estate. I think this is what Al is talking about we all have our strengths. DT
Here is an interesting article on the German gold in NYC….gone missing…..perhaps?!!
Traders use the meaningless jobs report to again knock down gold.
http://www.safehaven.com/article/27521/adp-grossly-overstates-job-growth-for-last-12-months-by-419000-jobs
Thanks Paul L,
Soooo true.
Listen to the segment on the Weekend Edition with David McAlvany
Big Al
Al you mentioned U308 your good buddy P.Grandich had a sell call on the uranium sector just a few weeks before the Fukushima meltdown using his chart expertise as Cameco broke its trendline from the July 2010 low just after making a late Aprill 2011 high….I know Peter has connections in high places but that technical call was a perfect strike….of course the tsunami was a game changer nobody saw coming…..my two points are chart reading does work and investors need to realize an event like Fukushima is a game changer for the sector…CCO today is down 60% from its pre Fukushima highs…great call Peter.
Gotta tell ya bring back the ol’boring general economic driven bull markets as making money on Blackswan events or the demise of the US$ is very bitter/sweet
Al, have you heard from Peter as his home was right in the path of Sandy?…his web-site/office is still closed.