future direction

  1. 769 Posts.
    lightbulb Created with Sketch. 19
    The charts are one thing, but it is interesting to see that Nassim Taleb regards copper as a good investment bet.

    http://www.businessinsider.com/henry-blodget-nassim-taleb-goes-long-inflation-2009-5

    "The "Black Swan Protection Protocol--Inflation" fund is getting set to bet on hyperinflation.

    WSJ: Universa Investments LP is known for its ties to investor Nassim Nicholas Taleb...

    Universa's bet is that rising prices will reach levels few expect as governments seek to goose their economies...

    Universa will invest in options tied to commodities such as corn, crude oil and copper, as well as options on stocks such as oil drillers and gold miners...

    Mr. Taleb doesn't have an ownership interest in the Santa Monica, Calif., firm, but he has significant investments in it and helps shape its strategies. "

    I'm not convinced about hyperinflation, but the $US is sure to continue it's fall, thus forcing up the price (in $US) of copper, thus improving the sentiment for copper, and hence of PNA.

  2. 467 Posts.
    lightbulb Created with Sketch. 215
    Very good point.
 
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