Potash recovery imminent!
"World class speculators and Chinese firms are accumulating Australian resource companies and commodities. This is the flip side to Australia being a net capital importer and the decline of the U.S. dollar. We rail about Aussie banks borrowing money abroad to invest in a housing bubble at home. But is there an opportunity in all this madness?"
"Of course there is. George Soros is picking up more shares of gold and potash producers. Mineweb reports that, "Billionaire investor George Soros' Soros Fund Management substantially raised its shares in PotashCorp as well as invested in gold ETFs during the third quarter. In Form 13F documents filed with the SEC, Soros Fund raised its PotashCorp from 1.98 million shares to 2.95 million shares with a fair market value of $266.4 million."
The Daily Reckoning 19/11/09
Potash recovery imminent!"World class speculators and Chinese...
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