Looks like the serious investors are finally looking for physical metals all round to hedge their hedges whilst POG is capped to give the USDX and rates (and hence the financial system) breathing space. GORM's WW3 has suddenly come alive on all fronts same time.
Cash might be king in first instance, but what would u prefer to be holding ultimately if a major bank went under taking the rest with them?
Id rather be holding clear title to unencumbered (debtless, unhedged) METALS even if in the ground waiting for the ensuing paper burn. Looks like a few more are starting to think this way. Even being suggested by CNBC gurus now.
There is no way out but for serious pain in the US and it will flow on thru the western world. Thats why Ive been talking such portfolio "balance" from day 1. We all hope it will be managed softly and thats what they are pro-actively attempting atm .... but ...
I'd be happy to holding only CMR and PGM thru this as u know with my cash warchest at the ready for opportunistic adding to core.
Oxides starting up soon are gonna be raking in 100 mill first year with AUD forex buffer to any downside. Happy with half, even happier with a decade's worth of 100% without a HNC. Do u think they want out? We are independent now. Wish they would ..... they came in at POLead at around 35c !
Lead August 14,06:48 Bid/Ask 1.4631 - 1.4676 Change +0.0363 +2.54% Low/High 1.4177 - 1.4721 Charts
Uranium Aug 06, 2007 Ux U308 price: 110.00 Change from previous week -10.00
London Metal Exchange Warehouse Stocks ( August 14 ) Metal Tonnes in Storage Change from previous day Aluminum 833275 -525 Copper 114075 -225 Nickel 19086 -138 Lead 30850 -700 Zinc 62650 -825
PS IMO Nickel has been manipulated/oversold big time and bound to strongly bounce ahead. Uranium is only doing its primary retrace after a great "A" wave setting the scene for MASSIVE upside ahead after the current consolidation. Zinc is due to escalate again. Lead has only caught up with the rest. Copper is still gonna see 6 bucks IMO. China and India aint going away over next decade. CMR is gonna be doing some serious surfing when the cosmic dust settles and surf's up again. Preparing for the turn.
IMBOOC
CMR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
