I know more than I should about the metals. Anyway, platinum has always been popular to the Japanese for jewelry.
Like copper, maybe the best play is futures? Or, a just downgraded stock, SWC, is the way to play.
I would not abandon gold just yet, and the reason is simple. The recent Brit sales are nothing compared to what trades daily on the LME. And, the first round was over subscribed, by a factor of 5, so there is smart buying going on at these low prices.
The Brits, and all the others say they will buy bonds to earn a return, what they fail to mention is that they made a much bigger annual return by leasing their gold out to traders. Don't ask, it is too complicated. So, my take is they are using it prop up paper, and that will end ugly, because the gold reserve has always been the final value.
2nd, and more important, the US ain't gonna sell.
BTW, copper futures still trending up, and you know what that means, right?
Regarding ATMS, think of being able to buy your concert tickets from an ATMS i-net machine, and being able to also bring up a seating/section map of the venue. That is from their annual report. Let's see, who owns ticketmaster. Would be a nice fit, yes? |
