Do you know of any place where Calandra's output is posted?
Hi Marcos,
I've been reading Calandra's regular column at CSBMarketWatch for a couple years. Bought ITRA more than a year ago on his rec, and still holding some. Lately he's been flogging the IVN/China/Mongolia connection like one of Meryl Streep's oxen on the march south to Lake Natron in "Out of Africa".
You can find his columns by searching CBS-MW using his last name. However, you'll need the free sign-up to access the historical (hysterical? <g>) articles. Here's a snippet...
Tremendous China gains still ahead
Translation: Don't believe the bubble-sayers
By Thom Calandra, CBS.MarketWatch.com
Last Update: 12:59 PM ET Nov. 5, 2003
NEW YORK (CBS.MW) -- If you're selling into the China (and Mongolia) commodities rally right now, you're leaving a heap of money on the table.
This is financial journalism rule No. 1 (in my book, anyway): Whenever the world's leading fiscal writers and seers start using the words "overheated" and "bubble," it's almost always because they don't own the stuff themselves.
"China, and the rest of Asia, are areas you want to be buying whenever there's weakness," Marc Faber, Hong Kong-based asset manager and Swiss-trained economist, just told me. "This is tomorrow's gold." That, by the way -- "Tomorrow's Gold" -- is the name of Faber's latest book, and it's a doozy. See: Dr. Doom, we presume?
The financial press -- and traditional economists -- are worried that China's booming demand for raw materials (copper, gold, nickel, steel, energy, textiles, lumber and so on) will lead to "overcapacity" and a burst bubble across Asia.
Don't believe it. The melt-UP in the prices of copper, platinum, nickel, iron ore, even zinc, will benefit commodities investors, and their descendants, for a very long time. The biggest beneficiaries right now, in the world of investors, are the metals equities, and in specific instance, energy exploration companies. See: The Calandra Report.
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