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Strategies & Market Trends : Pluvia's Fist.com - Pluvia's Plays & Portfolio

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To: Pluvia who wrote (1428)	11/10/2003 5:18:51 AM
From: RockyBalboa	of 1766

I hear ya, P. Nice to see u in full battle order <g>. >>>>>>>>>>>>>>>>>>>>>> a snippet gathered somewhere on the net: .... * China and Gold. Those were the two biggest stories at the New Orleans investment conference where your editor gave a short speech. Everyone seemed to want to own a piece of China and a piece of gold. "Ivanhoe!" said a friend. "Here's a way to kill two birds with one stone. This company has a goldfield the size of California. It's in Mongolia. But that's not all. It also has a huge deposit of copper. And if there's one thing a growing economy needs - it's copper. They use it in air conditioners, for example. Right now, most Chinese don't have air conditioning. But in the south of the country - where more than half a billion people live - it gets awfully hot and humid in the summer. People are going to buy air conditioners like crazy as soon as they can afford them. And with the economy booming so much, they'll be able to buy hundreds of millions of air conditioners and other things that take copper - by the way, did you know that copper is the essential metal of the whole modern world? It's the critical component of all electric engines. We take them for granted here in America, but they're what makes the modern world work. And China is just getting into the modern world. So they're going to need lots and lots of copper. And Ivanhoe's got it. So you get the China play... big time. And you get gold too - millions and millions of ounces of it." * "Not so fast," said another friend, a geologist. "It's one thing to find a deposit of metal. It's quite another to get it out and make the project profitable. This thing is in the middle of nowhere. They just don't have the technical or logistical support to make this work. What's more, from a mining point of view, the project is no piece of cake. It's a huge deposit. But the deposit lies under the surface. You have to get at it somehow. And that's going to cost of lot of money. No doubt about it, the Ivanhoe story is going to draw in a lot of investors. You can probably make money by riding the stock up. But there's no guarantee that the mine will ever produce a penny of profit. So, if you get in... don't forget to get out." *** China's economy is growing at an 8% annual rate. Even that may be understated. Its currency is increasing (M2) at more than 20% annually. It recently replaced Japan as the world's 3rd largest importer - increasing purchases from abroad by 41% in the first 9 months of this year. How do you say 'bubble' in Chinese? Oh yes, pao mo. <<<<<<<<<<<<<<<<<<

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