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Politics : Welcome to Slider's Dugout

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To: SliderOnTheBlack who wrote (8024)	2/23/2008 12:41:03 AM
From: paul ross	Read Replies (1) of 50340

One thing to consider is the worsening supply side picture of raw materials/food stuffs. A big reason platinum has taken off was the rolling blackouts suffered in So Africa due to lack of sufficient electric power grid infrastructure. This has caused energy to be rationed to the mining industry, decreasing available Pt world supply (So Africa supplies the world over 75% of it's new inventory) and also cutting into So Africa's significant gold production. The price of oil has effected nearly every aspect of food production, from fertilizers, to planting/harvesting machinery, to modes of shipment to market. The stock price of NG recently plummeted when it was revealed the company had abandoned development of its Galore Creek project, which had a significant copper/gold deposit due to escalating costs of mine construction. Coupled with world Central Bank's easy money policies, a potential perfect storm for precious metal/raw material investors.

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