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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (66033)	6/30/2009 6:51:17 AM
From: Earlie	1 Recommendation Read Replies (3) \| Respond to of 78419

Earlie from Earlie: Copper (and other selected commodities) seems to be attracting a fair amount of investment interest. Franks Veneroso (who I think is one of the best commodity researchers around) has published material that points to a huge speculation in copper, dominated by China-based players, aided and abetted by hedge funds around the globe. If Frank is right, the same old method is being used.... buy the physical and hide it, creating an apparent shortage in inventories. Whether one believes Frank or no, it behooves one to be aware of his track record, which is excellent. It also makes sense to question rising commodity prices when global economic activity is falling. Sure, some of this activity relates to folks trying to find a place to dump US bucks in "size" (oil in particular) but when this type of activity attracts the momentum players, sooner or later, the parabolic curve reverses and pricing falls well below what reality would suggest. Holding a few puts in copper (in one form or another) makes sense to me. Best, Earlie