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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (47986)	5/16/2012 9:56:48 AM
From: Grommit	Read Replies (1) \| Respond to of 78470

I avoid gold because like WEB says, it doesn't reproduce and has no inherent value. PAAS just came out with nice earnings and I own a VERY small amount. Argentina seems to be causing trouble and making demands. (below) So I want to focus on miners that have minimal exposure to foreign shenanigans. Since CLF is mainly north america and australia, I doubled my bet at $52.70. RIO and FCX are worth considering, but they have more foreign exposure. Who knows? bloomberg.com Argentina has given mining companies Vale SA, Xstrata Plc and Barrick Gold Corp. 15 days to present plans to replace imports with goods manufactured in the country as the South American nation seeks to boost local industries....The increase in so-called local content for miners will occur in two stages... In the first, goods that are already produced in Argentina will replace imports, while in the second equipment and refining processes will be developed to increase so-called added value for the country. No time frame was given for the two stages.