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Originally posted by Skerrako
reply to post by moogins
thanks for answering my question so profoundly
it's like asking what 2 plus 2 is and you answer: CHEESEBURGERS
Originally posted by moogins
Watching Star Trek again? Ferengi Business School?
Just buy the Mines.
I recommend watching AMEX:GMO
Originally posted by moogins
I also give you a tip on what to watch. Why buy the end product / or by-product when you can buy into the source
Copper ETFs to glitter in commodities market
J P Morgan has already filed with the SEC an application for a physically backed ETF which, if fully taken up, would result in a holding of 61,800 tonnes of metal stored in the bank's Henry Bath warehouses. JP Morgan’s ownership of Henry Bath warehouses was viewed as a key element in the launch of its fund as the cost for storing copper would be low.
BlackRock also wants to launch a physically backed Copper ETF. It plans to issue up to 12,120,000 shares. The metal will be stored in London Metal Exchange-registered warehouses owned by Metro International Trade Services LLC. BlackRock's initial unit of the iShares Copper Trust Fund will consist of 2,500 shares, called a basket, backed by 25 tonnes of copper. One share would equal 10 kilos of copper (22.0462 lbs) but Black Rock intends that only “baskets” are tradable. - Full Text
Originally posted by OBE1
reply to post by moogins
Originally posted by moogins
Watching Star Trek again? Ferengi Business School?
Just buy the Mines.
I recommend watching AMEX:GMO
Originally posted by moogins
I also give you a tip on what to watch. Why buy the end product / or by-product when you can buy into the source
I maintain an active portfolio of base/pm small cap miners so I'm pretty familiar with the sector. GMO may ultimately prove to be a good speculative play on moly, but why would you recommend a development stage molybdenum miner as a source for platinum ?
GMO is a primary moly play with a side-dish of copper & silver [bi-product] on their Liberty concession. Read GMO's NI 43-101 resource estimates and the 2008 pre feasibility study....you won't find an ounce of platinum.
GMO
******
Hey Skerrako, both JPM & Blackrock have increased their footprint in the copper market recently, ostensibly soaking-up supply to back their upcoming copper based ETF's. Could there be some new platinum ETF's on the horizon ?
Copper ETFs to glitter in commodities market
J P Morgan has already filed with the SEC an application for a physically backed ETF which, if fully taken up, would result in a holding of 61,800 tonnes of metal stored in the bank's Henry Bath warehouses. JP Morgan’s ownership of Henry Bath warehouses was viewed as a key element in the launch of its fund as the cost for storing copper would be low.
BlackRock also wants to launch a physically backed Copper ETF. It plans to issue up to 12,120,000 shares. The metal will be stored in London Metal Exchange-registered warehouses owned by Metro International Trade Services LLC. BlackRock's initial unit of the iShares Copper Trust Fund will consist of 2,500 shares, called a basket, backed by 25 tonnes of copper. One share would equal 10 kilos of copper (22.0462 lbs) but Black Rock intends that only “baskets” are tradable. - Full Text
Related: JPM Corners Copper Market, LME Says Not To Worry, All Is Good
Originally posted by moogins
Yes it is primarly a Moly play, just what China is buying up. Oh wait they already did That is a 20 USD stock written all over it Hint Who cares what ore they got.
Originally posted by OBE1
Originally posted by moogins
Yes it is primarly a Moly play, just what China is buying up. Oh wait they already did That is a 20 USD stock written all over it Hint Who cares what ore they got.
The subject here is platinum, so I would assume the OP cares, as do I, and probably anyone that takes the time to read his/her thread. Your comments added zero value to the topic.
If you want to post stock picks....log-on to Yahoo. Pumping & pimping is tolerated there.
so they can't inflate and devalue the currency anymore along with running us into ridiculous amounts of debt.
Hey Skerrako, both JPM & Blackrock have increased their footprint in the copper market recently, ostensibly soaking-up supply to back their upcoming copper based ETF's. Could there be some new platinum ETF's on the horizon ?
Just waiting for a brave person with the support of the public to bring it forward is this bill proposed by Dennis Kusinich in Dec '10 it abolishes the Federal Reserve and Fractional Reserve Banking, but no mention of gold. You can dowload a pdf copy. HR: 6550 National Emergency Employment Defense Act
Metal is metal who cares what name it has.
Originally posted by Skerrako
reply to post by moogins
Metal is metal who cares what name it has.
You're right, iron, gold or aluminum it's all totally the same.
That's why my car has a frame made out of silver right?
Originally posted by moogins
Silver Gold blah blah yes yes. China is buying up RE and Moly, not Silver or Gold.
Originally posted by OBE1
Originally posted by moogins
Silver Gold blah blah yes yes. China is buying up RE and Moly, not Silver or Gold.
Just to cover domestic demand, China, the worlds largest Gold producer, and 3rd largest Silver producer is importing record tonnage.
China gold imports soar six-fold on investment demand
China Silver imports hit record 3500 tons in 2010
Chinese imports of Platinum jumped 40% in 2010
I'll leave this troll to y'all youngsters