RE: RE: commoditys 2010 & beyondHockey, do you remember the G&M article that I posted here. It said that if the Chinese pig farms start to see the price of copper falling they could cause a major drop in price if they get nervous and unload the stuff. So far they haven't. I can't find it but here's a similar one. I guess the talking heads get together ever so often and make sure they put out the same story.
Here's an old article from Aug.
https://www.resourceinvestor.com/News/2009/8/Pages/China-pig-farmers-could-sell-copper-stockpiles.aspx
“These stockpiles are in ‘weak hands’ as speculators have no real use for base metals,” Liu wrote. “When the market sentiment turns, they are very likely to turn into quick sellers, especially when the bank’s money is involved.”
Here' an old article from Sept.
China’s Pig Farmers Amass Copper, Nickel, Sucden Says
https://www.bloomberg.com/apps/news?pid=20601109&sid=a1B_ZBQfii8Q
“People who have nothing at all to do with the copper trade have been buying copper as a store of value, much likethey would with gold,” said
Jiang Mingjun, an analyst at Shanghai Oriental Futures Co.
“But it isactually those who take a pessimistic view of the economy and are looking to preserve their wealth who are buying.”
So far I haven't seen Chinese buying or investing big time in any Gold companies but I might have missed it or forgot. They just recently bought a medium size junior copper play and that's why Coro has taken off. I know for a fact that they did buy big time into Tech last year 2009 and that stock which I choose not to pick up at 5 bucks (had my finger on the buy button but didn't click it) and watched it go to 4 bucks and said to myself that was a good move not to to buy in and now it is way over 25 bucks today. That was my worst non move for 2009. So my wild guess is that Chinese which supposedly has major cash (the talking heads are telling me this) is looking for copper & nickle plays. If my wild guess is even close then 2010 should be an interesting time for copper and nickle plays. I didn't forget gold. Gold is still in high demand as many posters have posted the reason for it. Bottom line copper,nickle and gold is the place to be for 2010.
My other wild guess is that 2010 could see lots of bidding wars like the recent FWR deal and now it looks like Gold corp is getting into it with Minera Penmont. So the million dollar question is which company is going to get taken out and if your lucky to be a holder and they start a bidding war then cha ching.
My wild guess is RR.v. I don't own it but I use to.I own Gold corp and my wild guess is that they could be a possible suitor but that is just a wild guess. Anybody else have any picks?
MM