Metals stocks - Mirroring the LME

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Metals - Ferrous and Non ferrous
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Topic: Metals stocks - Mirroring the LME

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BubbleVision
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Posted: 12/Dec/2006 at 12:55pm

I for once have no idea on these... as these are not Traded on exchanges. However i have very very little knowledge about Uranium.

I would be very intrerested to know about the commodities you mentioned along with Cobalt and Radium. If someone knows any link please post it.

You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!

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Kalyan
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Posted: 12/Dec/2006 at 3:35pm

you get it from website www.uxc.com

kalyan

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BubbleVision
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Posted: 12/Dec/2006 at 3:56pm

Thanks Kalyan...for the excellent link.

You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!

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catcall
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Posted: 12/Dec/2006 at 8:04pm

Originally posted by Kalyan

you get it from website www.uxc.com

While this is a good link for Uranium, it does not have any details on tthe metal prices that I am looking for , namely zirconium, titanium and hastelloy.

If any boarder has any info. on sites which contain prices of these metals, do post it please....

There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing!

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BubbleVision
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Posted: 13/Dec/2006 at 3:06pm

This Information has been taken from Link

2007 Expected Commodities Price Changes

The table below highlights the consensus opinion on where commodities prices will go in 2007. The estimates are from numerous analysts polled by Bloomberg. The expected percent change for each commodity is calculated by the difference in the year-end 2007 consensus and the current price. Interestingly, the only three commodities that are expected to rise in 2007 are the three tracked mostly by the mainstream media -- oil, natural gas, and gold. All other commodities are expected to decline, with lead expected to fall the most.

Edited by BubbleVision - 13/Dec/2006 at 3:08pm

You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!

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basant
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Posted: 13/Dec/2006 at 3:12pm

That was quite informative.But any idea how much those consensus meets the actuals? maybe if you looked at last year's consensus you may be able to inform us further but if lead can fall that much EXide and amarraja should be clear winners - they have managed to pass on the increase in lead prices to the customers but I doubt if they would cut prices that much if lead falls 40%.

'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in

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basant
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Posted: 13/Dec/2006 at 3:15pm

ALso does this mean that we are looking at:

a) Strong dollar - most of the commodities are shown as going down

b) Bad for commodities stocks and particular markets as Russia and to some extent Brazil. (Russia is mostly oil as far as I can recall.)

'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in

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BubbleVision
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Posted: 13/Dec/2006 at 3:47pm

I dont know what were the consensus for 2006, but i am sure that all of them would be wrong...looking at what the market did. Copper Rallied 100% upto May-06 only to plune 25% thereafter. Look at ZINC .. it is still up more than 100% in 2006. And look at OIL. How it got from "Peak Oil" to Peak Prices".

Lead for one is very very volative on LME and it is advised not to trade in it. Copper is a SELL according to my studies on Daily Charts and a Buy on Weekly charts. If i would trade copper....i would be holding moderate short positions.

Strong Dollar:

I for one am NOT looking for a "Strong Dollar" anymore in 2007. However the real downside would come only if 80 goes on the "Dollar Index". Till that breaks... there could be a drift. Note that since 2002 the Euro is up 60% against the Dollar, while the Yen is UP "only" 10%.

This has resulted in the world with 2 week currencies ... (Dollar and Yen)... and Euro is taking the brunt. The Europe ministers are not too happy with that situation and just yesterday "French PM called that if ECB does nothing to stop the strength in Euro... they might have to go back to the French Franc" , which is unlikely to happen. This is surely throwing the world of currencies in a Tizzy.....

b) Bad for commodities stocks

If indeed the commodities do fall... then this would be the worst news for commodities stocks. Rembember ..... commodities stocks can go to zero but the underlying commodities would not do so.

An underlying weakness in Commodities would effet ... Australia (Base Metals -- Rio Tinto, Zinifax, BHP) , Canada (Base Metals), Russia (mainly Oil), Brazil (iron).

Major benefits of weak commodities would be to US (Base Metals), Japan (Oil) , Europe (Oil), China (Everything) .

You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!

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