I have not posted here in quite awhile. I registered this name months ago after having my name "Pointing Out the Obvious" stolen by the troll. I no long use that name.
I have not posted here in quite awhile. I registered this name months ago after having my name "Pointing Out the Obvious" stolen by the troll. I no long use that name.
I am the real POTO.
I am Spartacus!
15 year returns on the SP500 finally edged above 5% per year! Hoorah.
5% returns at 14% tho - not too shabby that.
15 year return Barclays US Aggregate Bond 5.17%
Michael Douglas wrote:
I am Spartacus!
No, I am Spatacus! And the real, true, one and only original Pointing Out the Obvious.
And POTO is the serial handle thief on this thread.
But everybody already knows that.
Some doubt.
Should I be buying or selling?
Should you run more or run less?
Wax on, wax off.
Awesome dude.
Dig this Davey:
Igy, on the low price of copper - it's looking like a big part of the low price is due to increased production, not lower demand. Which means low prices for copper may not be such a negative sign of the world economy.
http://www.wsj.com/articles/copper-miners-pain-doesnt-stop-buildup-1448325676?alg=y
Mining companies are digging up record amounts of copper even as prices plumb new lows, a strategy that threatens to deepen a four-year bust.
Global copper production is on track to hit an all-time high of 18.7 million metric tons this year, according to BMO Capital Markets, and many analysts predict it will expand until at least 2019.
The reason: Companies such as Freeport McMoRan Inc., MMG Ltd. and Southern Copper Co. that have sunk billions of dollars into new projects are pushing them to completion in a bet that the larger, lower-cost ventures will help them weather the rout.
Once up and running, the new mines will be profitable even if copper prices drop below $2 a pound, a level last hit in May 2009. The cost of producing a pound of copper at Freeport’s Grasberg mine in Indonesia will drop to 61 cents next year, from an estimated $1.05 in 2015, according to BMO.
On Monday, copper prices hit a 6½-year low, with December futures down 1.7% at $2.0210 a pound in New York. Year to date, copper is off 28%.
Advice needed please wrote:
Should I be buying or selling?
Now that the trolls have chimed in, I thought I'd bump this in case any serious knowledgeable posters want to offer anything. Thanks in advance.
agip,
The fall in energy and commodities is in large part the result of China's shift from export driven economy to one centered on developing internal demand and growth of services. Also, during the financial crisis China stimulated their economy thru infrastructure projects and their infamous Ghost Cities. The response to this drop in demand by commodity and energy companies is to increase production at lower prices in order to pay the bills. In the end this strategy will drive out high cost producers. The question that remains when does the downturn end.
Igy
Ghost of Igloi wrote:
agip,
The fall in energy and commodities is in large part the result of China's shift from export driven economy to one centered on developing internal demand and growth of services. Also, during the financial crisis China stimulated their economy thru infrastructure projects and their infamous Ghost Cities. The response to this drop in demand by commodity and energy companies is to increase production at lower prices in order to pay the bills. In the end this strategy will drive out high cost producers. The question that remains when does the downturn end.
Igy
yeah looks like a combination of factors.
But just to be factual, demand for copper is not dropping - demand is up...just not up as much as it has been for a few years.
growth in demand for copper:
2013: +3.3%
2014: +2.7%
2015: +2.1%
http://www.statista.com/statistics/242781/copper-demand-and-supply-growth-rates/