YTC 0.00% 23.0¢ ytc resources limited

gold and copper

  1. 1,239 Posts.
    Currently gold futures are sitting in contango through June of 2018, as far as contracts are currently offered.
    http://seekingalpha.com/article/855321-gold-silver-natural-gas-sitting-in-deep-contango
    Which means that if we hedge now by forward sale, we should get even more than $ 1735 - which means that Hera will be wildy profitable. Way to go imO ...

    Copper prices are up on China getting serious with lots more stimulus:
    "In the announcements over the past two days, the National Development and Reform Commission, a top central planning agency, has approved 25 urban rail projects, 13 highway construction projects, seven waterway projects and nine waste water treatment plants. The total cost of the projects is estimated to be about Rmb1tn, or 2 per cent of gross domestic product."
    http://edition.cnn.com/2012/09/07/business/china-stimulus-infrastructure/

 
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