Sitting is one option but I prefer to be positively impatient...

First 21 Last

Share
Profile

Follow
Geeenius

632 Posts.

26

24/09/18

10:57

Post #: 35794706
Share

Originally posted by JID ↑

Morning Guys,

Thanks for the Cu inventory chart. I hadn't looked at that in a while.

In an interview on RealVision, some months ago now, Simon Hunt who is an expert in China and Cu demand/ supply forecast this weakness in Cu prices (and other base metals).

From his network of contacts throughout China, he surmised that China was cracking down on its shadow banking system in an effort to purge the financial system of excessive leverage well ahead of a major Communist Party anniversary in a few years. The aim being, that they want their economy humming at that point in time.

Cu is used as collateral in a lot of debt transactions in China and thus, when the debt is unwound, the Cu is sold. This, in part, could be the reason why there has been such a steady decline in Cu inventory:

Simon also stated a very positive LT view for Cu from a Chinese centric perspective due to the fact that what we have seen so far in terms of infrastructure build out has only incorporated 21% of the Chinese population resident in Tier 1 cities. The next phase of Chinese policy is to incorporate development for the remaining 79% of the population.

And then there is India, et al and as per Goehring and Rosenberg's research:

http://gorozen.com/

... they are about to enter their acceleration phase in the "S-curve" of their development.

An investment in MOD/ MTR is currently very frustrating and somewhat boring for a "junior" but as per Jesse Livermore, it is the "sitting" (patience) that will, IMO, fully reward investors here.

Cheers
John

Expand

Sitting is one option but I prefer to be positively impatient and have picked up another sub 40c parcel this morning. I am a bit gob smacked the value on offer here is not being recognised but sort of grateful at the same time.

MOD Price at posting: 39.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

HotCopper Highlights: Your most watched stocks for Week 47, 2024

There are more pages in this discussion • 24 more messages in this thread...

First 21 Last

Add MOD (ASX) to my watchlist

Sitting is one option but I prefer to be positively impatient...

Top Stories

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Sales growth pushes Lovisa's fortunes (and shares) upwards

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Scientific conference spotlights PYC's work on blindness disease treatment

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Featured News