Global Mining Investing $69.95, 2 Volume e-Book Set. Buy here.
Author, Andrew Sheldon

Global Mining Investing is a reference eBook to teach investors how to think and act as investors with a underlying theme of managing risk. The book touches on a huge amount of content which heavily relies on knowledge that can only be obtained through experience...The text was engaging, as I knew the valuable outcome was to be a better thinker and investor.

While some books (such as Coulson’s An Insider’s Guide to the Mining Sector) focus on one particular commodity this book (Global Mining Investing) attempts (and does well) to cover all types of mining and commodities.

Global Mining Investing - see store

Click here for the Book Review Visit Mining Stocks

Download Table of Contents and Foreword

Sunday, February 17, 2008

BHP, RIO looking good, steel companies facing higher costs

Coincidentally, after suggesting selling steel companies Bluescope and OneSteel, I see a report out today that "Japanese agree to 65% Iron Ore Price Gain". Thats a big increase. I dont follow iron ore prices so closely, but I suggest this merely reflects the Japanese & Chinese conceding that they have to accept the annual price setting negotiation system that has been in place for decades. Until now they have avoided the system, resulting in an increasing amount of iron ore being sold into the spot market. Acceptance of the system seems to acknowledge the risks of not helping to finance new projects, as well as the risk of not securing the product they require.
Anyway, higher iron ore and coal prices is good for Rio Tinto and its takeover suitor BHP-Billiton. Both are huge producers of iron ore, though I prefer BHP at the time for its greater coking coal exposure, but there will come a time when thermal coal (Rio Tinto) makes more sense. The takeover might reflect that.
The flipside is that this news confirms my recommendation to sell off the steel companies because they will confront higher raw material costs.
-----------------------------------------
Andrew Sheldon www.sheldonthinks.com
Posted by Andrew Sheldon at 6:12 PM
Labels: , , , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Japan Foreclosed Property 2015-2016 - Buy this 5th edition report!

Over the years, this ebook has been enhanced with additional research to offer a comprehensive appraisal of the Japanese foreclosed property market, as well as offering economic and industry analysis. The author travels to Japan regularly to keep abreast of the local market conditions, and has purchased several foreclosed properties, as well as bidding on others. Japan is one of the few markets offering high-yielding property investment opportunities. Contrary to the 'rural depopulation' scepticism, the urban centres are growing, and they have always been a magnet for expatriates in Asia. Japan is a place where expats, investors (big or small) can make highly profitable real estate investments. Japan is a large market, with a plethora of cheap properties up for tender by the courts. Few other Western nations offer such cheap property so close to major infrastructure. Japan is unique in this respect, and it offers such a different life experience, which also makes it special. There is a plethora of property is depopulating rural areas, however there are fortnightly tenders offering plenty of property in Japan's cities as well. I bought a dormitory 1hr from Tokyo for just $US30,000.
You can view foreclosed properties listed for as little as $US10,000 in Japan thanks to depopulation and a culture that is geared towards working for the state. I bought foreclosed properties in Japan and now I reveal all in our expanded 350+page report. The information you need to know, strategies to apply, where to get help, and the tools to use. We even help you avoid the tsunami and nuclear risks since I was a geologist/mining finance analyst in a past life. Check out the "feedback" in our blog for stories of success by customers of our previous reports.
Download Table of Contents here.