Comments on: “The Next Franco-Nevada: Chaffee Revisited”

By: StockGumshoe

StockGumshoe — Wed, 03 Dec 2008 15:15:28 +0000

Could be … but I do find it interesting that Freeport McMoran is down 20% this morning, and all the big equipment makers (Bucyrus et al) are down big, too, but tiny ROY is holding on with it’s fingernails. All the big miners are acknowledging that they can’t make much money at these prices, and Freeport is shutting in some of their copper production.

Copper and Nickel continue to fall, too but International Royalty is up a hair today — don’t know if that means there aren’t any sellers left or not, but it is interesting. Copper and Nickel are both down sharply again this morning.

By: PeterM

PeterM — Wed, 03 Dec 2008 09:42:30 +0000

Hmmmm, the royalty trusts are down 80%. Mines are getting shut down all over. Are these? It would be nice if they mentioned that. Just because a stock is down 80% does not mean they are cheap. Good luck.

By: tt tan

tt tan — Wed, 03 Dec 2008 06:39:29 +0000

Thanks Travis,

Have dumped some money for nothing into some of
these teasers. Good thing you have opened my eyes
to these frequent teasers which I will not venture
inso except after reading your comments.

By: john sloan

john sloan — Wed, 03 Dec 2008 03:41:43 +0000

Thanks Travis
Have I seen Chafee? dozens of times – Every AGORA news letter is pushing it – plus I am getting hard copy in the mail. These dumb teasers are a turn off.
Now I actually have Mayer’s book – “Invest like a Dealmaker” and it is a fine investment book – and his ideas in that book are 180 degrees away from such things as this Chafee stuff. I think it is the AGORA copy writers who put out this stuff – it all has the same general pattern.
best wishes
john sloan

By: Brian

Brian — Tue, 02 Dec 2008 19:22:03 +0000

Commodities are ready for a Bull run. Will Nickel do as well as Gold and Silver? Not likely Given the recent drop from 15 to 4 and Gold’s down from 1200 to 700. I like gold here at it’s near lower levels of 790-840. Good Investing