COPPER
I mentioned elsewhere several weeks ago that copper prices were now ridiculous and bore no relationship to genuine supply and demand - i.e. the two were pretty well in balance.
The newspapers have now started regular and noisy comment along similar lines.
Thus, any copper plays along the lines of KAZ are looking increasingly dangerous, with sp swinging violently as the base copper price does likewise.


GOLD
The run on bullion has been staggering ...... Wish I hadn't got out several weeks back, but shouldn't complain!
At the moment, the impetus is still very firmly upwards, though it is hard to believe that there will not be some serious profit taking ..... though I thought that when I sold my position!

For all that, there are lots of good gold shares to follow, many of which are already well known on this board ...... To those, I would add POG which is an excellently run company, being the biggest gold producer in Russia ..... I strongly recommend you guys to have a look at it, not least because sp has come back a bit following their results.


NICKEL - ENK
Nickel is one of the key elements in stainless steel.
Demand for stainless continues to grow hugely, especially in China (of course!).

ENK has perforned well over recent weeks and has at last broken through 40p.
200 MDA is gently tracking upwards, and I would expect that angle to sharpen.


TITANIUM DIOXIDE - TIO
This is a key composite in the manufacture of paint etc

TIO is sponsored (if that is the right word) by Peter Hambro and POG (qv), and again operates out of Russia ...... prospects for the company and thus its sp are, (IMO) very good indeed, notwithstanding that local infrastructure is somewhat dilapidated and in desperate need of inevestment etc etc ...... However, that would seem to be forthcoming.

A recent bullish trading update makes this share (IMO) well worth a place in a commodity portfolio.

Cynic,

Good idea for a thread IMO.

Kenmare (KMR) operate out of Mozambique, and will soon (Q1 2007) begin production of Titanium Dioxide.

Around 60% of production is hedged now, and KMR are confident they will be able to obtain internationally quoted prices for the remainder.

The resource has recently been upgraded, and with the increase in demand for TI2 augurs well for the long term success of the company IMO.

Excellent thread guys

"My man" just put me into APF, though I have yet to find out the exact logic or target price sought ..... All I know at the moment is gleaned from the company's web site .... have not had time to check out other than a quick glance ....

"Anglo Pacific Group's activities include:

The ownership of a royalty entitlement to the output from the Kestrel (formerly Gordonstone) and Crinum underground mines in Queensland, Australia operated by RTZ and BHP Billiton respectively

Coal and coal bed methane interests in British Columbia, Canada

Strategic stakes in gold and PGM mining operations in Australia and North America

A substantial talc deposit in Shetland, Scotland"

thought it was time to revive this thread .......

GOLD
the price of bullion often reflects the strength or weakness of $ - i.e. when $ is weak, bullion price rises.
that aprt, slightly strange things have been happening of late with the price of gold being even more volatile than usual, with recent lows around $726 and highs just over $770, if memory serves me right.
there is certainly much talk about gold rising to about $850 in the very foreseeable future, so for those who don't mind the helter-skelter, it is worth considering buying in on the next significant dip.
however, the bottom of the chart shows $595 or thereabouts could be hit without breaking the upward trend.

for shares rather than the hard stuff, then i will tout POG yet again


NICKEL
this has been the most recent sexy commodity, with the result that the price soared to about $55k per kilo not so long ago, only to fall back by abouit 60%.
it has now recovered to about $27k, but informed sources tell me that true physical stocks are currently about 120k/k, which is sufficient to make 1m/t of stainless, and rising sharply (not sure i believe the last bit)

TMC has been recent favourite, but sp has tumbled sharply in line with the fall in the underlying metal ..... nevertheless, a major - e.g. BHP - might just perceive this as a cheap way of buying into what looks to be a significant source.


MOLYBDENUM
this is the other key element affecting the price of stainless and could easily be the next to attract the attention of the derivative traders.

i know there must be some good stocks for this, prob one with strong and proven copper reserves, but input from other "friends" would be useful

From a short term perspective I wouldn't be surprised to see gold return to the $700 level - it may even dip to $680 just to unnerve some. But only short term and further out $800-$1000 long term should not be ruled out. You can also see similar thought process in the POG USD bond announced last Friday with a gold option ($1000).

I've also been buying Hambledon Mining (HMB). This still looks very cheap to me and could well be a rising star.