iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,445 Blog Posts

NEW PURCHASE: Look at Me, I’m a Zinc Miner Now

In addition to current zinc related positions, $TECK, $HBM, I bought the world’s second largest zinc miner today, acquiring a stake in $VEDL — localed in the slums of India.

Since I was already fully invested, this is a foray into leverage, a world replete with broken dreams festooned with wolf masks.

IMG_6308

The price of zinc has risen by 73% over the past year, the best amongst base metals. The core thesis is infrastructure spending. Zinc is mainly used to galvanize stainless steel, used mostly in car production and infrastructure projects.
IMG_6310

In my estimation, it will be next to impossible for me to lose money on these investments over the next 6 months. The world is a fluid confluence of events, so let’s see how this pans out first, before I begin the celebratory festivities.

If you enjoy the content at iBankCoin, please follow us on Twitter

17 comments

  1. infinitezuul

    Hell yes. Into the zinc mine and uranium laboratories!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. francis

    Fly, If you’re looking at this thesis, consider the ferro-niobium market which is add to value steel products.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. traderconfessions

    “Impossible for me to lose money on these investments” …. now where have I heard this before??

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  4. mr.wiggles

    Market feels like its a Friday afternoon in July before a long weekend.

    Total sleepah

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. cancel19

    “… broken dreams festooned with wolf masks.” LOL When they made Dr. Fly they broke the mold! LOL

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • derp

      When they made Peaches they were like shit, one million sperm and you were the fastest

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • cancel19

        Derp dumb ass, that was a complement to The Real Fly. Google that saying. You must be some foreigner or an ignorant millennial.

        • 0
        • 1
        • 0 Deem this to be "Fake News"
      • peaches

        Well it was a lazy hispanic jizz load… we took our time.

        At least I didn’t grow up to be an idiot who thinks Obama banned Cubans

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • cancel19

          Among us right wingers we do have trailer trash assholes. He didn’t even bother to check out my previous comments. Lazy fucker he is.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
  6. henceforth

    Yolo wolf is calling for the death of Amazon now. https://www.reddit.com/r/fscomeau/comments/5rgmhb/gentlemen_we_are_hereby_reunited_to_celebrate_the/

    Now that he’s broke he’ll probably be right this time

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  7. mushroomz

    IBC got a mention from MarketWatch.

    http://www.marketwatch.com/story/apple-trader-loses-massive-bet-or-did-he-2017-02-01

    • 2
    • 0
    • 0 Deem this to be "Fake News"
  8. husaria

    One does not galvanize stainless steel Mr. Dr. Fly. You get to wear wolf mask for one hour.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • cancel19

      Not all that is steel is stainless. Get with the program! Extra Metallurgy!

      • 0
      • 0
      • 0 Deem this to be "Fake News"