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
23,429 Blog Posts

THE INFLATION TRADE PRESSES ONWARD; BASE METALS EXTEND GAINS

We’re all gonna make a fortune long these base metal stocks, such as $TECK, $VEDL, $TGB and $HBM.

As of right now, gold is higher by 0.7%, zinc +0.65%, lead +0.4%, nickel +2%, copper +1.1%, tin +0.3%, aluminum +1.6%, palladium +0.8%.

Also, BMO upgraded shares of $CCJ to outperform, which should lend credence to the uranium play.

Futures are flat; but optimism is soaring.

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5 comments

  1. mr.wiggles

    You should just sell $TECK before earnings Friday if you’re really that nervous.

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  2. dmfracer

    Fly’s on tilt

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  3. anjingbauwau

    LUN FM LIF CS are a couple names trading on Toronto for those interested in the base metals…

    USAS is a silver name that recently started trading in NY….. these guys have no debt and have not sold any royalty streams …they are financing themselves through free cash flow……DYODD.

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