Southern Copper Corp. (PCU)
Trading Center
Loading...
Symbols:
PCU Forum Topics
- All Comments on PCU
- General Discussion on PCU
- Looking Inside the New Ben Graham ETN Baskets [view article]
- Paradigm Capital Analysts Raise Base Metal Targets [view article]
- The Case for Copper [view article]
- The Top Dividend Paying ETFs and Stocks [view article]
- Jim Cramer's Mad Money Lightning Round Picks, 8/9/07 [view article]
- Peru’s Mining Strike Set to Continue [view article]
- Peru Miners on Strike [view article]
- What the Law of Diminishing Returns Means for the U.S. [view article]
- Southern Copper's Stock Split Doesn't Hurt Its Fundamentals One Bit [view article]
- Sticking with North American Palladium [view article]
- Copper Proves the Commodities Bull Isn't Over - Yet [view article]
loading ...Recent PCU Articles
- Looking Inside the New Ben Graham ETN Baskets
- Paradigm Capital Analysts Raise Base Metal Targets
- The Case for Copper
- Peru’s Mining Strike Set to Continue
- Peru Miners on Strike
- What the Law of Diminishing Returns Means for the U.S.
- Southern Copper's Stock Split Doesn't Hurt Its Fundamentals One Bit
- Copper Proves the Commodities Bull Isn't Over - Yet
- Sticking with North American Palladium
- Southern Copper: Buying and Holding is Boring, But it Works
- Full List of Articles »
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »
Looking Inside the New Ben Graham ETN Baskets [view article]
GREAT article! Thank you, very informative!Reply
ah
Looking Inside the New Ben Graham ETN Baskets [view article]
Just buy the S&P 500, this ETN will do no better than the overall index in my opinion ReplyCarson
Looking Inside the New Ben Graham ETN Baskets [view article]
Rick...Excellent article about ETNs!Just to clarify, however, there actually ARE 4 ETN's which currently do(or are planning to) pay dividends. (You had mentioned that "ETNs don't pay dividends, interest or capital gains")
The four ETNs which pay dividends are GCE (Goldman Sacks-Claymore CEF Index Linked ETN), BSR (BearLinx Alerian MPL Select ETN) ,PGD (Barclays Asian and Gulf Currency Revaluation ETN) and JEM (Barclays GEMS Index ETN).
GCE invests in a basket of 75 discounted Closed-End Funds following a CEF Index selected by Claymore Securities (claymoresecurities.com). GCE's distribution rate is variable with the past three quarterly dividends being $1.66, $0.28 and $0.64.
BSR is an energy infrastructure play which invests in fifty Master Limited Partnerships (MLPs) which track the "Alerian MPL Select Index" (alerian.com). One unique feature of this ETN is its issuance of a 1099 at year end, rather than the K-1 Partnership tax reports normally associated with individual MLP holdings.
Both PGD and JEM are currencies bundles pegged, to some extent, to the US Dollar, and were just recently brought to market by Barclays on June 18, 2008. PGD includes currencies of the Saudi Arabian riyal, Hong Kong dollar, United Arab Emirates dirham, Singaporean dollar and the Chinese yuan. The GEM bundle will include currency holdings from 15 Global Emerging Markets (hence the symbol, GEM) in Eastern Europe, the Middle East, Africa, Latin America an Asia. Both PGD and GEM will distribute interest earned on the locally earned currency deposits on a quarterly basis. The rates are yet to be determined. (ipathetn.com) Reply
General Discussion on PCU
Are there any of you folks into MTL? Russia's metal? ReplyGeneral Discussion on PCU
Can we display a spot price chart of copper along with the PCU price? ReplyParadigm Capital Analysts Raise Base Metal Targets [view article]
#1. The revision of copper prices to $1.75 raises their long term target from a previously lower level ($1.50?)#2. As a (albeit small) player in the copper/brass industry, I can assure you that the global slowdown is real and we are certainly not anticipating price to increase above $3.50 for the remaining of this year. The industry mode is definitely pessimistic and today's sell-off hopefully will shake some of the speculators and hedge funds out of the market. Don't expect anything positive near term, but likewise I doubt highly,with energy and production costs being what they are, will we see $1.75 ever again. Probably more like $2.50 to $3.00 before long term forces drive it higher again. Reply
General Discussion on PCU
Why all the weakness in PCU price? ReplyParadigm Capital Analysts Raise Base Metal Targets [view article]
The reason given for ever-rising copper prices is the same for lead, zinc, nickel and uranium, each of which has already dropped 60% from peak levels even though a global industrial slowdown is still just a prediction. The idea that copper could also drop 60% isn't that farfetched. Industrial metal prices always return to their marginal cost of production over the long term. Currently, that price is under $1.50 but set to rise perhaps to $2.00 in the next few years (on the other hand, it could decline if high cost producers go out of business).Electric cars won't be produced in large numbers for at least a couple of years. Even so, the average gasoline car today uses 50 pounds of copper, and SUVs clearly use much more than that simply by virtue of their size. Assuming an EV doubles the average and 10 million are produced (a BIG assumption), we are talking about "only" 500 million pounds, or 250,000 tons, of incremental copper demand.
More than that much has already been lost by the slowdown in global construction, which constitutes 40% of copper demand. I personally believe a 50% shrinkage in construction is possible when it bottoms in the years ahead, leading to a potential decline of global copper demand in the range of 1-3 million tons per year. No doubt this would be a temporary drop within the long term uptrend in demand but copper prices wouldn't care. They would fall 60%, just like zinc, lead, nickel and uranium already have.
My credentials: Holding a decent number of COMEX put options in copper (ie., putting my money where my mouth is). Reply
General Discussion on PCU
this is a buy! ReplyGeneral Discussion on PCU
Not to worry, PCU is doing what all stocks do after a split, down for a bit but it will come back up do to simple economics! You can keep it now or buy it later. Replyre
Paradigm Capital Analysts Raise Base Metal Targets [view article]
Let's see. A world moving towards electric vehicles as fast as it possibly can. Copper, the principal element involved in electric motors, drops 66%? Are you joking?And uranium's going to go down too I suppose? What with all those nuclear plants Westinghouse and Areva are building? Heck, those plants won't need copper since the distribution infrastructure is mostly in place.
But Toyota is going to need copper. Lots and lots of copper. Reply
Paradigm Capital Analysts Raise Base Metal Targets [view article]
Re: "However, they also revised their price targets on most metals upward"... The prices quoted above are considerably lower this year compared to forward years. Did you inadvertently confuse the two numbers??? i.e. Copper at $3.35 for 2008 and $1.75 long term? That isn't upward.Also, like to see some type of verification as to their creds. How successful have they been in the past? Did they catch major moves in advance? How do their prophesies compete against other market foretellers?
Thx jegan ;-) Reply
Paradigm Capital Analysts Raise Base Metal Targets [view article]
Re: "However, they also revised their price targets on most metals upward"... The prices quoted above are considerably lower this year compared to forward years. Did you inadvertently confuse the two numbers??? i.e. Copper at $3.35 for 2008 and $1.75 long term? That isn't upward.Also, like to see some type of verification as to their creds. How successful have they been in the past? Did they catch major moves in advance? How do their prophesies compete against other market foretellers?
Thx jegan ;-) Reply
Paradigm Capital Analysts Raise Base Metal Targets [view article]
Was this meant to be posted on April 1st??? Copper will be at least $5 in a year. ReplyParadigm Capital Analysts Raise Base Metal Targets [view article]
Copper will be closer to $5 in a year than $1.75. Count on it.The pundits that have been lowballing the copper price for the past five or six years seem to not have a clue as to the dynamics of global growth, the severe supply constraints, plus the urgent need for more local power generation and efficient transmission - and all of these point to higher copper prices, not lower.
India is now where China was about ten years ago - on the verge of explosive industrial and also consumer and housing growth. The number of new electric vehicles that will be produced in the next ten to fifteen years could drive copper up 100% from here, easily.
Copper at $1.75 is a ludicrous prediction - the impending collapse of the US $ alone virtually guarantees that that price will never be seen again, IMO. Reply