Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

carl, have you looked at Rh recently (almost $3000/ounce), you were worried about over supply. Right now buy PD ($220) and sell short Rh ($2890)looks like a good PM hedge, IMTO. If you cannot put your hand on Rh, then even the PT/Pd hedge ($930/$222), looks good. But Rh is hugely overpriced now. Another way to play this is buying PAL on the breakout above $6 (occurred late last week) or SWC (I would wait in both case for minor retrenches, SWC in the $9.5/$10 range and PAL to the $5.75/$6.25 range). I am not playing these myself, but for the longer term, like a year or two, these look interesting.