In response to you're PM. Must read on you're part. It isnt just that blind luck that is occuring but MKT condidions on many fronts. Let me just tip of the Iceburg rpt to you. Part A) Copper wharehouses are down 80% (copper may end up being a hard catchup mineral for 5 to 6 years supply meets demand if that. Part B) shortages of Copper now are also not just the digging into wharehouses, strickes, laws enacted by Indonesia, and curtailment of overall investing into the minerals market by investing groups and institutions. Part C) Heavy investing into the TMT area of the economy as these areas have very high paybacks. Here is you're must read issue: Specific areas of anticipated strength include cross-border investments (industry-wide), consumer and the integrated telecommunications, media and technology (TMT) sectors. Specific highlights from the study include the following: • The value of year-to-date exits at US$227bn is fast approaching 2013’s total of US$282bn.
• Survey respondents expect the consumer and integrated TMT sectors to have the best opportunities for private equity. Interest in the integrated sector is driven by technology investments, which comprise 75% of year-to-date TMT buyouts. There were 149 TMT buyouts worth approximately US$28bn so far this year.
• On average, cross-border transactions will make up 30% of respondents’ acquisitions over the next 12 months. The notable proportion of cross-border investments by PE firms can be attributed to attractive investment opportunities across the globe. Survey respondents report that 66% of North American, 40% of European and 33% of A Part D) Heavy or saturation investing into TMT, these are those whom would of by and large been supporting Mining projects etc. Looking for a big payday they are smartly so in so many cases, BUT in their QUEST, Pray tell me who is going to meet their demands for Copper Gold Silver Lead Zink, imo this connundrum should only backfire to the point that Mills wont be able to meet new supplies for the TMTs, as the short term supplies are at record lows about 20% left of stock available to normal supply. So that tells me these minerals are all falling short. Gold and Silver will not be aquired solely for Banking needs, manufacturing should really press very hard on the supply side and come up far short to meet demands, needless to say leaving open a very large DOOR for Jrs to bounce back into favor. Newtons LAW applies here, the pressures of Financial restructuring if Switzerland goes to GOLD and short Global supplies in emerging TMTs needs will need to be filled, Sombody dropped the BALL and its going to "BOUNCE" back putting the suppliers into the most favorable light, IMO!!!!!!! http://www.duffandphelps.com/intl/en-ca/Pages/newsDetail.aspx?itemID=624&list=News