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James Coffman

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  • Don't be Fooled by the Sell off in Mining Stocks

    By James Coffman - February 20, 2013 | Tickers: BHP, VALE, FMG, RIO

    The good news from the big iron miners is that they have all survived the great iron crash of 2012. The earnings reports we saw from Rio Tinto (NYSE: RIO), Bhp Billiton (NYSE: BHP)and Fortescue metals (ASX: FMG) and (NASDAQ: FSUMF) over the last week were as bad as we suspected they would be and the markets spanked them for it. Sure BHP and Fortescue's profits were down more »

  • Iron Ore prices surge into Chinese New Year

    By James Coffman - February 14, 2013 | Tickers: BHP, VALE, FMG, RIO

    I am very excited about the prospects for iron ore miners. Iron ore prices in China beat expectations, hitting $153/metric ton on Jan. 31, 2013, and continued to move up to $155.10/metric ton by Feb. 8. March contracts had also risen to $157.75/metric ton on the same day. Prices were surging as smaller steel mills continue to restock ahead of Chinese New Year celebrations. A more »

  • Why I Sold This Trust and Replaced It

    By James Coffman - February 7, 2013 | Tickers: BPT, NRP, RIO

    What are your main objectives in this crazy investing game? Mine are growth and income. I want to hold stocks for the long term and take advantage of low dividend and long term capital gains tax rates. Yeah, I am pretty bullish on basic materials right now, because my “Spidey Senses” are telling me that the recovery has started in earnest. So, my big thing right now is keeping my more »

  • Australian Iron Ore Rush

    By James Coffman - January 25, 2013 | Tickers: BHP, FSUMF, GE, RIO

    The race is on! The iron rush, in the Pilbara iron district of Western Australia, is in full force. Forget about watching the World Series, a horse race, or Monday night football. This race to increase iron ore production keeps me on the edge of my seat. The stakes are high and the profit potential is great.

    There are three main players. We have two very large and very diversified more »

  • Americans Can Get In On the Australian Minerals Boom

    By James Coffman - January 14, 2013 | Tickers: BHP, VALE, FSUMF, RIO

    Who would have thought Australia would deserve close scrutiny for investment? Not me--that is, until I visited Perth, in Western Australia. I visited in 2009, at the height of the great recession, and was immediately struck by the dynamic skyline. There were cranes everywhere; skyscrapers were being erected at an energetic pace. The population was cashed up and on the spend. Everywhere I went people were excitedly expounding on the more »