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The Police Caught Me Breaking into a Freight Yard in ChinaBy
Monday, September 15, 2008
The fence rattled. I looked around. A man had just come through the gate behind us. I could tell by his light blue overalls he was a railroad worker... Coming into Urumqi from the west, I saw lots of tank cars carrying gas, and wagons full of coal. So China is importing energy from central Asia and Russia. I also saw wagons full of scrap metal heading for China's manufacturing centers. To get on a freight train, you go to the classification yard, find the departure track, and wait for a train with a suitable wagon (tank cars and closed box cars are no good but grain wagons and open-top gondolas work fine). Then, when no one's watching, you hop on and hide until the train pulls out.
Good investing,
Tom Market NotesNEW HIGHS OF NOTE LAST WEEK Covidien (COV)... medical devices Tootsie Roll (TR)... candy General Mills (GIS)... food La-Z-Boy (LZB)... furniture Tanger Factory (SKT)... outlet malls Foot Locker (FL)... shoes Steven Madden (SHOO)... shoes Shoe Carnival (SCVL)... shoes BioMed Realty (BMR)... biotech and medical REIT Johnson & Johnson (JNJ)... health care "hedge fund" NEW LOWS OF NOTE LAST WEEK Nucor (NUE)... steel Eni (E)... Big Oil Total (TOT)... Big Oil eBay (EBAY)... auctions Sotheby's (BID)... auctions Cemex (CX)... cement Tyson Foods (TSN)... chicken producer Archer Daniels Midland (ADM)... agribusiness Bunge (BG)... agribusiness U.S. Global (GROW)... asset manager Lehman Brothers (LEH)... investment banking Shaw Group (SGR)... infrastructure Foster Wheeler (FWLT)... . infrastructure Jacobs Engineering (JEC)... infrastructure ABB Ltd (ABB)... electrical infrastructure Joy Global (JOYG)... mining equipment Goldcorp (GG)... gold mining Barrick Gold (ABX)... gold mining Newmont Mining (NEM)... gold mining Yamana Gold (AUY)... gold mining Cameco (CCJ)... uranium mining Silver Wheaton (SLW)... silver royalties Anglo American (AAUK)... diversified mining North American Palladium (PAL)... palladium mining Freeport-McMoRan (FCX)... gold and copper mining New Frontier Media (NOOF)... pornography Templeton Russia Fund (TRF)... Russian stocks stink International Game Tech (IGT)... gambling machines Platinum, Palladium, Wheat |
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