Monday, October 18, 2010

Steel Prices Continue to Be On the Rise-RXAC

Email not displaying correctly? View it in your browser.Facebook Like 

The Weather Forecast for the Steel Industry Has Turned to Blue Skies

Dear fellow investor,

Resource Exchange of America Corporation (OTCBB: RXAC), a Florida-based recycling powerhouse, has received quite some tailwind from news this week:

According to the Wall Street Journal, the price for scrap metal is up 4% from September to October, while other kinds of metals see increases as high as 12%. The upward pressure on the scrap metal prices is primarily due to cutbacks in China as producers attempt to meet year-end energy targets. As Chinese mills currently account for around half of the world's steel output, any changes in that market is sure to have a major impact on the scrap metal industry. RXAC should therefore be able to sell their scrap metal at higher prices.

Also, the GMS Weekly Report for October told about above-normal prices for asset recovery of decommissioned ships: one notably high profile purchase was tanker Swift Resolute that found a cash buyer willing to pay $460/LT LDT, far above the current scrap market value of $394/LT LDT. The GMS Weekly Report anticipates further deals of this kind. This could be seen as an expectation of higher scrap metal prices in the long run as well.

Combined with RXAC's announcement earlier this week that they had signed a Letter of Intent with the National Energy & Waste Commission LLC for delivery of a minimum of 100 tons of pre-sorted metals per day from a new power plant that they are going to build, this is extraordinarily good news.

Not only is RXAC going to be able to purchase a steady stream of pre-sorted metal from National Energy & Waste Commission LLC at sensible prices, but now RXAC can expect to add 4% to their bottom line due to higher prices worldwide.

And finally, last month's highly anticipated report from California-based Global Industry Analysts (GIA) showed that while the scrap steel industry was hammered by the global economic meltdown in 2008 and 2009, scrap steel consumption is forecasted to bounce back to 631.5 million metric tons by 2015. This is partly due to improving automobile sales and a recovery of the building industry, but also to continued demand from Brazil, India and China.

So RXAC could actually expect even higher prices in the next 4-5 years, which will make their agreement with the National Energy & Waste Commission LLC even more profitable.

Overall, to Resource Exchange of America Corporation (OTCBB: RXAC), rising steel prices and their ability to secure a long-term flow of pre-sorted scrap metal is extremely positive news!
News that is going to support their business plan of increasing revenues 1,200% and profits 950%. Increases that should be equally reflected in their share price as well.

Do your due diligence, and follow this company closely – and add a nice chunk of shares to your portfolio while you're at it, if you want to be in on this steamroller of gold!




©2010 GBS Alerts, PO Box 64, Gibraltar At GBS we value your privacy, if you believe that you have received this email by mistake please modify your subscription options.


Gbs Alerts sent this email to cu63263.caretake@blogger.com
Questions? Contact Gbs Alerts or Gbs Alerts, c/o FanBridge, Inc. - 14525 SW Millikan Way, #16910, Beaverton, Oregon 97005, United States

Unsubscribe | Update your information | Privacy Policy | Forward to a Friend

This email message is powered by FanBridge:
FanBridge - Powering Valuable Fan Relationships

No comments:

Post a Comment



Webcam software identifies movement, triggers alarm, captures snapshots, records video, and sends captured images by e-mail

Web camera software identifies motion, triggers alarm, captures snapshots, records video, and sends captured images by e-mailWebcams are usefull for more than just making internet communications more practical. They can in addition be an enormously valuable tool for use in home or corporation protection. Application is now accessible that can detect motion and use it as a trigger for several events.
The way that it works is to analyze the image sent by a webcam that is either connected using USB or via a video capture device for motion. Once it picks up that motion, it can therefore acquire any number of actions, including triggering an alarm.
A more popular application, though, is to either send live shots of what is happening in the picture that is covered by the webcam or to even broadcast by online broadcasting precisely what is happening with both audio and picture. If installed covertly, this software could even be used for covert surveillance.
Given the large amount of systems that either have a webcam connected or can support one, this is an excellent way to inexpensively and effortlessly defend the spot around that property from invasion or robbery.

I'm using web camera application. I can webcast Internet video to view my home from anyplace.

Web camera software detects activity, sounds siren, captures snapshots, records video, and sends captured images by email With my new webcamera software, I can run a broadcasting webcast of my apartment viewable online. This opens up a number of possibilities, the surface of which has not even been scratched in today's world. I can use this broadcast for surveillance purposes, allowing me to watch what's going on in my home at any moment from a remote watching pc.
As long as I have the webcam running and a remote station with Online access, I can watch the apartment. With the application and the camera, I can change the settings to capture video, sense motion (if I don't want to keep the camera running at all times), or use a mixture of a live feed and recorded video to implement a security system that takes full benefit of recent technology.
With a capture card, I can easily move appropriate video and screenshots to use on any station.
With delicate data on my pc and expensive belongings in my apartment, it only makes sense to have a security setup that I can monitor whenever I feel that my privacy is being compromised. If I owned a small business or lived with roommates, I couldn't imagine living without it.

New professional protection application works with any camera, Internet cameras, and major capture cards.

Web camera software identifies motion, sounds siren, captures images, records video, and sends captured images by email Surveillance software has become so sophisticated that the typical user who has been busy minding his office instead of pouring over electronics and ip technology articles can be easily overwhelmed when it comes time to install or update his security system.
Luckily, there is new professional surveillance application that simplifies much of the decision making. You don't necessarily have to get rid of a working analog closed circuit TV system in order to update to a broadcasting video that can be watched from any online connected station or 3G phone. Video capture cards can digitally convert the pictures for broadcast. Until yesterday, there had been no real attempts to regulate the new IP cameras; every make and manufacturer functioned a tiny differently. And when you throw web cameras into the merge, using one application to rule them all was unwieldy.
Professional security application is now accessible that will work for any web camera or IP webcam and for most capture cards as well. You can supervise anything your motion sensors are picking up at your home or firm while you can be half a world away. The software itself may not be simple, but it can get life simpler for you.

My Blog List