TSXV:AAA.P - Post by User
Post by
lotusprinceon Dec 03, 2013 8:42pm
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Post# 21966469
You heard this here before
You heard this here beforeIf you know the reason of sell off then you are probably smart !
There are 3 reasons:
a. Like CAM says cheap shares for Nova finding there way to market
b. No news on cartel patch up
c. Good growth story in US & FED tapering is damming the slect sectors like Gold, emerging markets with most money flow going into US markets. Potash juniors without funding are equally impacted.
You probably cannot do much about Nova shareholders and it is done deal that Uralkali and Belruskali will patch up over next 2 months...remember it takes time and things are happening.
US economy view is equally significant. Many believe the economy cannot survive without FED's 85billion bond buying while some say growth is real. Middle ground is that sequester which was enforced from March'13 will begin showing impact on US economy after 9 months i.e. from december'13. (economic cycles) By Feb'14 it will be clear if tapering is going to happen or not based on Jan'14 data. If tapering happens gold, juniors, emerging economies, debt & dividend stocks will be hammered very hard on contrary if taper does not happen then gold will rocket to $2000...simply put the USD will be weakened due to money flow out of US.
Last time when US trade lowest to Euro in 2010 ...just remember Allana was trading north of $1.75. You may be lucky again !