Patience is the KeyJust got back from holidays and admit I was quit shocked that I could pick up some more FSY in the low 1.60s as well as many other resource plays for discounts. Nothing has changed here and the resource selloff is an opportunity in my opinion. Of course will the parabolic lift off over last several months an abrupt correction was due and the selloff may not be over yet.
U.S debt is huge and will keep growing, FED may pause short term, but will continue hiking once they can't hide inflation even with their corrupt accounting. Gold is not at $700 for no reason!!
Can't predict where we'll be in a week or a month but lets look back at this in a year, 2 or even further out and see where we are. You think the U.S. will have less debt? Will they be out of Iraq? Will they drive less? Will they have a more responsible govt?
And then to make things interesting let throw in China and India into the demand mix. I'm staying long FSY and resources in general. Just my opinion.
Good Luck!