RE:RE:RE:AGMJust bumping my own post from August 9 cautioning against trading out of the probable upcoming share consolidation.
Nothing has changed except the metals prices are now an even bigger beach ball RioT is having trouble keeping under water.
Look into your crystal balls boys boys and girls. Just how is any major central bank going to allow its currency to appreciate when governments have been spending like mad to keep their unemployed fed and housed, their businesses from going insolvent pending a post-Covid reboot?
My thesis, (obviously nothing original or in least mine alone, this train is getting packed with believers) is to promote economic activity, to get employment increased, central banks want inflation, they will keep supporting expanding balance sheets, and in a zero or negative real rate of return environment that means the US dollar will stay weak, commodity and precious metals prices will stay strong, and guess what?
OT underground is going to be a money machine. Revised guidance over and over, up up and away. And to get on board, in will flow investor money looking for rotational returns as their dear Amazon and Apple start to look positively scary in their valuations, and you, my dear, clever, early investors in a leveraged copper gold play will find yourselves in the midst of a momentum play.
Word of warning: we have doubled in a year. When this party ends it will do so fast. Start thinking about taking some money off the table because buying opportunities will come up when the blood is really flowing and even though the commodity thesis is good, when forced liquidations occur everything sells down. Everything.
Good luck, fun but slightly nerve-wracking days ahead!
We now return to your regular programming:
Poster one: This I suppose going up! Who hoo.
Poster two: What a dog. This is going down.
cg