RE: RE: MondayIf we crash there's no safer place to be. Everything will get trashed. No bank nor sovern will be safe. Countries can be destroyed and banks bankrupt but our shares entitle us to go to the hill with a shovel and take what we own. This is why I buy land. Land doesn't crash. You can burn it and it will come back stronger. Things of value grow in it. It accrues value slowly so I invest in ground in different ways like copper mixed with gold and moly. That tends to grow faster.
With all the doom and gloom that even I have said will come to pass there is always a rebound. We also noted in our examination of the facts that Brazil and a few other countries are not being impacted as much bu this. The Swiss actually watered down the Frank to slow the onslaught of investment because they don't want Dutch diesease. Canada is preparing to take as much FDI as we can handle. Google the reports and study folks. If you don't see the undercurrents then stuff like S&P takes you by surprise. I am not surprised at all and I am getting a better handle on what Monday will look like.
Those of you who want to sell Monday morning might want to wait 15 minutes. The shysters may try to fool you with a 220k dump. If they do it then others will follow and it will be self reinforcing. Bottom line, you don't have the pretrade weighting they do so you'll get screwed. You needed to sell Friday. Smart people will put in stink bids. Yes we could plummet for a very short time and the shares will be bought up as fast as you can hit the sell button. What does that tell you. I sold a 40k block and it was gone instantly. I then started to buy at 1.46 all the way to 1.56 just to get them back. I made some money.
Currently, my thinking is that the short attack will end in the afternoon if they attempt to ramp it up one more time on Monday. This should give us a chance to play the game for some real coin. There should be a continued sell off of risk assets of which we are mid tier. As a mid tier we are more likely to be a hot trade than a rout. You will have notice that some juniors like HPY hardly traded a share and stayed within their normal price deviation. I think this will hold for a while longer. Our finance minister also said he has ammo if things get ugly. The reason he has them is because we saw this coming and didn't waste them on the last election. Yes, we saw this that far back. One of our stunts will be the opening of our markets and commodities to FDI at the block level and Quebec needs tunnels and bridges. We can command low interest rates while getting plenty of money to move ahead. The road to Alaska and a few other massive scale projects can be funded in this way and the payback for the infastructure will be user based not taxpayer funded. (Did that come out loud? Probably shouldn't have mentioned it publically. lol). All the protection we need is to restrict the transfer of ownership by requiring Canadian directorship just like china does. That way we can let FDI's own deposits and stuff and not be worried about the profits leaving the country enmasse.
We need to create a new class of AAA bonds in Canada. I know a few CEO's who plan to do what Teck did and eliminate short term interest and offer long term bonds. Did anyone see that in Teck's manouver? No? Shame shame. Watch and see money pound the doors of our companies. Canada will start taking over the Americans dominance and they know it. Old money from the EU and the Americans won't like that. Watch what happens. This promises to be very very good for a hand full of companies. I would include the Chinese but they have a track record that simply does not gain my confidence where honesty is concerned. I think Brazilian companies report more honestly and openly than Chinese and I see them coming mainstream faster. Don't forget that they were forced off the oil teat long before and have adapted very well much to the shagrin of the USA who tried to screw them royally.
While I'm leaning to the green for cuu I think that is too broad of a statement and I will post more on it tomorrow because of the games that could be played. A more detailed explanation is required especially for those of us who like to trade a bit.