RE: RE: Get a group for ETF's - HFU/D HGU/D HOU/D
Sorry !!! Are you saying if you don't hold HGU already then wait to see if it goes back to support before starting to enter ? Maybe late this week or next week we see more down side shaking the tree and so be patient, get HGU cheap...
I want to get it at $5 levels again, or even cheaper... in fact there is an opinion out there that we could see TSX as low as 7500 - 7000 in next quarter or two. That would be because USD continues to get stronger and commodities fall off. This is a bounce we are in on the way down. Not sure if I know anything about that so not pushing the notion. Thoughts ????
Just watched a Squeeze Play episode with CIBC economist who says oil belongs at $125 but not until economy starts to turn around. Thinks it will go lower and hopes everyone is buying energy at that level. We can't grow the economy without energy and oil leads it. Alternative energy won't replace low cost oil... that simple... because alternative energy is more expensive than $80 oil, let alone $60 or $40 oil.
Perplexing times trying to figure out the economic forces at work here... just know that they are planet-sized as opposed to country sized...