TSXV:SLX.P - Post by User
Comment by
fabdaqon Jan 15, 2011 12:02pm
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Post# 17977614
the china syndrome
the china syndromeNot just precious metal prices to the moon but OIL as well. My real money has been in oil since the mid 90's. I basically played two stox which were petro cananda and precision drill. It was when Precision drill converted to a trust that on the advice of the investment reporter I sold it all. What a great call that was. I then used half that money for play money and have done extremely well. As heavily as I am in oil I often consider adding more there especially with all the manipulation in the PM markets. Sometimes I wonder if its worth the headache - PM's. With the other half of my precision I basically sunk it into talisman which moved quickly to only get stuck in a huge rut but is finally moving again. Ironically I also bought suncor. Oil has treated me very well and though there can be droughts and setbacks there (I remember loading up - adding- on PCA and PD when they fell to around $13) it seems like you are on the good side of the market versus the doom and gloom mentality that the precious metals bring. Oil is a great commodity with optimism. The PM's spell doom and gloom yet ironically both sentiments are correct. Thats why I think these several decades are prime for huge returns. And dont get me wrong I give kudo's to China for what they have accomplished. As I've mentioned in prior posts the pictures and tv I see of China are just amazing - perhaps I'm just a little jealous and yes having a controlled economy (being totalitarian and seemingly a wise regime) has had alot to do with it. glta!!