GREY:SWYDF - Post by User
Post by
crazytownon Oct 23, 2011 11:05am
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Post# 19173796
Smallcapital
Smallcapital My good man, it is you who are mistaken. The idex index is for polished prices. One does not check the price of copper pots to discover the spot price for copper and the profitability of a copper miner. For diamond miners you need to look at rough prices which according to miners trying to sell rough into the market have fallen about 20% in the last few months. You need to look at HW and others actually putting off rough sales until the market improves. You have to look deeper into the industry to see whats happening. Diamond miners don't suddenly stop selling diamonds for no reason. Being informed is not being negative, it is being careful and realistic in a treacherous shark filled market that if taken lightly can chew up your money like a great white coming off a hunger strike. CHOMP, chomp, chomp! Or in this case maybe bite your portfolio like a diamond back rattler. Rattle, rattle, rattle! Just my opinion, good luck to everyone. Especially you smallcapital, hope one day you become bigcapital.