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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Ainsworth Lumber Co Ltd ANSBF

Forest Products Lumber & Wood Production


GREY:ANSBF - Post by User

Ainsworth Lumber Co Ltd > buying back into ans....
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Comment by PAGODA5on Jun 18, 2013 10:51am
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Post# 21537198

RE: RE: RE: buying back into ans....

RE: RE: RE: buying back into ans....

No you are wrong.  With the Fed starting to talk tapering bond buying, mortgage rates go up, new home buyers ease off and home prices go down, means lumber and OSB goes with  them.  

It is simple logic. Watch the home building stocks in the States.  If Bernacke et al. even whisper tapering off printing money, watch interests rates rise.  Prognosis negative!  

I shorted some at $4.07 this morning.  Will look to add to it if climbs further

 

 

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