TSXV:AAA.P - Post by User
Post by
englishfrogon Jul 30, 2013 8:24pm
148 Views
Post# 21640257
This is reminding me of another commodity a few years back....oil
This is reminding me of another commodity a few years back....oilPer barrel price went insane, up to something like $140....peak oil, demand outstripping supply, so many people poured in expecting to get rich. Then the inevitable correction, but dumb investors kept banking on a rebound, until a barrel crashed down to something like $30 or $40....then it was kattie bar the door as retail investors parted with their holdings in fears of losing everything.
Boom, bust then the echo....
Now its potash, investors drunk on fertilizer saw spot prices soar to over $1,000 per tonne....then crash, down to $400, But some silly investors kept buying, now the Russians break up their cartel and we have mainstream media outlets calling for the end of times.....
Uh huh...boom bust echo, but I don't think the bust period is over just yet.
Potash will be back, not to $1,000 but it'll be back....The big question, will current holders be able to profit from it.