OTCQX:NTTHF - Post by User
Post by
LithiumNPVon Jul 13, 2020 11:43am
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Post# 31260592
I'm Honest With My Trades so I Tell you What my Strategy Is
I'm Honest With My Trades so I Tell you What my Strategy IsSince the oversupply problem of Lithium is going to continue till 2025 to 2027 an entry point would be a couple years before that to reach the bottom. So the bottom is not going to be reached this year 2020 or 2021. Possibly 2022 if one is lucky. Definitely by 2023.
The opportunity cost of losing so much money by some of the regulars here is the real problem. They are in lots of pain and take it out on others -- not a good investment strategy.
I got out at $1.80 and made money in various other trades the past couple of years, e.g. made a killing shorting Palladium at the top. My latest trade is I am short gold Dec. contract at 1850. It's at 1832 now. S&P 500 going up and up.
The reason gold is going down is several, because real rates are going up, election years gold goes down starting July, Fed balance sheet is shrinking, banks are now short gold, printing money run rate is down from 3 trillion to 1 trillion, 10 year treasury might shoot up to 1%, etc.
If I had to say the biggest reason of all it has to do with deflation. You have 50 million initial claims and still over 1 million per wek, that is massive deflation. Food prices are down 5.8% for example.
Enjoy!