GREY:NEVDQ - Post by User
Comment by
Notgnuon May 05, 2021 11:15am
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Post# 33131945
RE:RE:Copper just crossed $10,000 per tonne >>> :)
RE:RE:Copper just crossed $10,000 per tonne >>> :)metalhead... I agree, a downdraft in the market is possible... to me tech (nasdaq) is the most exposed area. This past "stay at home" year has added a lot of momentum players to the market and most don't know, or don't care that they have been driving a valuation pyramid up to sky higgh levels. It's one of those situatuations where the music can stop and everyone tries to grab a chair (sell) at the same time.
On the other side of the equation is where do you put your money if you manage to monetize all those tech investments. It can be like a huge, flat pan of water, where you tilt it very slightly and all the water immediately rushes to the other side. Will base metals and other traditional "value" sectors benefit from a sloshing of capital in such a situation... impossible to know; but more to your point, yes, being levered on the wrong side can be devestating and multiply so with leverage. I have experienced this twice so one would think I would have learned >>> lol, guess not. Not :)
metalhead666 wrote: Appreciate all your work here. I'd only add that no matter how good something looks...it's never the bus you see that hits you. The "market" is on thin ice IMHO and if that goes in a landslide everything goes...good bad and ugly. Be careful with leverage. I'd love to own a lot of shares of several companies but given how markets in general look, nothing is really a sure thing.