RE:As much as I love TGB I sold all stocks today at the open...metalhead666 wrote: Everything....am shorting the market now via SPXU. All debt hit new all time record highs. Bond bubble bursting. Gold savaged. Commodities going down with the rising $$. China in deep doo shutting down cities because of Delta and we have Lamda on deck. Credit Card debt exploded higher. Stimmies all gone in 3 weeks. Evictions beginning. Politics a farce. Iran. I could go on and on but I wont. I think the bubbles are going to burst now and everything with a ticker symbol is going to get monkey hammered.
I'll revisit TGB again as well as my lithium plays which I took nice profits in .....be wary lads....everything is seriously messed up
Sorry metalhead, couldn't disagree more. Why? A very well respected Elliot Wave analyst, top expert in the field, that I follow very closely and have the utmost respect for by the name of Avi Gilbert sees no chance of a market crash until well into 2023. The guy has an uncanny record of calling market levels based on Elliot Wave theory. While the examples you cite have some truth to them, none will cause a long term correction of a significant degree. The copper market is not going to crash back to sub $3 US anytime soon and Taseko couldn't be in any better shape right now. Best of luck to you moving forward but markets often rise on the wall of worry. Governments will continue to pump trillions in liquidity to stimulate all of the world's economies. Copper will likely stay over $4 for the extended future and Taseko will be taking advantage all the way along. Don't forget, while I'm not a fan of the 10 million or so Taseko management has pumped into their protection program, copper production revenues are locked in for at least the next year at significant prices. With Florence permit having a high likelihood of being announced by the end of September and plenty of cash coming their way over the next year at minimum, me thinks you're bowing out at exactly the wrong time but I wish you well.