Post by
iwpete on Dec 05, 2023 9:31pm
here's the thing
You have to use the Wayne Gretzky approach to investing. He said that you don't go to where the puck is, you go to where the puck is going to be.
And we are heading for commodity upcycle the likes of which no one has ever seen, one that will tripple prices. The gouvernement only has one way out of their enormous debt burden and that is inflation. That's what they did in the 1970s, gasoline at the pump was 27 cents a gallon (that's 4.5 ltrs). A pack of smokes was 50 cents.
I bought more AAV today.
Comment by
barneyj44 on Dec 05, 2023 10:54pm
I didn't add to my Oil and Gas holdings as I'm overweight as it is, I did however add to Hudbay today . Copper has to catch a bid sooner or later with this energy transition...
Comment by
iwpete on Dec 06, 2023 2:50am
I think you're right Barney. I think Elon is going to bring out the Volkswagen of electric cars soon ... know what I mean. At least natgas, in the form of LNG, will have the role of power maker. An electric car runs on batteries not electricity. The energy that produces electricity is in my portfolio.