Taseko Mines Ltd T.TKO

When the market craters TGB will too...

[metalhead666]

Out of control inflation that is nothing even close to "transitory" is going to spook the herd. When the panic for the exit comes every stock will drop like a rock. This is not worth playing given earnings tonight, the risk of a copper pullback and a general market panic.  As much as I want the green revolution to happen and Florence to come online...I think you'll be able to buy these mining names much much cheaper shortly.  Don't miss the forest for the trees.

[cwDeici]

Most people are reducing some so I guess I will too, today. But it's a hard choice, TGB was up yesterday while others were down. The Minister of Mining is on the case with his own government's incompetence, so it'll probably be fixed soon, and Florence news is a bit further aways but close. Also feels like bad news is baked in. On the flip side Taseko literally told everyone about

[metalhead666]

I think the real risk is the market. Everything is in some kind of fund, ETF, basket etc controlled by algos, quants, eclectic computer driven systems. When the market dumps everything dumps no matter how good or bad their individual situation is. Remember March 2020 when Covid first showed up?  A lot of stocks got cut in half in that rout. Consider the amount of leverage, debt, margin

[KentWilkens]

Wise words metal. Always good to have dry powder. Inflation is real, but current covid situation has most of the western world coming out of it immunised, so not the same as last year at all. Stimulus packages will keep the money flowing. Good chance money flows into stocks, especially ones like copper which will be in the stimulus tide, as a hedge against inflation. You never know for sure until

[JCSunsfan]

These are uncertain times, but they always are.  I have the same concerns that you do.  I took a lot of money out of the market in January.  Ends up that I left a lot of profit on the table as well by doing that.  There are some stocks that are value that I am not going to sell.  My strategy is to have enough cash on hand to buy on a general market pull back.  If I

[metalhead666]

FOMO is a strong force. Takes guts to stand down but given what I see it's the right thing to do now. 

[JCSunsfan]

Ha!  I miss out every day.  I am quite over that.  Just positioning for my next move.  Every day is an opportunity.  

[metalhead666]

An opportunity AND a risk.

[JCSunsfan]

Everything is a risk, even cash.  

[JCSunsfan]

Right now, with inflation where it is, cash is in a harsh bear market.  Metals are a safer haven.  That includes copper. the big mistake is viewing cash as a constant.  It's not.