Short term who knows where it will head and where it will trend. The US administration have really let the cat amongst the pidgeons. Rest assured the big boys are profiting from the volitility.
Perhaps your strategy may work or not. Best of luck. And well done with the particular gold stock, I am in on that one too, not a NST 2.0 but ironically have Paulsens which is NSTs genesis.
Regardless of the downs, all the governments will have to print to stay solvent and keep the bread and circuses up.
Gold and oil isnt a bad strategy in my opinion.
I'll ride out the storm in WDS. Historically its a 13% gross yield, even if it halves its still a good return. It has reasonable net assets, although they can be written off as we have seen in other commodity crashes. But at least we are not a marginal player.
WDS Price at posting:
$19.89 Sentiment: Hold Disclosure: Held
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