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WSA western areas limited

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Be patient, spend your pennies wisely, the buy is always key....

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philh9

11,885 Posts.

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21/06/17

11:24

Post #: 25401372
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Originally posted by mainholm ↑

Commodity prices suffer from the yoyo effect caused by the over financialisation of derivative markets. This creates massive disconnects with economic fundamentals and huge volatility. A traders paradise if you like. There is only one rule that I can trust when dealing with commodity markets and mining stocks........ buy stocks in good mining companies when the underlying commodity price crashes and sell vice a versa.

My sentiment reflects similar to what Eshmun posted coz one of these days alice..... the shorters will be squeezed.

Cheers

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Be patient, spend your pennies wisely, the buy is always key. But yes in simple terms, a good mining outfit will always take part in both highs and lows of whatever they dig. The IMF 10 year on Nickel is just dandy and they ain't no rampers

Cheers
Phil.

WSA Price at posting: $1.94 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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Be patient, spend your pennies wisely, the buy is always key....

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