My investment strategy is to do the total opposite of what GS recommend. It’s an open secret they are manipulative shorters making profits off their supposed “expert” reputation.
The “poor” flock (who haven’t done their homework) get fleeced while those of us who’ve seen it all before, wait for the bottoms, then add more.
6 new African mines suddenly coming online and meeting global demand for 10 years? Lol. That’s the funniest thing I’ve read this year.
Do your own research folks. Fundamentals haven’t changed a bit.
And those worried about new tech coming online need to learn it takes typically 10 years to Implement commercially. Toyota have been messing with hydrogen tech for over a decade already and what are they using in their hybrids and EV’s now?
Watch the bounce back over the coming weeks when punters think a bit more and realise they’ve been had.
CXO Price at posting:
$1.11 Sentiment: Buy Disclosure: Held
