well done Saracen, a helpful informative polite post.
Bent, I'll take steady & sustainable increases. IMO it is more indicative of steady accumulation rather than greed/fear based speculative trading. For my part I'm investing on fundamentals, which are certainly lining up for us at present. I've been in MAK for around 2.5yrs & have studied it & its major influencing factors extensively & have never seen it all tip so much in our favour as it is presently, which IMO is sustainable & will most likely escalate. 2008 highs suffered a massive correction from the GFC (along with everything else) & DAP, MAP & RP prices plummeted as fert demand was decimated in 2009. We are at the front-end of spring planting in the nthrn hem, food prices are high & prob going higher, grain inventories are extremely low, we have increasing demand for higher protein diets from developing economies, which places exponential pressure on demand for grains for stock-feed. Economies around the world are on the improve albeit slowly, meanwhile we have extreme weather events happening with increasing regularity which on occassions diminish crop yields. Not to mention increasing unrest in critical regions for RP supply.
And lets not forget record tin prices, which will be very helpful for MAK/TNT.
As always DYOR
Cheers
AEV Price at posting:
50.8¢ Sentiment: Buy Disclosure: Held
