As you know, the stock market oscillates between irrational exuberance and excessive fear.
Unfortunately, at present, the market is pricing in spot to perpetuity. Astute investors know, however, that commodity prices are (historically) cyclical in nature. As such, if one believes we are at/near the bottom of this current cycle, surely now is the opportune time to buy, right?
I suspect most people are caught up in the excessive fear paradigm, yet, on the other side of the ledger, someone is buying at these levels. At these levels, and funds permitting, I am buying up. I trust LT holders (such as yourself) are doing likewise.
TAW Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
