they're all as bad Early1 - i've read 4 so called reports from various sources ( metal miner et al) in the last few days. They contradict each other, miss vital facts and appear to make it up as they go along. Reports have a vested interest somewhere along the line - even if that's the authors source or personal view. I forget how many times I was approached via email , phone call etc to but into gold stocks, gold efts , physical gold etc with promises of $3000 before Xmas - just before gold tanked. Doing your own research does the job but it's still a gamble
okay so forecasting does require a little witchcraft but in a nutshell
prices are low in all commodities
mines and supply is dropping
projects are being shelved and cost saving exercises abound
the world is still growing
demand will rise
deficits are building one way or another - specifically wrt tin ( see ITRI recent industry survey) but not in the IO dept.
we live in a 'survival of the fittest' type environment
resources stocks are not under any stretch flavor of the month
nothing cures consistently high prices quite like consistently high prices and nothing cures consistently low prices quite like consistently low prices
CSD are not limited to one commodity and can produce ( to a degree ) what is worthwhile so should do nicely in time - especially when the cycle turns
someone said time for the CSD bulls to step up - WHY they already own most of the company - have you seen the share registry breakdown recently ?
and history shows you can't pick a bottom - you just get lucky or not ( eg how low would you all have predicted IO or oil or gold or uranium or anything else to go for that matter)
I still like my chart better but a bit more red pen would have looked a bit more of a class act
back to work and need to find a red pen
Toot !
( and if you do pick a bottom - wash your hands afterwards)
they're all as bad Early1 - i've read 4 so called reports from...
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