Started to buy more as several days of senseless selling will come to an end today. Panic reached its highest level today, tomorrow bargain hunting will start, if not already during the last hour today.
We all know the panic is unjustified, especially for tungsten. How important is tungsten for Greece ?
The GDP of Burma is now even higher than the one of Greece ( SBS German news yesterday ) but the markets just focus on the bad news while the worlds leading businesses are already preparing the next profit wave.
Who is really effected by a Greek default ? Banks, that's all. Who profits from it ? Tourism and German exporters who count on a weak Euro. And what is Germany exporting ? Highly innovative products using the best materials such as tungsten.
That's why I bought more, especially when on sale like today.
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