NO BUSINESS SALES HERE PLEASE, WE HAVE A SECTION FOR THAT IN THE CLASSIFIEDS.
vladimir wrote:Excuse my trading ignorance, but if I had money, I'd buy precious minerals. Only so much around, always in demand, and demand has to increase. Kind of no-brainer. Buy. Sit. Cash in.
Are you talking rare earths?
Lynas Corp, ticker code - LYC, on the ASX is a great example of what can go wrong when you build your rare earths' complex in Malaysia.
Okay, can't read the text in the image too small, in the green circled area a lot of people bought this up - what could possibly go wrong? A fair bit acually...
I imagine the US switch over to PVC plumbing hurt the copper prices, and was mostly caused BY the copper prices. Prior to the sudden trend in stealing pipes 99.9% of homes in America were built using copper plumbing for the water lines. Now it's much much lower. Sometimes a resource can push itself out of business.
It's not a pretty picture, but it ain't over till it's over, so probably some opportunities yet.
Gold getting spanked for the second day in a row.
- The Pun-isher
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The key to understanding what goes on is that the markets are all rigged, once you get in tune with that, you can start to see what is really going on.
But rigged they are. Loads of documented incidences on the record, and very easy to follow once you understand the patterns of accumulation and distribution.
This Wyckoff'' logic is excellent and a pattern that you'll see repeatedly:
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