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Southern Copper Corp. Message Board

  • buuuusbiiie buuuusbiiie Jan 15, 2014 12:28 PM Flag

    contrrians

    The US equity markets, like the mythical Damocles, continued their great feast at the table of Dionysius this month. The razor sharp two-edged sword of a crash hangs over them, the lights from the party leaving dancing reflections careening off the hardened blade. The markets seem confident the single horsehair securing the massive weapon to the ceiling is not fraying. Unlike Damocles, they fail to recognize that disaster lurks just beyond the senses in even the most fortunate equity markets. The equity bulls look at the horsehair in awe, and in their minds it grows to be a mighty chain securing the dainty sword. The bears see the huge fearsome edge, and in their anticipation can almost hear the horsehair began to fray.

    From a strategic fundamental standpoint, this week sure seemed like the weight of the sword is becoming too heavy for the frail horsehair thread. Maybe a dramatic dollar decline will snap the thread protecting the US equity markets from doom. Maybe it will be an exogenous event that is inherently unpredictable, such as a terrorist attack.

    The sword of Damocles continues to hang precariously over the US equity markets. If you are very, very quiet, maybe you can hear it fraying…

    Time to get back to the precious metal of Kings!

    Sentiment: Strong Buy

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