That is why they are called cyclical stocks. Overspend and invest when they think the prices will stay high forever and cut back when the bubble bursts.
If the dollar goes down versus other currencies, American goods will be more competitive and exports will increase, that is why everyone and their dog has been racing to devalue their own currency at an even faster pace.
The USD will unlikely loose value versus other currency as the US has a more dynamic economy than Socialist Europe and most other banana republics and if the US reaches energy independence by the end of the decade and stops sending USD to the middle east this will only strengthen the USD.
The fear is devaluation thru inflation. We have had much commodity inflation in the past 10 years, but that seems to be stalled as most commodities have entered into a bear market.
If the government and FED had not interferred we would presently be in Great Depression 2.0 and those deflationnary forces are still present.
With my stock gains of the last two years, I can now buy much more onces of gold or silver than 2 years ago if I were so inclined. What about you Skarie?
You die hard bulls have been wrong for 2 years and no indication you will be right in the near future.
When the tide turns I will get on the bangwagon, but as of now the PM bear is still alive and strong.
The price of fertilizer is still far above its long terms average, so the price has room to come down much more before the weaker players are eliminated and the industry is consolidated.
The prices were about 66% lower just 10 years ago!
Has the salaries of the miners or equipment cost tripled in the last 10 years? No.
Many have written warnings about this ETF over the months, yet investors keep trying their luck thinking that they are smarter and will be able to make an easy buck with NUGT or other 3x leveraged ETFs.
Investing is not easy and the easy buck will remain elusive to most who gamble with such instruments.
Are you really going to believe what a gold bull writes?
He sounds a lot like Peter Schiff IMO
You should read up on A. Gary Shilling who has been mostly rigth up to now and expects deflation and a continuation of the bond bull.
Some have been calling him crazy (Schiff for one) for a few years already, but up to now he has been right and anyone listening to the gold bulls is sitting on losses while most assets are at record levels.
He appears to have 25 shares, to get back to breakeven, NUGT would have to go to $240. Little chance of that happening.
Better odds with taking his $637.50 to the casino and betting on red 4 times straight.
Keep your shares as a reminder to never again try to make a quick buck in a 3X leveraged ETF and to never again invest in cyclical stocks.
I of course meant the PPS to book value per share ratio,
BAC = 0.77
USB = 2.04
BAC could double in the next few years IMO if the economy keeps purring along. The book value is half of WFC or USB and they are generating a lot of cash flow, just a matter of time before they increase the dividend.
Most of their problems are behind them and they should continue performing well until the next crisis, which hopefully is a few years away.
I have never had good results trying to time the market, so I no longer sell on the expectation of a small correction and my long term results have been much better since.
CLF issued a press release on Nov. 26 saying the ship was loading.
To mark the occasion, Cliffs, in partnership with the Port of Sept-Iles, will organize tours of the
ship for partners and collaborators. A reception will be held to celebrate and recognize the partners in this North-American milestone.
Nothing more than PR BS, IMO.
The whole market looks overbought, but betting against the market has been a losing game for the past two years. Are you going to run the risk of selling and being left behind?
Got to keep dancing as long as the music keeps playing, but stay vigilant.
You consider that AMBS did a break out?
Down +50% in one year.
Down 40% in 3 months.
You expect SVFC to be the next AMBS!
You mean we should short SVFC?
Depends if they sell more assets, but just with free cash flow should be less than a year, as they reduced the dividend, reduced costs and steel prices have been firming.