Mining: Wild West
Wed April 12
Another sector that I have been accumulating lately are the miners. I bought a chunk of TRX several weeks back and am nibbling on GDXJ and SILJ. The dollar is finally loosing steam both technically and fundamentally. Continued Fed hikes will help support it but we are arguably getting close to the end of that road. My guess is that the Fed will then just sit on their hands (absent a crisis). Remember, if they are forced to drop rates like a rock and print away full steam…. that is not good for you or our economy. The dollar would in that case trade lower than petrified frog dung in a lagoon and we could usher in Weimar style inflation. If we can avoid crazy town, the dollar should gracefully drop over the years. There is still nothing to replace it although China would love to change that asap. It also continues to be the primary basis for collateral in the MONSTER eurodollar market.
I mention wild west with miners in reference to the little guys like TRX. These can be a bit of a crapshoot but when they pay off it is usually in spades. These stocks are as close as I get to a casino but in my mind offer better odds than the house. A safer play are the ETFs. No need for all the detailed research but you still get to ride the roller coaster. They are trading cheap and present a good R/R at this point.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- MasterStonker·2023-04-14uaLikeReport
- EKE·2023-04-13NotedLikeReport
- Mooo·2023-04-13OkLikeReport
- Dan94·2023-04-13greatLikeReport
- GangKK·2023-04-13notedLikeReport
- Hayz·2023-04-13okLikeReport
- phyllinda·2023-04-13okLikeReport
- Happyland·2023-04-13[微笑][微笑]LikeReport
- EveTan·2023-04-13[smile]LikeReport
- LIMKT·2023-04-13ok1Report
- xiaohong333·2023-04-13ok1Report
- bananaman123·2023-04-13[Like]1Report
- helen123456·2023-04-13ok1Report
- siewleng123·2023-04-13okLikeReport
- AnonymousLee·2023-04-13✔️LikeReport
- green horse·2023-04-13okLikeReport
- olang utan·2023-04-13[Like]LikeReport
- Thomas8738·2023-04-13okLikeReport
- ICEsh00ter·2023-04-13🐯LikeReport
- TeoHY·2023-04-13OkLikeReport