This isn’t the bottom in commodity stocks. I am not bold enough to short them. But I am smart enough to not fall for their alluring looks either. It’s like having a wife that cheats on you. Once you catch her, you have no choice but to divorce and move on. It’s not the act itself that is reprehensible, but the vagrancy of her character.
Gold, silver, copper and steel stocks are constantly giving its shareholders venereal diseases. Why do you keep them around? Are you a glutton for punishment, you stupid gimp?
Here, have a look at my raw commodity index.
And here is my commodity stock index.
Even if you’re a super bull on commodities you don’t want to buy at bad levels. I define “bad” as not optimal or entirely opaque or uncertain. Is it possible that the bottom is in? Sure, no one has a crystal ball. Howsoever, it’s not probable, just looking at the recent trends and knowing the core underpinnings of the commodity trade, which are the commodities themselves, are still mired in mud.
I’d much rather take the other side of this trade and buy stocks who benefit from lower commodity prices, such as BWLD, FWM, NGVC, WFM, TFM, PPC, SAFM, HSY etc.
With lower commodity prices, hundreds of companies stand to benefit, not to mention millions of people who will be relieved to find lower prices at the store.
Get out from the ‘fag-box’ and start thinking like a boss, not like a peasant miscreant troll.
ATTENTION PEASANTS AND GENTLEMEN ALIKE: There is an epic thread taking place in Po Pimp’s NES take down post. I recommend having a look in.If you enjoy the content at iBankCoin, please follow us on Twitter