President Trump is firing on all cylinders — making America great again. Part of this plan is to boost our steel industry by imposing harsh tariffs on inferior and very evil (believe me) Chinese steel. By doing this, the price of steel can be great again and metallurgical coal companies can thrive.
Nothing says ‘Merica like metallurgical coal. It is beautiful, big, and definitely fantastic.
— The_Real_Fly (@The_Real_Fly) February 16, 2018
So, because I like the MUH charts, and because there is a fucking breakout underway, with steel stocks sliding like wet bodies on vaseline lined vinyl, I stepped in and bought some CLF here.
For the sake of my sanity, just know that all purchases are 5% weightings. If I buy twice, then it’s 10%. When a stock or a fucking volatility ETN blows up and goes to zero in the after-hours, I can only lose 5-10% of my equity — because that’s how adults invest. We do not partake in river boats gambles, unless the game in rigged.
Markets are +150, oil is strong, as well as dollars. You have no reason to complain.If you enjoy the content at iBankCoin, please follow us on Twitter