It's the first coal ETF, being offered up tomorrow.
http://seekingalpha.com/article/59817-mining-black-gold-with-new-coal-etf
Giving it a serious look...
http://seekingalpha.com/article/59817-mining-black-gold-with-new-coal-etf
Giving it a serious look...
i'm not really bullish and if anything bearish on pretty much energy related issues up here
as pretty clear US heading for a recession and its up in the air in my mind how the rest of the world like china/india (heavy consumers of both foreign oil and coal) will fair during that time
I'd be a bit careful with coal right now, as far as an initial entry point, sector appears overbought and there have been some negative reports by leading analysts. Stocks have really sold off lately. I just sold BTU 2 weeks ago. Will likely revisit it in the future as it's a good company and a good stock, and of course the sector in a bull market. I like the ETF concept a lot. dollar cost averaging in the way to go imho
I think oil has hit a double top and if the USD bounces could see a $10-$20 short term decline, end result will be an excellent entry point for newbies. All my oil positions are long term so no selling for me
The kicker is the effect the rate cuts will have. I think for the next couple months commodity market may react completely opposite of what they normally would in a cutting cycle and sell off, but who knows
I think oil has hit a double top and if the USD bounces could see a $10-$20 short term decline, end result will be an excellent entry point for newbies. All my oil positions are long term so no selling for me
The kicker is the effect the rate cuts will have. I think for the next couple months commodity market may react completely opposite of what they normally would in a cutting cycle and sell off, but who knows
914 gold this morning.
With several major financial institutions on the edge of the cliff, precious metals is where people want to be right now.
Yes, it will sometimes be a bumpy ride, pull back occasionally, blah blah blah...Ive been hearing that for 7 years now.
Meanwhile the price has increased more than 3x since.
Alot of easy money has been made in oil since the commodity bull market bagan. 8X increase past 10 years.
Same level of moves in many of the industrial commodities.
It is time for the precious metals to catch up with the group.
The gold/silver horse is out of the barn now....either jump on board soon or be sorry you didn't later.
With several major financial institutions on the edge of the cliff, precious metals is where people want to be right now.
Yes, it will sometimes be a bumpy ride, pull back occasionally, blah blah blah...Ive been hearing that for 7 years now.
Meanwhile the price has increased more than 3x since.
Alot of easy money has been made in oil since the commodity bull market bagan. 8X increase past 10 years.
Same level of moves in many of the industrial commodities.
It is time for the precious metals to catch up with the group.
The gold/silver horse is out of the barn now....either jump on board soon or be sorry you didn't later.
Hopefully many of you have listened over the months and years and stocked up on gold/silver related assets. Those that have made a ton of money so far. If your not into gold/silver you are out of your mind and will get creamed by the designed collapse of USD and fiat currencies worldwide. Its still early but the train is now leaving the station. This will be the greatest bull market of our lifetime.
Yep. As some of you know, I invested everything I had into gold when it was $401 an ounce. I saw the elite's engineered dollar collapse coming. I'm going to sell everything when the recession starts really hitting us domestically.
Invest everything you have into gold and silver before it's too late. They are about to pull the plug on the dollar completely.
someone i work with has literally done this. He bought a shit ton of gold (like 40 ounces) and invested in what he calls "copper jacketheads" lol
He ordered his bullets off of Cabelas website and the shipping was FREE. So he ordered like 700 pounds worth of bullets and didnt get nailed with shipping costs
I'm not selling mine until a new gold-backed currency comes along to replace the dollar. Remember this isn't about getting rich, it's about protecting yourself from getting poor. It's not gold that's going through the roof, it's the dollar that's going into the shitter. Once it's completely flushed down the shitter it ain't comin' back.
By the way, what's with the deafening silence from the MSM about gold's new all-time highs? They'd run a few segments if the same thing happened with pork bellies, although that one would probably be done by Jeanne Moss. What's the big hush? It's almost as if they're in cahoots with the gov't and don't want to let on that it might be wise to buy gold. :think2:
