Posted on 05/08/2021 8:51:07 AM PDT by blam
Does this mean that my pennies will be worth something now?
Oh wait, melting this bad voodoo.
I bought Marathon Petroleum some 9 months ago and $28.00 99% sure it had (and oil stocks in general) pretty much bottomed out.
It was a no brainer as I KNEW they would go back up, it was just a matter of time.
Well, my stock topped out yesterday at a bit over $60.
Wish I had bought $100k of it rather than $30k....Oh well, can’t get greedy.
I was thinking more about Kyle Bass...I bought $1,200 in nickels myself.(ahem)
I bought lots of commodities. Copper, Aluminum, tungsten, etc. The idiotic green new deal will be shoved down our throats regardless and we taxpayers will provide trillions for connected corporations. S hole nations and China celebrate because that’s who control the minerals
Congratulations! It's not often that you can double your investment in less than one years time.
Now....
Hang on to it....you're gonna need it for food.
bmp
FYI
Don’t know about copper but I’d bet taxes will double.
Oh joy. Another summer of stories about ravaged air conditioners and other pilfered copper sources.
Just a side note. Anyone that talks about support and resistance is full of crap. This falls under the category, it works until it doesn't, and there always be a time when it doesn't. There are no consistent rules on how, when and where to draw those lines. Everyone does it different. Take a look at the chart in the article. Partially cover the right side of the chart so you don't see the most recent prices. Now draw a resistance line. Yeah, anyone can do it. Now ask yourself the question, how should trade given your line? It is what every magic you see in that bull shit line. Btw, I rely on technical analysis when I trade.
Sorry for the rant. This is just one of pet peeves when it comes to non-traders writing about investing. It is a Wall Street thing to confuse and take advantage of the masses.
In 2002, I drove to Lordsburg, NM to check out a job offer but was shocked when I drove down the main drag. All of the businesses were closed, and Lordsburg appeared to be essentially a ghost town. I later learned that the entire region is dependent on copper, for which the market at the time was bad.
Perhaps Lordsburg will become a boomtown.
As if ammunition isn’t expensive enough!
More importantly, my wife and I were at the Costco Business Center a couple weeks ago. The price of of Reese’s Big Cup Peanut Butter Cups had gone up over 50%.
Arizona: the Copper State!!!!
https://statesymbolsusa.org/symbol-official-item/arizona/minerals-rocks/copper
Only about 17% (by my count) of pennies in circulation are solid copper. The rest are the post-‘82 plated nickel.
Copper Zombie
I’m in these right now
FCX
VALE
IMPUY
SID
TX
I’ve got options on FCX and Vale as well as common and doing quite well.
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