Buy, Buy, Buy??
With this so called "melt down" in commodities right now, you should be really thinking about buying instead of selling.
Why? Because everybody is scared and panic selling.
The media is doing its part by proclaiming the commodity boom is over and everything is going to go down.
I highly doubt it. Nothing is impossible of course but our supply-demand situation is still out of whack. China and India are still building and creating a new middle class with much money to burn on luxuries that require value commodities.
Keep in mind that the people (contrarians) who will always make the most money are those who do the opposite of what the masses and media are doing.
Don't expect to be able to perfectly pick the bottom of this "blowout". To play it safe, perhaps wait until commodities are bouncing up 5-10% off their lows are starting a (possible) new uptrend.
Now my previous comments were related more to trading commodities directly. Many of you probably don't have such capabilities and/or don't want to trade commodities.
Market Looking Good For The Near Future
Here is my analysis:
Buying depressed shares of speculative juniors seems like a good idea and this is what I am doing with my own portfolio.
Sold IEA.V
This morning for a quick 20% profit. It might continue to move higher but a 2 day 20% profit is nothing to be ashamed about I think.
International Arimex Breaking Out!
This stock had a great flat chart until it broke out yesterday. I put in a limit order yesterday morning but it did not execute. Today I tried again and I did get some.
As long as volume is higher tomorrow it should continue to go up for several days.
Look at a 6 month chart of URA and you will see that it is almost identical except for prices. More detail to come very shortly...
My Current Holdings
I won't elaborate too much but here are my current stock holdings in no particular order:
RSC.V
BCF.V
CAO.V
SST.WT.V
LBE.V
NUX.V
KXL.V
I believe they all have good upside to them or else I wouldn't be in them!






