The Time to Buy Commodities Is Near [View article]
Epeon. It's very volatile. My Canadian royalty trust holding were down 13% today. So much for it already being discounted for the future recession! (even though it was already almost 50% down off highs)
I stick to the macro picture and let the traders gamble on the short term moves. Oil is a needed product and available relatively "cheap" today. It will move up with inflation, so it has some inflation hedge properties built in. I wouldn't own most stocks today though. Not a ton of upside.
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Epeon. It's very volatile. My Canadian royalty trust holding were down 13% today. So much for it already being discounted for the future recession! (even though it was already almost 50% down off highs)
Oct 15 18:39 pm
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All Comments by BrunoT »The Time to Buy Commodities Is Near [View article]
I stick to the macro picture and let the traders gamble on the short term moves. Oil is a needed product and available relatively "cheap" today. It will move up with inflation, so it has some inflation hedge properties built in. I wouldn't own most stocks today though. Not a ton of upside.