what do yee all think of commodites in general at the moment? Where do you think they are going to go?
I have bought quite a few shares in the mining companies, the energy companies and gold miners recently. Ok they are all having a battering this week, due to lots of external economic factors...and lots of panic selling.
After reading and following different analysts comments it all gets rather confusing after a while, particularly when a lot of the so called experts contradict each other.
My view is that oil...is getting more scarce, we are still using lots of it and thats going to last for the forseeable future...therefore shares in these companies should go up, as the companies should make big profits.
The mining companies also are going to make big profits due to the consumption of..iron ore, base metals etc etc..by everybody and in partic countries like China...so there is going to be money on stocks in these companies....and in a lot of cases the share price has not caught up with the actual commodity price....so there room for loads of earnings for the companies.
I also have money in gold mining companies, but am more nervous of this sort of market...so not putting much that way..thats just me.
what do yee think??....why is there such hysteria and panic selling of commodity stocks this week?...theres a falling knife at the moment...i think there may be a perfect opportunity to buy more of these commodity stocks when knife finishes falling and the dust settles.
I have bought quite a few shares in the mining companies, the energy companies and gold miners recently. Ok they are all having a battering this week, due to lots of external economic factors...and lots of panic selling.
After reading and following different analysts comments it all gets rather confusing after a while, particularly when a lot of the so called experts contradict each other.
My view is that oil...is getting more scarce, we are still using lots of it and thats going to last for the forseeable future...therefore shares in these companies should go up, as the companies should make big profits.
The mining companies also are going to make big profits due to the consumption of..iron ore, base metals etc etc..by everybody and in partic countries like China...so there is going to be money on stocks in these companies....and in a lot of cases the share price has not caught up with the actual commodity price....so there room for loads of earnings for the companies.
I also have money in gold mining companies, but am more nervous of this sort of market...so not putting much that way..thats just me.
what do yee think??....why is there such hysteria and panic selling of commodity stocks this week?...theres a falling knife at the moment...i think there may be a perfect opportunity to buy more of these commodity stocks when knife finishes falling and the dust settles.