So much for the inflation/deflation arguement...
When you anticipate a move, when you buy in early - you
need to have a plan as to who you are going to sell to
at much higher prices) and what catalyst will cause them
to pay much higher prices.
There is still a MASSIVE amount of cash on
the sidelines, and fund managers who have little or no
exposure to commodities, must now buy exposure to match
peers who do. And you are witnessing one helluva lot of
"OPM" being thrown around doing just that.
If you got in early, if you are setting on heady gains,
never, ever, ever be hesitant on taking some profits -
because somewhere... something... is still cheap.
There are still laggard sectors in commodities,
and laggard individual stocks. In fact, I think
I've got positions started in 5 more "PAL's"
sitting in my account right now... and I'm nibbling
in 2 other laggard commodities that are
low risk:high reward plays just like Sugar
and Palladium were.
And just look at CNBC trotting out commodity pundit, after
commodity pundit - telling the herd how "they too"...
can participate in these gains.
Thank You Ben Bernanke and Welcome to Inflation Nation!
Inflation Nation
-- by Steve Dore`
We're gonna hear it, sooner or later,
Two words together, in perfect sequence,
They rhyme and chime, they tell us the story,
Revealing truth of our fiscal non-sense,
How long before, we lose every penny,
Of purchase power, we had once before,
Way back then, almost a whole hundred years now,
The old money wolf, stayed away from our door
Then came along the new fed reserve,
To steal that power away,
You won’t feel it, with your regular pay raise,
But what happens when they just stop one day
We are an, Inflation Nation,
Inflation nation, too big to fail
Inflation nation,
We’re gonna blow up too big some day
A little pain, and a lot less spending,
What ever happened to fiscal restraint,
We make our money, out of nothing but air now,
And up goes the price without a complaint
We’re gonna have, to pay it off some day,
And it won’t be a pretty sight,
A lot of poeple will fall by the wayside,
As their paper wealth disappears out of sight
Moflation & mo later,
S.O.T.B. |
