Well, I expect the markets for gold and energy to follow your script -
>>> "as the market must slam the bulls and smash the bears in order to complete its diligent and grinding work to make to dust all that is not strategic, monetary and scripture metals in physical form. " <<<
and as these movements become more choppy and random it will be very hard to make money trading gold and energy.
Long term holding of physical would still be a could idea.
This latest boom/bust/recovery cycle in the world economy has moved the long term value and short term stock price of many companies, and the market has only correctly priced a few companies.
Apple and Dell are now correctly priced, but these are some of the most watched companies in the world.
The effects of natural gas from shale have not been worked out by the market for North America, let alone the rest of the world. Some of the E&Ps will see their economic reserves expand by 5, 10 times or more. Finding risk has also dropped to near zero for shale gas, and many shale locations are close to markets, and conveniently located near or right under major
pipelines, reducing completion costs.
The demand for technology metals - rare earths, indium, gallium, titanium, rhenium, nickle, cobalt, tantalum, niobium, and many others, plus the recovered copper price, is great news for many miners.
I think there is considerable mis pricing of many economic sectors and stocks. |
