4 billion REVENUE for a 3 trillion dollar company.
Awesome
Printable View
Commodities have pulled back in the last week or so. Dr Copper is particularly what I have been taking notice of as is usually a litmus test or canary in the coal mine. Copper is down 10% + from its recent admittedly record highs.
Gold down around 5%.
Oil down 15% from recent highs, lowest in 3 - 4 months.
USD mixed but generally weaker.
I think we are perhaps going through a transitional period where commodities are forecasting a slowdown in particularly the US but also global economy.
I think it's likely the FED will react and bring rate cuts back to the table & I expect commodities to regain losses in dollar terms.
Also note that China has built up quite a commodity stock, some to alleviate its reliance on Australia as they transition away and for copper I suspect it's also about a forecast global deficit of supply.
im not that good at top and bottom picking.
Azz actually got me interested in it
ill keep investing for ever no need to retire in this profession or any profession if able too if you enjoy it
i dont need to provide any proof cause i dont care if anyone believes or not
you just need to believe nvidia will beat OCA hands down
you should check out these deep value plays im into
DRO.ASX
ELS.ASX
the future
the future is coming
https://www.youtube.com/watch?v=1cfKc8U4iwg
nvidia on fire , over 1200 now
I dont want to be a SailorRob, but quite a few companies coming down to prices we could only dream of earlier.... this is when the $$ gets made. That COVID pull back in 2020 when everyone thought the world was ending was the best time to buy.
NZ economy in the toilet and looks like no escape from here... Once this becomes consensus we should see some amazing long term buys. Need to property market to tank first to really put the boot in. Feels like its coming.