Funny story, when I took the job I bought a fully loaded diesel tanker truck - driver and all (offered him a job
). My new boss (who knew he was hiring a commodities bull) thought I was nuts but liked the truck and driver... Diesel has gone up 50 cent in a little over a week, that's over 5k in current savings. Who's crazy now.
Everyone wishes they had a commodity bull
. Also I didnt buy more because there was no more.
IAM and will be a commodity BULL until I feel otherwise, and i like to think that my finger is on the pulse.
*edit: Since I'm doing charts I'll add one here to show how this commodity cycle is going to go. Since STEEL is talked about so much in the notices posted above how about a STEEL chart. CLF - A fully integrated STEEL company (that means they mine the ore and use/resell the byproduct, as a bonus they also have a shipping division). Long trend first the MONTHLY
That is a long inverse head and shoulders and we will breakout to 80 (this isn't a squeeze and this isn't a meme stock, this takes time). Also notice the 23.75. On the downtrend it acts as resistance. On the uptrend it is support. Look how long we fought to break it on this uptrend.
user77248281 : there are so many oil companies and etfs.. what is your top 5 etf/stock holdings?
iamiam OP user77248281 : for just oil OIH is my go to.
I have an account that is only ETFs and it is
OIH. XME. XLE. XOP. PXE. (PSLV physical silver ETF)
my top 5 oil stocks would be
SLB/HAL (they are twins own one or both)
OXY (oil and chemical company)
WLL (Permian basin driller)
COP (ConocoPhillips- oil product manufacturer and seller)
NOV (cheaper explorer)
My top 5 stocks in my personal holdings are
CCXI (biotech)
OXY (Oil)
IPI/MOS (potash/fertilizer)
CLF/X (steel)
UUUU/DNN (uranium)
SLB/HAL (if you dont count the biotech)
Revelation 6 iamiam OP : Thanks for the lesson. I appreciate you taking the time to share.