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clock Created with Sketch. 15/12/16
08:36
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Originally posted by sloeb
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Yes the fundamentals have changed, when will people accept this fact. The trump trade continues to roll on. Your line in the sand is arbitrary, you’ve nothing reliable to cling to, and even if you survive, the market will move on around you. Using that logic to defend your market positions is about as useful as ignoring that oncoming tsunami based on the knowledge that the waves don’t normally cover the beach. Fund-manager cash levels were at record highs pre-election. It’s probable that a good portion of that money needs to be put to work before year-end. Survival bias ensures that most fund managers will go with the flow rather than trying to fight the trend, adding further momentum to trades.
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herd mentality out there that's for sure. Hold and know that it will all swing in our favor in the long run. What we are seeing goes against the fundemantals of markets and NST wil rise once again. Hold for the next 12 - 24 months, get some dividends and wait for the production profile to increase and gold to swing back in favour. Once it does you will be shocked how hard it will trend north
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