PEX 0.00% 11.5¢ peel mining limited

Sarg c'mon now. We all want this to do well. But no European /...

  1. 4,168 Posts.
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    Sarg c'mon now.

    We all want this to do well. But no European / Japanese deal will have any near term affect upon Peel via a boost in commodity prices. Maybe if you are taking a 10 year view there could be some justification to your assertion. But i would have no hesitation in saying that if you plan to be hanging onto Peel for that long then you are probably the only one who will be doing so.

    The U.S tone controls stock markets & investment sentiment worldwide. Not Europe, Japan or even China.

    I'm still in North America & will be for some time. I can tell you now that the orange haired wonder doesn't care about how his policies impact other countries. Or what effect they will have on commodity prices. Zinc down 28% in the last 6 months for instance.

    The news media here is outrageously U.S centric. Most people here do not care what is happening overseas. As far as they are concerned the U.S is the centre of the known universe. Trump is playing to his domestic base. Mid terms in November. He is seriously stubborn / retarded enough to see his trade war through to the bitter end. " Lets make America great again" is taken very seriously by Trumps supporter base.

    I will be the first to state that Peel has many great attributes as an investment. Wouldn't be here if i didn't believe that. But i like to keep a balanced perspective. If the U.S / Sino battle escalates & causes a major correction it wont matter what Peel has in the ground. It wont matter what deals Europe & Japan do. Sentiment will be affected & the Peel price will suffer along with everything else. Until the situation becomes clearer or changes for the better we have the sword of Damocles hanging over our head. That may last for some time to come.
    Last edited by Nijiman: 18/07/18
 
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