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Re: XEC is in serious 'buy' territory again ... addendum ...

By: monkeytrots in CONSTITUTION | Recommend this post (0)
Fri, 19 Aug 11 5:22 AM | 35 view(s)
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Msg. 14544 of 21975
(This msg. is a reply to 14542 by monkeytrots)

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With the 'calling' of physical gold escalating - I expect that actual commodities will follow suit in 'rising in price' ... or, to be more precise, that failing currencies worldwide will make ALL commodities much, much more expensive.

Do I expect more tree shaking - the crooks that short the futures drive prices down temporarily so they can 'clean up' on weak hands ? Absolutely.

But, as with gold - I see that tree getting a hell of a lot harder to shake each day as individual investors start realizing the difference between 'intrinsic' value and the 'bullshit hyped' financial market valuations.

PHYSICAL COMMODITIES, consumables necessary for living such as food and energy - have intrinsic value.

Just my take.




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Finally, brethren, whatsoever things are true, whatsoever things are honest, whatsoever things are just, whatsoever things are pure, whatsoever things are lovely, whatsoever things are of good ...


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The above is a reply to the following message:
Re: XEC is in serious 'buy' territory again ...
By: monkeytrots
in CONSTITUTION
Fri, 19 Aug 11 5:14 AM
Msg. 14542 of 21975

Due, quite possibly. Yes, it could get weaker - but given the financials of this company and their production values - I really don't expect it to go much lower. I think today was the taking out of the 'stop losses' - which are SUPPOSED to be confidential, and not 'available' as info to the market - but which you and I know is pure bullshit.

Just my take. If'n i hads moh mullah rite now - would be putting a decent percentage of that into it.

Been wrong before, will be wrong again - bottom line, I don't worry too much about 'hitting the low' - just buying at a decent price. That's all - not a reco for anybody to 'jump' whole hog, not a reco AT ALL - not my way - just an observation that it IS into 'buying territory' again - and, as you pointed out, weakness is here.

Might it go lower, a whole lot lower ? You bet it could.


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