Steel redemption arc edition
Trackers:
tradingeconomics.com
markets.businessinsider.com
Useless little brother of /smg/ stock market general, commodity + industrial + producer related
/cmg/ - Commodities and industrial smg
Hudson Harris
Jaxon Jackson
Remember:
CLF and UUUU are still great buys.
Also consider ET, it's getting slow steady growth so might be good for some ATM calls.
Angel Morgan
I'm in some MT and CLF. How's iron gonna be? Am I gonna be hard like iron (get it) all of 2021 too or what?
Eli Johnson
>I'm in some MT and CLF. How's iron gonna be? Am I gonna be hard like iron (get it) all of 2021 too or what?
It's looking great although China is making some noise about how they will crack down on 'artificially high' prices so that might spook the speculative pricing.
Chase Cooper
What are some good commodity tracker funds/etfs?
what commodities are people expecting will outperform the average going forward?
James Ortiz
LAC, but IDK if this upward trend will continue.
Christopher Gray
>what commodities are people expecting will outperform the average going forward?
I think lithium (although it's not traded like a commodity) will have a long slow but uninterrupted growth cycle.
Rare earth elements will also have a great time.
Short term I think steel.
Luke Allen
If the dollar eats shit, then all of them.
William Roberts
>LAC, but IDK if this upward trend will continue.
might LIT be a more stable growth choice?
Juan Hughes
really, why? commodities are still much lower than just a couple of years ago, and next year should be a perfect storm of a huge resurgence in economic activity combined with continued general inflation thanks to fed printing
John Turner
>JP Morgan Chase & Co upped their VALE price target from $19 to $24.50 in a report issued Monday.
>The brokerage currently has an “overweight” rating on the basic materials company’s stock.
>JPMorgan Chase & Co.‘s price target suggests a potential upside of 49.30% from the stock’s current price.
Expect good price action today Cliffs, JPM sees 50% upside in this polluting hue miner
Henry Cook
>CLF and UUUU are still great buys.
>Buying the fucking 5-year top
Lyl, what a POWERFUL investing strategy you've got there.
Hunter Collins
In the short term, it looks very stable and based, but on the 5 year charts, it has and undulating path. I would expect it to fall again to around $20 late next year, but I don't anything, maybe it will continue this insane growth and hit $100.
The obvious growth catalyst is the overwhelming acceptance of EV cars, however people tend to feel bad about lithium mining destroying the environment. Battery technology is also continuously evolving, right now it's some micro-ablated Li technology but in a year who knows what the battery meta game will look like.
Once my short term plays are over, I plan on investing in Li and rare earth in general.
Joseph Young
Based, 60% of my portfolio is in VALE.
John Allen
>"We are forecasting now that we will run out of inventory on some jobs by mid-January. We just can't get enough to build any inventory or safety stock. We are begging and appealing constantly for more tons and the orders we do have are all late, adding more stress," said a Midwest fabricator with automotive ties.
Thought I would give you something good since you've been getting FUD articles recently.
Adam Jackson
>he said as he held on to his decaying 13 contract put position for a $40 total gain.
Jacob Martinez
>Lyl, what a POWERFUL investing strategy you've got there.
Yes
Ayden Hughes
CLF CHEAPIES
Dylan Murphy
guys CLF is below 13 is CLF the new GME guys AAAAAAAAAAAaAAAAAAAAAAAaAAAAAAAAAAAaAAAAAAAAAAAaAAAAAAAAAAA
Jaxson Cooper
CLF bros are we gonna be okay?
Nathaniel Allen
Nothing to fear guys. Now if you excuse me I'm going to grab a drink or three.
Sebastian Martin
I can now excersize my UUUU put contracts for a $39 gain. Just wait until the market prices these bad bitches correctly.
Jaxson Price
>I can now excersize my UUUU put contracts for a $39 gain. Just wait until the market prices these bad bitches correctly.
What are your puts at, frienemy?
James Barnes
There the $3 January puts. I sold my calls for 80% at the top and bought puts because this company is shit. Ask is 0.50 right now for the contracts, I would buy some if I were you
Logan Martinez
$39 per contract or in total?
Justin Gray
Total if I buy 1,300 shares and excersize. Break even is 2.87, and we're heading far below.
Daniel Jones
>There the $3 January puts. I sold my calls for 80% at the top and bought puts because this company is shit. Ask is 0.50 right now for the contracts, I would buy some if I were you
It's gonna bounce around, I would sell when you get a juicy dip and then buy more later
Nolan Lewis
Big doubt. This was a blow off top, if the market even has a red day were dropping to 2.30 easy
Jaxon Foster
we're already reCOOvering since I made this post, I'm such a pussy
Noah Thompson
Haha this happens daily dude
Jackson Hughes
When do we expect wti to hit the $50 mark?
Lincoln Hill
That's impossible to predict, but I suspect we'll see $60 WTI by summer 2021.