“James, come on. This all seems a little bit soft. You haven’t actually given a reason or time for another correction. All you’ve said is that there might be a bigger one at some point.”
The relatively young and still in fairly good shape for his age investment manager was ready for this thrust and, through the crackly line from Sydney to Hong Kong, immediately reverted to the Primary Directive of Investing as his parry.
A few weeks ago I put out a very simple note flagging the commodities space as our preferred area based on the following reasons:
1. USD weakness = commodity strength;
2. Copper strength = global bullishness = good for commodities;
3. Commodity Index is at a historic discount to the US index;
4. Commodity ownership = inflation hedge
When historians look back on what words to describe November 2017 with, “lithium” and “Bitcoin” would be sure to make the list.
Lithium, cobalt, graphite and the Pilbara gold explosion all made some spectacular gains.
We have our own problems. The property market is falling into chaos. Roads are littered with ‘For Sale’ signs and you can’t walk down the street without someone throwing the deeds to their house at you and begging for a two-week settlement.
To begin if you haven’t read Joe Aston’s piece on Gerry Harvey & the impending doom that is facing Harvey Norman then I strongly urge you to do so. He absolutely lines him up & knocks him down re Amazon’s entry to Australia and Gerry’s readiness (and inability) to defend against it. Link below…
Firstly a note on the photo above and no it’s not another drawn out piece on Amazon. It’s the vegan section of a Houston supermarket following the recent floods. When given the choice between starvation and eating vegan Texans appear to be choosing the former. Humans are curious animals. Texans are no exception.