Welcome to Boardsort™ - Learn - Sell - Profit -

Learn to properly Sort, Sell, and Profit from your electronic scrap material.
It is currently Wed Nov 30, 2022 6:29 am


Post new topic Reply to topic  [ 7 posts ] 
Author Message
 Post subject: Ore war?
PostPosted: Sun Feb 27, 2022 2:56 pm 
Site Admin
User avatar

Joined: Tue Feb 03, 2015 6:57 pm
Posts: 9508
Location: Low DOS
Whilst the world continues to have its various fights and wars, something interestingly has happened in metals markets.
Iron and ore both have dropped by 4-6 percent.
And yet steel went up. And up. And up. …and up?

Interesting. Time to stockpile iron ore? Lol

_________________
42 6F 61 72 64 73 6F 72 74 2E 63 6F 6D


Top
 Profile  
 
 Post subject: Re: Ore war?
PostPosted: Mon Feb 28, 2022 4:05 pm 

Joined: Fri Feb 14, 2014 3:42 pm
Posts: 142
Location: Troy, NY
Now might be a good time to buy into absurdly low priced mining stocks, like Northern Dynasty.
All I know is that this "chip shortage" has been great for secondary resale market prices. As an e-waste recycler, it's like a license to print money.
Of course, we will all need wheelbarrows full of cash to afford basic commodities here very soon....


Top
 Profile  
 
 Post subject: Re: Ore war?
PostPosted: Mon Feb 28, 2022 4:29 pm 
Site Admin
User avatar

Joined: Tue Feb 03, 2015 6:57 pm
Posts: 9508
Location: Low DOS
Quote:
Now might be a good time to buy into absurdly low priced mining stocks


This is the first time I’ve noticed such a split in directions since I started following the more source level values.
Given the tank in ore price this may very well be a good time to scoop up some mining stocks.
Or even better, a company. Lol.

_________________
42 6F 61 72 64 73 6F 72 74 2E 63 6F 6D


Top
 Profile  
 
 Post subject: Re: Ore war?
PostPosted: Tue Mar 01, 2022 1:52 pm 

Joined: Fri Feb 14, 2014 3:42 pm
Posts: 142
Location: Troy, NY
Or, if it isn't perceived as un-American, Russian company values are TANKING.
Would be a great investment in say MMC Norilsk Nickel, down to about $8 bucks from $35 pre-invasion a week ago. Plop a thousand bucks in, if they default, worth the gamble, if it increases (it should) rake in the dough.
Doubt the Russkies will pay the dividend to a Westerner as retaliation though.


Top
 Profile  
 
 Post subject: Re: Ore war?
PostPosted: Tue Mar 01, 2022 4:15 pm 
Site Admin
User avatar

Joined: Tue Feb 03, 2015 6:57 pm
Posts: 9508
Location: Low DOS
Quote:
are TANKING


Historically the best time to buy stocks is just after a major international conflict happens. Stocks tank world wide. Then in the following months and years climb back to pre conflict levels.
It doesn’t work for ALL stocks but it is the general reality.

https://apple.news/AFScn95VQT2qYwm_yTKPWvw

Big personal investors tend to panic sell like idiot sheep. But they always come back up.

_________________
42 6F 61 72 64 73 6F 72 74 2E 63 6F 6D


Top
 Profile  
 
 Post subject: Re: Ore war?
PostPosted: Thu Mar 03, 2022 12:43 pm 

Joined: Fri Feb 14, 2014 3:42 pm
Posts: 142
Location: Troy, NY
Shortly after my last post, the fed stopped all trading of Russian companies across the board. They are OK to hold, but buying/selling has been halted.
BTW MMC Norilsk down to $3 bucks from $8 yesterday......


Top
 Profile  
 
 Post subject: Re: Ore war?
PostPosted: Tue Mar 08, 2022 10:41 am 

Joined: Mon Sep 02, 2019 12:00 am
Posts: 197
Not being knowledgeable on stock market trading, I would have to pass even if it were allowed, as I don't know either or(e).


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 7 posts ] 

All times are UTC - 5 hours [ DST ]


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Jump to: