Today’s sales pitch. Does anyone know anything about it?
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Commodities
Can’t be anything but China if it’s Steve.
Full disclosure, I like his thought process, follow him pretty closely and I’ve made good money on his trends. Having been to China a number of times, I tend to come to the same conclusions he suggests. Of course, buyer beware and do your homework but his supporting arguments are, at least to me, compelling.
arbrnrngr, No, he’s started a whole new service, seperate from China and it’s Commodities. By the way, perhaps because of the President’s trade war threats, his China stocks arent doing well at all in the last 45-60 days !
JBinSC
Sure, I listened to the entire pitch. He thinks “Commodities” are getting ready to go into full Bull mode. For $2,000, you can get the names of 14 stocks that he is following with 10 of them a “buy” now. I
cannot afford 2 grand for this new service, but I’d like to see if any of you have access to his predictions. Commodities is a very broad area and even Shuggerud says the won’t all be winners and I have no idea which ones are the best place to invest. Any advise from you all will be appreciated !
JBinSC
Well going by what I’ve been buying, I would guess maybe copper or silver. On the silver front.. AG, EXK, SILJ, WPM. On the copper front FCX and HBM. I’m talking my book here so do your own work. I do really like HBM here but I could be missing something.
dolly varden silver.
Is this the Reclusive Millionaire Warns: “Get Out of Cash Now” pitch?
From the pitch presentation, USCI was introduced as a free tip as a smart way to generally benefit from commodities.
The broader strategy as I understand it was that the service would monitor 14 “Masters of the Universe” companies, and probably use Steve Sjuggerud’s normal buy hated securities that are starting an uptrend strategy for entry points, and use TradeStops or similar to determine exit points.
Presumably the largest producers would be less volatile and more accessible to typical investors (e.g. me) than directly trading in commodities.
Would be interesting to see what companies members would suggest as candidates for those “Masters of the Universe” … e.g. would these be just commodities producers or would these also include some “picks & shovels” players. Some “obvious” candidates would include
Freeport McMoran
Barrick
ArcelorMittal
Exxon
BHP Billiton
Potash
Less sure about e.g. agriculture
ArcherDaniels
Cargill ?
In terms of picks & shovels plays
Halliburton ?
Appreciate any feedback on developing an approximate shadow strategy.
DBC was also mentioned as a way to benefit from commodities. In the past Steve S. has also suggested PICK as a way to play resource stocks such as FCX and BHP.