short term trade for SBMSBM sitting at bottom of the cycle.
It had a massive run in the past decade
but has fallen back. Sentiment is low
and i Feel all the sellers have been exhausted. Everyone who wants out
of SBM is out so expect a short term bounce.
Gold price making new highs will help.
technically this setup looks strong so
next target will be about 50 cents.
on the Macro side of things. The phony economic numbers are boosted by Govt
spending which is only surface level. intrinisically the economies of the world
have been in recession since 2019.
I suspect govt sectors and its rent seekers
to make up more than 50% of GDP.
The private sector is dead or moved to China.
Wars continue as the Empire tries to hang on. Wars are fundamentally inflationary.
Like Keyenes said . in the long run we're all dead.
