Goldtent TA Paradise

ALCOA

1. Silverhawk says:

   October 15, 2021 - 11:49 am at 11:49 am

   Seriously, how freaking dumb are we to miss these moves? FCX, RIO, etc etc. Oil companies. So many missed opportunities.

   That being said, huge pull backs in things like VALE because of the China thing. That one and others have nice dividends and are basing after their big drops. I’m in some VALE now

   • Fullgoldcrown says:

     October 15, 2021 - 12:40 pm at 12:40 pm

     What is VALE ?

     • Silverhawk says:

       October 15, 2021 - 1:38 pm at 1:38 pm

       https://seekingalpha.com/symbol/VALE
       Dividend Summary
       Div Yield (TTM)
       15.67%
       Annual Payout (TTM)
       $2.27
       Payout Ratio
       47.36%
       5 Year Growth Rate
       88.10%
       Dividend Growth
       1 Year

       Vale S.A., together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Ferrous Minerals, Base Metals, and Coal segments. The Ferrous Minerals segment produces and extracts iron ore and pellets, manganese, ferroalloys, and other ferrous products; and provides related logistic services. The Base Metals segment produces and extracts nickel and its by-products, such as copper, gold, silver, cobalt, precious metals, and others. The Coal segment is involved in the extraction of metallurgical and thermal coal; and provides related logistic services. It also offers platinum group metals. The company was formerly known as Companhia Vale do Rio Doce and changed its name to Vale S.A. in May 2009. Vale S.A. was founded in 1942 and is headquartered in Rio de Janeiro, Brazil.

       • Gold Learner says:

         October 15, 2021 - 2:14 pm at 2:14 pm

         Sir Silverhawk,
         I’ve seen VALE been recommended by some other folks as well, as a diversification into more commodities, rather than going all in on PMs.

         Being down 35% below its 52-wk high, and in the commodities sector, looks like a better buy as compared to FCX, which I missed for the nth time in the 30-32 range.

         Also any take on Altiplano ?

         Best,
         GL

         • Silverhawk says:

           October 15, 2021 - 4:38 pm at 4:38 pm

           Not familiar. VALE is just one I’ve been studying. I only have a small position size in VALE, most of my stuff has been nibbling in PM related things lately & I have a good cushion on some oil & gas plays that I am riding a bit

2. Leftenant1 says:

   October 15, 2021 - 2:55 pm at 2:55 pm

   Yes, Alcoa is up 10X. What do to about it — I say don’t look at it any more.

   If a stock has risen insanely I understand the urge to get back in one of these, even if well off their highs. But the easy money has been made. It’s much easier to buy at the bargain basement.

   I did buy in modestly into the PMs in the last few days. I didn’t get in at the bargain prices of last week. But the possibility is there of at least moderate gains over the next few weeks until this bear market rally burns itself out.

   The real precious metals bull market doesn’t begin until commodities have peaked.