Which analyst should we believe, Gene Epstein in Barons believes the bubble is about to burst in commodities and here we have Ron Meisels saying:
“Darkening clouds may appear to be gathering over Bay Street, but one analyst sees a ray of light., says stocks have already entered a new bull market phase and the S&P/TSX composite index should reach 16,000 within six months. Ron Meisels, president of independent market research firm Phases & Cycles” a Financial Post article.
Remember the TSX is heavily weighted in commodities.
Whom do we believe. The true answer is simple. Regardless of a 30% pull back in commodities or a 30% increase if NOT continues to prove up the resource and grades proven so far, this stock is going much higher(yes possibly to the moon).
Keep the Faith