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Archive of entries posted on 9th December 2015

Why were we so stupid?

When I saw oil, copper, iron ore, etc. cratering, why — oh why — didn’t I sell these guys short? Who knew for the ensuing devastation? On June 30, 2014, oil was $105.37 a barrel. It’s now under $40, going to $20 according to Goldman Sachs. Anglo American is one of the world’s largest miners. […]