So what is the "defensive" position to take here? I am 20% in O and G, mainly Canadian small caps, 10% in uranium, 10% in shippers, 10% coal, 10% copper plays, as for example Amerigo Resources [that I believe I originally recommended to you] and the rest in gold and silver equities, royalties and such. I realize you can't give individual investment advise, and I'm not asking for it. I just don't know "where to hide" from what you and I both see ahead of us.
Scary stuff but I'm glad you warned us.
So what is the "defensive" position to take here? I am 20% in O and G, mainly Canadian small caps, 10% in uranium, 10% in shippers, 10% coal, 10% copper plays, as for example Amerigo Resources [that I believe I originally recommended to you] and the rest in gold and silver equities, royalties and such. I realize you can't give individual investment advise, and I'm not asking for it. I just don't know "where to hide" from what you and I both see ahead of us.
How low can oil prices fall during the recession?
Very low. Recall they went negative for a day or two during the pandemic downturn.
Thank you; did you reduce or already sold your oil & gas positions?
I haven't sold any and will add to my holdings if prices fall. I rarely sell anything.
Thank you Michael, have a good day