Yes the spot price got way ahead of itself. Glad it corrected, gave me another opportunity to get back into some of my favorites. Sold a little too soon last time around but I'm not complaining. The spot price correction in combination with the Hedge funds having to dump holdings to cover their bad real-estate investments seemed like an bonus.
I take the opinion of professionals with a grain of salt. Seems like most have some sort of an agenda. Good companies with proven diversified reserves will be making money @ $50.- $80. spot. Never have owned CHX, but I'am up an average of 18% on my buys last month. Would not surprise me if they go up an average of another 50% over the next few months.
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