Key insights
- An investor is considering selling their copper and aluminum mining stocks due to concerns about higher diesel prices and geopolitical instability following the war in Iran. This reflects a potential negative sentiment towards the mining sector due to rising energy costs and increased risk aversion, which could lead to a minor sell-off in related US equities.
I purchased some copper and aluminum miners earlier this year and was doing pretty well with them until the war in Iran started. I've already given back all of my gains plus some...
Does anyone expect miners to weather the storm of higher diesel prices or should I cut my small loss and find something else? I'm not married to these stocks and am not willing to hold through a significant down turn.
Figures I was looking at oil and gas companies last month and never pulled the trigger! Probably too late to hop in now..