The Great American Re-start : Rated X "Let me control a nations steel production and I will show you how to disarm or win battles. " - made it up or heard it from someone
Created back in 1901 by New York's most famous names, United States steel was incorporated on February 25.
Since then we've seen multiple wars:
Crazy Snake Rebellion
Border War
Negro Rebellion
WW1
WW2
Cold War
Golf War
to American Intervention in Libya (to name a few).
These were all examples of how American Steel conquered and protected our freedoms.
However, when a specific country entered the WHO around 1999-2001, a unseen battle started to take place at home.
Cheap steel from abroad flooded the shores of the American heart land. Industry took advantage of it. But suddenly feel for the honey-trap. As cheap steel flooded in, profits by the cheap steel producers quietly consumed shares of our American might....slowly crippling us from with in.
Fast forward 20 years....
I believe the trade tariff steel stung us in the short run. However, now It will help us greatly especially during the time of 'the pandemic.' Why? In short. We cant rely on others. American Made must restart.
(look up: foreign companies buying up UK steel)
I still believe steel output is vital to home grown manufacturing of steel goods. I also believe the shortage of supplies because of the 'trade-war' had made buying at home extremely important to our supply chain.
Technical Analysis
Great upside swing in the 5 day. Tuesdays pop smashed past the 70 on the rsi 14.
Todays price action landed us back to the 'buy buy buy' zone.
Will we see 30+ before February 25? Happy 120!
Position - Bull-Bias
Long Shares and Long Calls
Disclaimer:
Short and fast rumble. Needed to get the ideas out. Grammar mistakes, etc...
Bull-Bias.
NOT FINANCIAL ADVICE
sources:
war: in MLA format
en.wikipedia.org
