A new guest Dana Lyons on the continued weakness in the markets
A new guest Dana Lyons (@jlyonsfundmgmt) joins us to discuss his outlook on the US markets. Dana digs a little deeper into the markets to present the weakness he is seeing and the reason why he thinks the return of a bull market is a long ways away.
Click here to check out Dana’s free blog. Also click here to visit his My401KPro site.
Click download link to listen on this device: Download Show
+1 Ditto.
Even on a strongly up day like today there were over 70 stocks on the NYSE and also on the NASDAQ that hit new 52 week lows.
Freeport Reports Net Loss In 4Q, Considering Asset Sales, Joint Ventures
Tuesday January 26, 2016
I was very happy with with OceanaGold’s move to acquire Romarco earliery this year. I had mentioned Romarco was ripe for the picking but honestly didn’t expect that the offer would come from OceanaGold.
Upon the news of the takeover, I originally sold my Romarco position into the strength and was happy. However, then their shares dipped back down and had an arbitrage to the conversion rate, so I bought the Romarco shares back and had them transferred over to OceanaGold. During that time period I researched OceanGold more closely and was pretty impressed.
Anyone else have any thought on OceanaGold for the mid term?
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OceanaGold Exceeds Guidance During ‘Transformational Year’
Tuesday January 26, 2016
“The company says it recorded unaudited all-in sustaining costs of $709 per ounce”
This gentleman doesn’t seem to be selling anything except his studied opinions on the market in general………..a real breath of fresh air. Thanks for bringing him on.