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If the most important man in the world says it, it has to be true!

Big Al
June 28, 2016

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Do you remember when our President warned the British would the U.S. would do if Brexit actually occurred?

Discussion
96 Comments
    Jun 28, 2016 28:50 PM

    I remember in 2001 some Cisco folks I worked with who had bought expensive San Francisco and Silicon Valley houses on the basis of their stock options.

    Some of them then excercised their options but there was a delay between them doing so and getting the cash… but the market crashed between the two… and they ended up with a fraction of the money that they thought they were going to get… and were unable to pay off the house they had bought…

    So they were left with a multi-million dollar mortgage and basically they eventually lost the houses.

      Jun 28, 2016 28:36 PM

      Sad, Bob.

      I personally learned that lesson a long time ago. Something about counting chickens#

    Jun 28, 2016 28:55 PM

    Does it really surprise anyone. This poor excuse for a President has used scare tactics on the American people for the last 7 years while bowing down to every dictator and terrorist and apologizing for the U.S. He was able to do all this while driving the economy into the ground with regulations and spending. Does anyone really want four more years of this nonsense?

      Jun 28, 2016 28:03 PM

      Gator….Well apparently the American people do, lets face it they are going to vote for that horrible “THING” Clinton…..Don’t they ever learn !!!

        GH
        Jun 29, 2016 29:38 AM

        C’mon Irish, after the Brexit let’s keep the optimism going!

        Hillary’s got a lot going against her, and just the corrupt Democrat power structure in her favor. Okay, and maybe some women who think gender ‘trumps’ all. She’s no shoo-in.

        While I’m far from adoring Trump like certain KER commenters do, he’s definitely shown serious skill dispatching with his umpteen Republican opponents.

        This vid makes a good case for Trump:

        https://www.youtube.com/watch?v=LibRNYJmZ-I

        — bear with it b/c at first blush the guy comes off as too young and goofy, but listen for a couple minutes and you’ll see he’s no dummy.

        IF Trump wins, will he better or worse than Hellary? I have no idea. But as bad as she is, the odds are good he’d be better. Who knows, he might actually decent.

        But if so, of course, the despicable US ‘deep state’ will be against him all the way. Personally, I consider the president to be largely a figurehead, with the real powers in the shadows.

      Jun 28, 2016 28:37 PM

      Of course not, Gator. But we will probably get it.

    Jun 28, 2016 28:55 PM

    Today the markets realize that UK is not going under and will do just as well either way. I picked up some major UK oil companies on Friday 8 am before the open and these never came down to those levels again. I had a quick 8k gain by around 10 am but lost that over 2 days and mostly yesterday. The oil stocks shot up nicely today more than making up the losses from yesterday.
    For some reason the s&p futures were up much higher than the s&p all day.

      Jun 28, 2016 28:39 PM

      Paul, do you still own these companies?

        Jun 29, 2016 29:10 AM

        I am now only holding BP (4k shares) and Shell-RDS.A (4K). They went up around 3% yesterday and now up today around 3% so far. Yield close to 8%. I added 2k more BP in the premarket and 3k Shell.

          Jun 29, 2016 29:11 AM

          I bought BP around 30.62 – now 34.34 today. Shell at 50.65, now 53.96.

            Jun 29, 2016 29:23 AM

            Good work Paul L.

            Cheers!

    Jun 28, 2016 28:56 PM

    We have Typhoons.

    We have Type 45 Royal Navy vessels.

    We have nukes.

    Seriously, they were telling us over and over that the UK would be defenceless if we did not stay in the EU. Look at the EU forces and see which country has the biggest, meanest up to date kit in Europe. Um, yes.

    The sad thing is that plenty of Brits, whom I used to think were intelligent, fell for this cr*p.

    As Churchill said, “Given a choice between Europe and the open sea the British people will always choose the open sea.”.

      Jun 28, 2016 28:07 PM

      BOB…My youngest son is in the Royal Navy, He thinks like me, so therefore we are safe.

        Jun 28, 2016 28:09 PM

        Good for him.

        But tell him to stop going to Libya and ferrying Africans to Europe 😉

      Jun 28, 2016 28:41 PM

      God for Churchill. Nothing like independence!

    Jun 28, 2016 28:59 PM

    Obama is a sock puppet, a bit like a Muppet, but unlike a Muppet, he has the arms of the Corporations & the Bankers up his ARSE.

      Jun 28, 2016 28:10 PM

      Hillary and Bush are the same.

        Jun 28, 2016 28:42 PM

        I disagree. The Bush family is more principled.

          B
          Jun 28, 2016 28:10 PM

          Thats funny Al, Bush family principled.

          Jun 28, 2016 28:42 PM

          “The Bush family is more principled”…Really
          Like Prescott Bush indicted for his banking deals with the Nazis
          Get a grip Al..
          Theirs non so blind that will not see.

          GH
          Jun 29, 2016 29:43 AM

          Ouch!!

          Junior? Who largely started all this mess in the middle East and has the blood of, literally, millions of innocents on his hands?

          Daddy, the spook? Have you ever looked into all the nastiness his agency engaged in?

          I agree with Bonzo, except that the Clintons look like junior partners in the criminal enterprise of which both families are members.

      Jun 28, 2016 28:41 PM

      Agred Irish.

    Jun 28, 2016 28:03 PM

    Big Al, by Forbes: Vladmir Putin is the mos powerfull man in the world.
    http://www.forbes.com/powerful-people/

      Jun 28, 2016 28:43 PM

      Peter, I agree with Forbes. I was simply being sarcastic

    CFS
    Jun 28, 2016 28:08 PM

    Anyone see this in the US?
    Russia’s Defence Ministry said on Tuesday a U.S. destroyer had approached dangerously close to a Russian warship in the Mediterranean Sea on June 17, and protested at what it said was a flagrant U.S. violation of rules to avoid collisions at sea.
    At the time of the incident, the Russian ship was in international waters in the eastern Mediterranean, cruising steadily and without making any dangerous maneuvers, the Russian statement said. There was no immediate comment from Washington.
    The alleged incident involved the USS Gravely and the Russian Navy frigate Yaroslav Mudry, the ministry said in a statement. The Gravely approached the Russian vessel at a distance of 60-70 meters from the port side and crossed in front of it, it said.

      Jun 28, 2016 28:44 PM

      Did not see that.

    CFS
    Jun 28, 2016 28:46 PM

    A few days ago ISIS put out a video threatening (by implication of buildings shown) two locations: Istanbul and San Francisco.
    Today:
    http://news.sky.com/story/1718871/nearly-50-killed-in-istanbul-airport-attack

    Food for thought….

      Jun 28, 2016 28:46 PM

      San Francisco would be interesting. It would show just how much it fears the U.S.

    Jun 28, 2016 28:16 PM

    Al, I think that you would like to see a political change in your country but you are a very conservative person with a large C, but the conventional politicians that are appointed by the controlling elite like Rubio, Jeb Bush, Kasich, and Clinton, will not bring change they only want to be voted in. That is where it begins and ends. You obviously don’t like people who tell it like it is because that offends your sensibilities, get over this way of thinking about how a person presents himself if you want real change and listen to what they are saying not how you perceive them to be. DT

    Jun 28, 2016 28:54 PM

    I have held onto Comstock mining “lode” seems like forever and it is going nowhere. what do guys think on this one (advice)? please matthew,excelsior, doc? worth holding onto?

      CFS
      Jun 28, 2016 28:33 PM

      If you don’t want to hold an exploration company just starting up for perhaps 5 years, don’t buy exploration companies.
      I do notice LODE is no longer a sponsor of 321gold.com, which may indicate money shortage.

        CFS
        Jun 28, 2016 28:43 PM

        Because it is a high trading volume stock it has been a target of shorts off and on.
        (Often because it was stupid enough to issue full warrants on a financing)
        Most recent comment on short interest in LODE was June 16:

        Short Interest in Comstock Mining Inc (LODE) Grows By 59.1%

        by Alphonse Anthony – Zolmax.com
        Comstock Mining logoComstock Mining Inc (NYSE:LODE) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 895,944 shares, a growth of 59.1% from the May 13th total of 563,059 shares. Based on an average trading volume of 388,516 shares, the short-interest ratio is presently 2.3 days. Currently, 0.7% of the company’s shares are short sold.

        Comstock Mining (NYSE:LODE) opened at 0.3627 on Thursday. Comstock Mining has a 52-week low of $0.33 and a 52-week high of $0.74. The firm has a 50-day moving average of $0.39 and a 200-day moving average of $0.43. The firm’s market cap is $64.88 million.

        Comstock Mining (NYSE:LODE) last and nounced its quarterly earnings results on Thursday, May 5th. The mining company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.01. The company earned $2 million during the quarter, compared to analysts’ expectations of $1.67 million. Equities analysts anticipate that Comstock Mining will post ($0.08) EPS for the current year.

        Separately, Zacks Investment Research raised Comstock Mining from a “hold” rating to a “buy” rating and set a $0.50 price target on the stock in a research note on Thursday, March 31st.

      Jun 28, 2016 28:54 PM

      dw jones, Bob M is a great story teller but if you buy stocks he recommends he has had a great many stinkers but he is not going to publish how much money he has lost and on some stocks and it is a considerable amount of money. In all fairness he tells you to do your own due diligence. Remember the old saying buyer beware! Might I add Al has as well, we all have that is why having an exit strategy is much more important than buying. DT

        Jun 28, 2016 28:50 PM

        We do discus companies other than sponsors.

      Jun 28, 2016 28:36 PM

      dw; LODE technically appears it is slowly moving into a nice trading range and ultimately narrowing BBs. If that happens, expect complacency to morph eventually into a nice breakout either way. And since the stock is trading at these levels, the odds are that breakout will be to the upside.

      Jun 28, 2016 28:40 PM

      I’ve actually been watching Comstock Mining for a long time, and like the progress they have made putting in the new mining entrance, they have the support of the local people and local government (it always helps to have a good social license), and that mine has produced for a long time. If I remember correctly they also have part of their business tied up in the hotel and hospitality business, which is odd for a mining company. I think it is undervalued based on the fact it has been in production off and on for a long time, and they have some exploration upside potential now with the new access tunnel. Sometimes it is a waiting game for the marketplace to re-rate a company, but then it will move suddenly.

        Jun 28, 2016 28:53 PM

        For anybody that follows the SILVER Mining sector, I just put together some new 6 month charts. Of course, there where different periods of times where an investor could have entered or exited some of these stocks with larger gains, but these charts just look at if you plopped in $_______________ 6 months ago, then what would be the best gains. These composite charts will also morph daily as new results get posted, (in case anyone sees these a few days from now).

        _________________________________________________________________________

        6 MONTH BAR CHART OF THE — TOP 10 SILVER MINING STOCKS:

        Silvercrest Metals – up 637.50 % !!!!!!

        Canasil 627.27 % !!!!!!

        Southern Silver 600 % !!!!!!

        Orex Minerals 546.15 % !!!!

        Defiance Silver – up 450 % !!!!

        Dolly Varden Silver – up 433.33 % !!!!

        Mines Management – up 433.13 % !!!!

        Impact Silver – up 403.70 % !!!!

        AZ Mining – up 361.76 % !!!

        Silver Range Resources – up 333.33 % !!!

        http://stockcharts.com/freecharts/perf.php?SIL.V,CLZ.V,SSV.V,REX.V,DEF.V,DV.V,MGN,IPT.V,AZ.TO,SNG.V&p=3&O=111000

        Jun 28, 2016 28:47 PM

        Great brief on the silver stocks!

          CFS
          Jun 28, 2016 28:55 PM

          Thanks, Excelsior.

          I agree with you about LODE. I think it could double in the next year after reading analyst comments.

            CFS
            Jun 28, 2016 28:41 PM

            Here’s a couple of names for you to look at, excelsior:
            Mxgold mining MXL.V doubled this month.
            KNTNF which I here is about to do a lot of promotion. (Has not be on the market long, but picked up an old mine from Barrick cheaply and is about to put it back in production, stock dropping recently.

            Options expire Thursday noon on LBMA, so I expect an attack on price until then.
            Perhaps Thursday could see the bottom? I plan to be fully invested by Thursday evening.
            My gut tells me the commercials have little physical left…..so risk/reward is turning to favor owning.

            Jun 29, 2016 29:59 AM

            CFS – Agreed on LODE.

            Thanks for the heads up on MxGold Mining and yes I am familiar with the story unfolding in KNTNF.

          Jun 29, 2016 29:05 AM

          Excelsior,
          Great list of silver stocks! Thanks

            Jun 29, 2016 29:23 AM

            I forgot to include one of the Silver Stocks that I actually own and have very high expectations for. I consider Nicola Mining (NIM.V) or (OTC: HUSIF) as a Silver Stock because they still own 100% the Treasure Mountain Mine, which was the flagship asset of their previous incarnation as Huldra Silver. They also have a commercial grade gravel pit they may extract for a side revenue, and they do ore processing and soil reclamation as side credits (both areas that should turn into great profit centers for Nicola Mining beyond their Silver & Grave mines).

            That Treasure Mountain Silver mine & Merritt Mill went into production right as metal prices tanked out a few years back, and they had to shut down the mine & world class mill right after they started up operations. Then the debt spiral took them out of the game for years and into credit protection. They only recently emerged again, restructured their balance sheet, and most are still not following them as a blossoming mining company.

            I haven’t forgotten the potential of this Treasure Mountain Silver mine, and to me it is significant that they held onto the fully licensed and permitted mine & mill, as that milestone is rarely crossed by any company. The value there is not even closed to being priced into the current shares, and I’m surprised that investors have not really considered all the upside to them having that processing center in Merritt, or the upside to the gravel pits on their property that will likely be monetized next year, or the upside at their mill for contaminated soil reclamation where they can assist other mining companies with remediation of properties for a side revenue.

            The largest glaring reality that the PM investing marketplace seems to have overlooked is their Merrit Mill just started to throw off revenues this month as it is now processing Gold & Silver from other mining companies in the area. It has already signed four mill profit share agreements with high grade gold producers. This may temporarily shift the focus more to Gold than Silver (but the Merritt Mill processes both & base metals). Their flagship asset the Treasure Mountain Mine is why I still believe over the next 1-2 years, that they’ll go back into production as mainly Silver. For now though…… Gold processing is bringing home the bacon.

            Just 2 weeks ago Nicola Mining announced they have started processing ore again this month for Gavin Mines at their Merritt Mill, and here is that press release for anyone that missed it in all the hustle and bustle:

            __________________________________________________________________________

            Nicola Mining Commences Milling Operations
            by nicola_admin | Jun 16, 2016 | News Releases |
            TSX.V: NIM

            http://nicolamining.com/nicola-mining-commences-milling-operations/

            Jun 29, 2016 29:28 AM

            Here is a chart for Nicola Mining. I orginally was going to just post the 6 month Bar chart showing it’s up 141%, to be in harmony with the Silver lists above, but then I thought a more detailed chart would be more helpful. Check out the ADX and nice share price appreciation lately. Maybe the marketplace is starting to notice the wake form little Nicola Mining. 🙂

            http://stockcharts.com/h-sc/ui?s=NIM.V&p=D&yr=1&mn=0&dy=0&id=p23539828650

            Jun 29, 2016 29:30 AM

            I’d also note that over the last few months the volume has increased substantially into a rising share-price…. so that is typically bullish action.

          Jun 29, 2016 29:57 AM

          Glad to share mj12.

    CFS
    Jun 28, 2016 28:27 PM

    Merkel annoys Cameron by saying Germany will not give UK any good deal on n exit, to which Cameron shocked the Frau by telling her the Brexit result was her fault by refusing to see there was an immigration problem.
    http://www.telegraph.co.uk/news/2016/06/28/david-cameron-has-told-the-eu-it-must-reform-freedom-of-movement/

      Jun 28, 2016 28:51 PM

      Good for him because it is a BIG proble.

        CFS
        Jun 28, 2016 28:45 PM

        My guess is he felt he had nothing to lose!

        I’m sorry to see him go because he was heading towards a balanced budget for the UK, and I don’t see anyone else that thinks that way to replace him.

    Jun 28, 2016 28:34 PM
    Jun 28, 2016 28:03 PM

    GOLD WILL NO MORE STOP TO GO UP ! DAY RULE THE WOLD ONE GOLD 8888 BUY GOLD ! https://www.youtube.com/watch?v=cJdG0ApGj_4

      Jun 29, 2016 29:02 AM

      james

      that is the most ridiculous video I have ever seen in my life.
      You seriously need to educate yourself or go to a university and learn facts not paranoia spewed out on some youtube channel.

      I certainly hope you don’t not believe the contents of that video.

    CFS
    Jun 29, 2016 29:25 AM

    The EU elite unelected, unaccountable bureaucrats just don’t get it.

    http://www.zerohedge.com/news/2016-06-29/germany-just-blew-italys-bank-bailout-plan

    Scr*w the peasants mentality.

    Listen to Mcalvany commentary on ease of doing business under the bureaucrats.

    CFS
    Jun 29, 2016 29:57 AM

    You think gold might be up!
    Did you look at Pt and Pd?

      Jun 29, 2016 29:56 AM

      Silver is up even more. No wonder you’re CFS not CFP.

        Jun 29, 2016 29:02 AM

        Matthew, Yes Silver is up more and has the ability to grow on percentage basis the most, but I wouldn’t rule out Platinum and even Palladium miners upside potential as they are still greatly undervalued and haven’t started to recover as much as the Gold/Silver stocks at this point.

        Pete posted an interesting article on KER, earlier this week, that highlights the Gold/Platinum ratio over the last few decades and that currently Platinum is undervalued in comparison to the mean. Over the next 12 month the PGMs will play a bit of catch up in pricing, and that should bode well for the producers/explorers.

        My shares in Platinum Group Metals (PLG) and Wellgreen Platinum (WGPLF), have done pretty good, but they are just getting going, and if Platinum & Palladium do increase in price to play catch-up over the next 12 months, then I expect some of these companies will garner more interest from investors and represent unique opportunities.

        http://stockcharts.com/freecharts/perf.php?PLG,SWC,WGPLF,ELR.TO,LGO.V,PALDF,PLM,IMPUY&p=3&O=011000

          Jun 29, 2016 29:03 AM

          I went and found the article that Pete has posted earlier on the Gold:Platinum ratio.

          Very interesting article IMO.

          ________________________________________________________________________

          Gold-to-Platinum Ratio
          By: Arkadiusz Sieron | Mon, Jun 27, 2016 Share

          http://www.safehaven.com/article/41834/gold-to-platinum-ratio

            Jun 29, 2016 29:31 AM

            I have nothing against platinum but it is more like zinc or copper than silver. I like silver because it has many more industrial applications as well as a huge above ground supply that no other metal, besides gold, can come close to.

            http://schrts.co/kF11H6

            Jun 29, 2016 29:09 AM

            Yes, agreed. Silver is my favorite too, and I while I invest in Gold, Silver, Platinum, and Palladium miners, as well as a few base metals companies with high Copper & Zinc exposure, my primary concentration has been in the Silver miners.

            Platinum and to a lessor extent Palladium are still “pseudo” Precious Metals though, because they still sell Platinum and Palladium coins & bars at the bullion stores, and both metals are still very popular in Jewelry as a wearable store of value (unlike copper and zinc which are strictly base metals). Yes, Silver, Platinum, and Palladium all have nice expanding industrial components in addition to their investment use in coins, bars, & Jewelry.

    Jun 29, 2016 29:32 AM
      Jun 29, 2016 29:38 AM

      Very nice. Yes, I’ve been happy at the progress Jaguar Mining continues to make. When the rest of the marketplace does a little homework and pulls up charts back to 2011, they’ll realize what a fall from grace JAG has had, and what an insanely bullish turnaround story this is going to be. They still have the 3 mining complex (4th actual mine) sitting on care and maintenance that I anticipate will be coming on line by early next year. Then they have a large Development stage project, and 2 other Exploration projects, beyond all the upside around their existing mines.

      I’m in Jaguar Mining for a 10+ bagger, and feel it has the assets and low current valuation to pull that off over the next 2 years.

      Check out the epic fall from grace, and the recent turnaround after they came out of restructuring. Also note the much higher volume spikes into the rising share price and the ADX turning up in a positive way the last few months. Good stuff!

      http://stockcharts.com/h-sc/ui?s=JAGGF&p=D&yr=5&mn=0&dy=0&id=p79210293629

        Jun 29, 2016 29:50 AM

        Sprott’s $22.3M bet is substantial by any measure so he must see what we see. Just remember to be patient with it since we’ve got quite a bit of paper to deal with as those debenture get exercised.

        Thanks again for getting me to take another look at DV. I only had 58,000 shares but I got in at an average of about 16 cents.

          Jun 29, 2016 29:53 AM

          I should have said “converted” rather than exercised about those debentures.

            Jun 29, 2016 29:12 AM

            Yes, good point as those debenture notes get converted. It may get a bit sloshy, but I welcome the increased volume and focus on Jaguar as things develop.

            As for Dolly Varden….. what a hootenanny that has been and it was honestly their press releases and my conviction that Hecla would take them out that caused me to take notice. That area play in NorthWest BC (Golden Triangle) is very endowed geologically, and it’s hot tp trot with investors and companies at present.

            I love it when a plan comes together. 🙂

            GH
            Jun 29, 2016 29:22 PM

            You guys’ record stands for itself. Kudos!!

            Jun 29, 2016 29:08 PM

            Thanks GH. Hope all is going well for you in your investing.

            Any companies that have caught your interest at the moment?

            Jun 29, 2016 29:48 PM

            I’ve been using the analogy for Jaguar that they are like a Major League ball player that got into a bad rut, and got sent down to the Minor League to work it out and sink or sail. It looks like they have decided to sail, got their act together, and they are graduating back up to the big board….. going from the Minor league (or Miner league) to the Majors. Well done.

            __________________________________________________________________________

            Jaguar Mining Receives Conditional Approval to List Shares and Debentures on TSX
            Toronto, Canada, June 29, 2016

            “Jaguar Mining Inc. (TSX-V: JAG), is pleased to announce it has received conditional approval from the Toronto Stock Exchange to graduate from the TSX Venture Exchange and list its common shares and its 12.00% convertible senior secured debentures on the TSX.”

            Rodney Lamond, President and Chief Executive Officer of Jaguar commented, “Graduating to the TSX is an important step in the evolution of Jaguar that provides more visibility and a broader base of retail and institutional shareholders.”

            http://www.jaguarmining.com/s/NewsReleases.asp?ReportID=754024&_Type=News-Releases&_Title=Jaguar-Mining-Receives-Conditional-Approval-to-List-Shares-and-Debentures-o

        Jun 29, 2016 29:52 PM

        Excelsior:
        You expect a 10 bagger on JAG from what point? $.07? or todays range of $.30-35?

          Jun 29, 2016 29:44 PM

          Both 🙂

          I purchased the majority of my shares between $.15-$.23, but have trimmed on rips and added on dips for over a year, so ironically my cost basis is actually just a little over $.07. Longer term, today’s range of $30.35 is still great value for Jaguar Mining.

          Based on the quality of their assets, their production profile and cost reductions, the extra mine they could bring on that is built&permitted, their large development project, 2 other exploration targets, and rising metals prices I believe a 2-3 year target of $2-$3 is very reasonable.

          The one caveat will be that if a larger company comes along and buys them (which could always happen), then it may rob investors of the 10 bagger (like what happened with Claude, Lake Shore Gold, True Gold, Silvercrest, and possibly what could have happened with Gryphon Minerals or Mines Management if they had not been taken out near the bottom of the multi-year bear market). If all of those companies had stayed separate over the next 2-3 years, then many of them would have ended up being 10 baggers.

          For many of the larger mining companies a 3-7 times increase from here is likely, but there are unique opportunities in the smaller Mid-Tiers, smaller producers, and development companies that may be able to pull off a 10+ bagger. Exploration companies, if they really run can get up to 15x or some even higher than that from the bottom of the cycle to a later term takeover towards the end of the bull market. (This is of course what happened to many of the Majors that were growing just for the sake of growth and piled up huge debts overpaying for projects in late 2010-2011. Investors participating in those mergers did quite well, but the companies had bitten off more than they could chew when the metals started correcting in 2012, and then falling out of bed in 2013. Now we see many of the majors have divested many large assets just to pay the piper.

          For the companies with the balance sheets to do so, now is the time to make acquisitions before the metals recover any further. (like Nevsun just did with Reservoir Minerals). Over the next 12 months we’ll see a few more takeovers by project generators finalizing their portfolio of mineral banks, by Mid-tiers wanting to diversify jurisdictions, or consolidate jurisdictions, and a few more JV announcements and a few more Streaming or Royalty package deals go down acquired from the Base Metals before the metals take off much further.

            Jun 29, 2016 29:55 PM

            The next 2-3 years are going to be very exciting, but there are just too many companies to follow, so that’s where the work comes in to sort it down to a manageable group of companies to own, with a few backups on the wish list or shopping list in case you need to re-balance the position in ones you hold, and I always have a few higher risk/higher reward sleepers peppered in the mix that could be the really amazing returns with a little funny money. I follow all the stocks in a sector on master lists, but then have my core interests, and then about a dozen more Silver and dozen more Gold on deck if I want to make some substitutions, or if something major develops presenting a better opportunity.

            So, it is quite conceivable that one can go out and buy a stock like JAG now, and then the metals could suddenly correct back down a month later, where the stock could fall back by 1/3 or maybe even in 1/2. As disheartening as that is when that happens (and I’ve sure had it happen to me over the years), those are also the times to hold your nose and add to the position from a much lower level, and average down once or twice if you truly believe in the fundamentals and technical of the company longer term. Then if the stock jumps back up, and you feel over-allocated, then trim some back. I usually fade into and out of positions to limit risk, and rarely go all into a position at one time. There are times where when I do very short duration trades, that I do go all in but then fade the exit.

            2016 has really been in a unique window of time, where many of the companies likely put in their final bottoms early in the year, and those prices are unlikely to be witnessed again. In a few years looking back at 2016, almost all of the quality stocks will look incredibly cheap, even as they are priced today. There are many great companies to buy right now and in 2018 investors will be glad they did.

            I’ve consistently kept some exposure to the miners between (15-50%), because to me the bigger risk is to not even be in the market at all. I feel that way about getting exposure to certain companies. You can always average into a position over time, but if you really like a company, then watch the charts for a good entry based on the technical indicators, and get started. If it corrects, add a second tier. If it grows take out a 1/2 tier. If it corrects again or further add a third tier. If it jumps up take that tier back out. Get a good core position in place, manage risk, and capitalize on price weakness.

            Personally, I’m waiting for the next pullback in miners to add to my current positions, and also to add a few new ones. However, so is the rest of the planet, so unless the metals just fall out of bed again, the pullbacks in the miners will likely be a bit more shallow, due to all the pent up demand on the sidelines.

            Regardless – Even after the huge run many of these mining stocks have already had up 100-500%, they are just getting started for years of appreciation, and we’ll look back on 2016 as the good ole days when mining stocks were offered up with this 80-90% off sale.

    Jun 29, 2016 29:33 AM
      Jun 29, 2016 29:50 AM

      Globex is in deep hibernation right now, its stuck in the .36 region. I hope its recharging for a nice move soon😉

        Jun 29, 2016 29:18 AM

        I’m intrigued by the prospect generator model like Globex Mining, and may eventually jump on that train.

        Altius Minerals, Eurasian Minerals, Millrock Resources, Strategic Metals, Abitibi Royalties, Aurico Metals, Midland Exploration, Eros Resources, Idaho North, Arena Minerals, Transition Metals, First Mining Finance, and Oban Mining are other interesting prospect generator companies to note.

          Jun 29, 2016 29:51 AM

          Altius is one of Rick Rules favourites with a very bright young man as a leader, Brian Dalton.

            Jun 29, 2016 29:48 AM

            Yes, Altius Minerals has more exposure to the base metals, but their royalty package is more lucrative than some of the other project generators at this point. Brian is sharp CEO.

        Jun 29, 2016 29:37 AM

        It hit .51 at the end of May so I would call this a pullback rather than hibernation – at least for now.

        I have replaced most of the shares that I sold into the May action and will likely hold a substantial position for years.

        http://schrts.co/WLVkb6

          Jun 29, 2016 29:50 AM

          I like what I see and of course this is a long term holding. I got in at 0,365cad and Im pleased with that. I dont mind waiting 18 months for a substantial higher price. Pick right and sit tight.

          Jun 29, 2016 29:24 PM

          I like the look of that chart, and tweaked it a bit on this chart. If the 50 day EMA can cross above the 200 day EMA, it could get real snazzy…..

          http://stockcharts.com/h-sc/ui?s=GMX.TO&p=W&yr=5&mn=0&dy=0&id=p52246619034