Maybe We Were All Wrong On Timing For QE and Inflation
Marc Chandler joins me this week to outline his thoughts for next year. With the ECB and possibly BoJ slowing their easy money policies Marc thinks we could see an uptick in inflation. This makes us reassess the thought that when central banks print money it results in inflation. What could happen is that inflation peaks when central banks slow money printing after years of easy money and finally this money rotates out of the easy plays for the past 8 years.
Click here to visit Marc’s website for more great daily commentary.
Click download link to listen on this device: Download Show
Tax bite or not…….real estate about to get interesting…..
Bonds……rates going up…….
http://www.zerohedge.com/news/2017-12-19/global-yield-curves-are-snapping-steeper
Greek Bond…….. 13%….
Maybe Germany needs to buy some Greek bonds……
http://www.zerohedge.com/news/2017-12-13/germany-owes-greece-%E2%82%AC185-billion-wwii-reparations-say-german-researchers
German’s got a pass on their warmongering……..time to pay up, since they are so wealthy and have not paid their fair share of anything.
Greece still wants its gold back from Germany from WW II
Good point……..I think they should get it back now……Of, course the ECB and IMF, would get their grubby little fingers on it first.
Tie this in with what Armstrong was saying at usawatchdog……..
In other news, Colorado Dems are proud of their stupidity…
https://www.washingtontimes.com/news/2017/dec/18/colorado-democrats-rename-annual-jefferson-jackson/
Inflation is just getting started. It will surprise many and there is no peak in sight.
Gold looks great but it will underperform many commodities…
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=3&mn=7&dy=22&id=p41267061506&a=543937629
Inflation could get a big boost from oil climbing if Chris Martenson is right: https://www.peakprosperity.com/blog/113557/great-oil-swindle
That is a Keynesian way of looking at it but I’ll agree. (It is really inflation that will give oil a big boost.) The Fed drives inflation, not oil.
SILJ is up 13% in a little over a week (and, as you can see, did not pull back a little as I expected)…
http://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=0&mn=7&dy=7&id=p14721294440&a=563470252
USAS also has not pulled back as expected. I wonder if Chartster and others still think it is heading below $3.00 (because it isn’t)…
http://stockcharts.com/h-sc/ui?s=USAS&p=D&yr=1&mn=0&dy=9&id=p64295173392&a=563477404
+1 I agreed with that assessment before and agree with it again. It was also the good doctor that was expecting the $2.50 in the near future, and yet, USAS has held up rather well. Next year in 2018 is going to be a transitional year for Americas Silver. I’ve had many a good return trading this stock back from when it was Scorpio Mining, to briefly US Silver & Gold during the merger, to the new incarnation.
What they have going on with San Raphael is a game changer for them and they have not been re-rated accordingly yet. They’ll have negative all in costs on that production due to the Zinc & Lead credits, and this will bring the company average down to around a $3-$4 AISC by the end of 2018. Those are in line with Silvercorp (the lowest cost producer).
San Felipe that they picked up off of Santacruz Silver this year was barely noticed, but it is a wildcard upside factor that likely won’t be realized until 2019, but still that was a great acquisition. I was sad to see Santacruz divest that project, but ultimately don’t care as I own both companies anyway 🙂
Not only is IPT a strong buy…
http://stockcharts.com/h-sc/ui?s=IPT.V&p=D&b=5&g=0&id=p44226817926&a=539900298
It is a strong buy when priced in AXR…
http://stockcharts.com/h-sc/ui?s=IPT.V%3AAXR.TO&p=D&yr=1&mn=0&dy=9&id=p59673564214&a=564150249
IPT has had quite a breakout today and my portfolio is smiling back.
As for AXR/AXU – The big catalyst for them this next year will be more drill results early to mid year in 2018, and the decision to go back into production towards the 4th quarter of 2018. Alexco is still going to have a solid 2018.
Both Impact and Alexco are top-shelf Jr Silver stocks.
Yes, Alexco is sure to do very, very well next year. Still, you can count me dead wrong if Impact doesn’t significantly outperform it.
No interest in counting you dead wrong on anything amigo. I agree with you and have a heavier weighting in Impact for just those very reasons, but things can still go wrong with any company, so I like having a few horses in the stable to carry the load if one breaks a leg.
Alexco’s move may be more gradual ramping up into year end (regardless of metals prices, but likely in synch with them), but Impact Silver should come out with guns blazing (like today) as it is so highly levered.
That’s true, many things can go wrong. Luckily, IPT has proven itself to be sort of a “blue chip” among its peers. Aside from being debt free and having a great property, management has proven itself to be well aligned with shareholders and has always timed capital raises prudently. In addition, it appears to have always had a good relationship with both its employees and the Mexican government.
I could go on but must find my pom-poms first. 😉
Ha! Agreed. I share those same thoughts, and again, it one of my heavier weightings in the Jr Silver miners. I’ve posted their exploration maps, links to their 4,500 old artisinal workings, and the 70+ old processing centers peppered all over their property as evidence for much more exploration upside.
The only feedback I get from other investors (usually in private chats over at ceo.ca) is their reluctance due to the lack of NI-43-101 info or published AISC etc… To most of those folks I just reply that Impact is a bit non-traditional in that they just explore for resources, develop mines, and start producing. (what a novel concept).
Looking for a big year in 2018 from IPT. If it can pull off another 5-10 bagger, then I’ll break out my pom-poms as well. (lol)
The lack of a 43-101 resource estimate is just another sign of management’s prudence with investors’ money. They are good at bringing projects to production quickly and without financing so why waste money on proving what they already know?
Once the bull market is mature (and IPT is going for $10-$20 or so), then I could get behind the effort to give the retail guy what he wants. For now, that “Joe Blow” uncertainty is opportunity.
I concur, and would rather see mines take the risk on production and generate profits than to just keep drilling to infinity and beyond to impress people with an NI 43-101 that hardly anybody will read anyway.
It’s a bit of a radical view, but I like it when mining companies focus on “mining.”
I’m very excited to see the IPT room at ceo.ca getting more and more active.
Btw, Typhoon Exploration jumped 66.6% today (currently +33.3%) and has traded 1.43 million shares – huge for TYP.
Stockcharts took away charting for it so I can’t provide a picture.
Quite a move. Well I sold TYP in 2016 on one of the moves because trading in it was so sporadic, but still rooting for their success.
Matt & Ex,
Do you like any other short to medium term charts on any particular silver producers here? I have too many Impacts USA and Excellon. Also I’m in NewGold now. When is she gonna blast off? I thought three days ago but it’s still on hold for n
ow. Looks pretty ready now
confused – here are the Silver stocks in my portfolio
Silver Stocks
Americas Silver Corp
Endeavour Silver
Silvercorp Metals Inc
Excellon Resource Inc
Impact Silver Corp
Avino Silver & Gold Mines
Santacruz Silver
Bayhorse Silver
Alexco Resource Corp
Aurcana Resources
Kootenay Silver Inc
Dolly Varden Silver
Silvercrest Metals
Defiance Silver
Brixton Metals
Klondike Silver
Here are a few more I’m considering. The (*) ones are the priority:
*Metallic Minerals
*AbraPlata Resource Corp
*Bunker Hill mining
*Silver Bull Resources
*Silver Bear Resources
*Bitterroot Resources
*Golden Goliath
*Minco Silver
*Hunt Mining Corp
*Southern Silver
Bear Creek Mining Corp
Santana Minerals
Silver Spruce Resources
GoGold Resources
Golden Arrow Resources
Golden Minerals
Levon Resources
Silver Mines Ltd
Prospero Silver
Oceanus Resources
Azure Minerals
Azarga Metal Corp
As for the charts, almost the entire Silver space has been under duress since August of 2016, so most of them are a buy at these levels. Bon appetit !
I also have too many concentrated positions. So I now have a significant allocation to SILJ. It performed phenomenally in 2016 and can do even better – far better – if you are comfortable using leverage. It is marginable and liquid compared to most individual juniors.
http://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=7&dy=0&id=p66058442775&a=541767179
It looks like I chose right because it has been the best performing mining ETF of the last week+
Here it is priced in GDX (most volatile unlevered ETF priced in the least volatile ETF):
http://stockcharts.com/h-sc/ui?s=SILJ%3AGDX&p=W&yr=4&mn=11&dy=0&id=p44409477853&a=562800279
Confused – I just realized you specifically mentioned only the producers, and ones besides Americas Silver, Excellon, or Impact.
There aren’t many Jr Silver producers, but I still like Silvercorp for the lowest cost, and they’re buying back their shares at present to shrink the share count.
Endeavour Silver got taken out to the woodshed and beaten half to death this year, but they have 3 mines humming, a 4th ramping up, and #5 and #6 in cue. Lots of exploration potential, and they may be turning the corner on optimization and working out the kinks on the existing mines.
Avino Silver & Gold is still doing all the right things, and have the 2 kickers of Bralorne Gold in Canada, and their old Tailings resource with a 3-5 year boost to production.
Santacruz has been absolutely demolished, but I’ve been watching it very carefully all year long, and by divesting 3 properties to Americas Silver, Marlin Gold, and First Majestic this year, it cleaned up it’s balance sheet and paid off most of it’s debt burden. They have 2 operating mines, but when metals prices kick up, I believe Santacruz silver could surprise a number of investors that wrote them off in years past.
Hunt Mining is a wildcard lesser followed Silver miner, but I’m still unclear on their assets and managment team.
Nicola Mining (formerly Huldra Silver) is still toll mining Gold & Silver at their Merrit Mill, but have focused more on selling their Copper endowed ore to Teck, than revamping the Treasure Mountain Silver mine, due to the depressed prices. Still, if Silver surges, they could easily bring that back into production at their mill.
Bayhorse Silver is the newest Silver producer on the block operating in Idaho and Oregon. They are utilizing Dense Media Separation and Ore Sorting technology to upgrade their ore at site (discarding 80% of the waste rock) and sending direct shipping ore to the processing center.
As mentioned regularly, Alexco is slated to go into production next at Keno Hill towards the 4th quarter of 2018.
As for other Jr Silver producers I’m not as impressed with Great Panther after a series of blunders over the years, or Maya Silver & Gold for their response to potential toxins that could leach into water and some commentators have expressed doubts about their membrane containing the cyanide and mercury. Fortuna is a very solid mid-tier but priced accordingly, and Hochschild is a larger Mid-tier but seems to do a good job with production. Of course there will always be people that are super-fans of First Majestic or Couer that should move nicely. I’m less impressed with the torque from larger companies like Fresnillo, Tahoe, SSR, Pan American and Hecla, and many of them are more Gold than Silver these days.
I should have also mentioned that Golden Arrow and MAG Silver plan on going into production in 2018, and Aurcana is getting ready to restart their Shafter Mine in TX in 2018. Silver Bear is also getting reading to go into production in Russia. There are a number of interesting Developers, but it is always dubious as to WHEN will they finally get into production. The ones just mentioned are pretty close to the finish line.
Correction to my silver portfolio list up above.
I sold out of my (SIL) Silvercrest last week on Thur & Fri, but intend to buy them back if we get another route downwards over the next month or so and it corrects. (I left them on my spreadsheet, as my intention is cycle back into that stock when if moves down to the fill the gaps in the chart). If it just keeps climbing it will sadden me, but hey sometimes you gotta pull profits right?
Speaking of top-self Jr miners, I’ve been trying bang on the $ANX drum all year long as they are set to jet in Newfoundland, but Bob M. has a much bigger drum and mic hooked up to the amplifier. 🙂
____________________________________________________________________
Tax Loss Silly Season Ending
Bob Moriarty for Streetwise Reports (12/18/17)
“Every December for the past few years as regular and predictable as the Winter Solstice investors dump junior mining shares they have lost patience for. We call it the tax loss season but tax loss silly season makes a lot more sense. On just as regular basis, as the daylight gets longer in the Northern Hemisphere other investors run the same stocks higher in the first few months of the year.”
“Lots of people including me and people a whole lot smarter than me have called for a tradable low in December this year. Two weeks ago I talked about wanting to see my favorite sentiment indictors show an extreme. We seem to have gotten our plunge from the speculators in the COTS…”
“I have spent months talking to and researching the next company. Their name is Anaconda Mining (ANX-T). They are in gold production in Newfoundland and have about the lowest profile I have ever seen. For the last year the price range for the shares has been a low of $0.05 and a high of $0.08. They have way too many shares outstanding at 422 million and I hope down the road they do a roll back. It couldn’t possibly hurt the share price.”
“In my viewpoint this stock is one of the least understood gold companies I have ever seen. With a number of major announcements expected in early January I am hesitant to say too much for now. I love the company, management and projects. If I ranked gold projects, this would be #2 behind Novo. Do yourself a favor and go to their presentation and bone up on them. I will be doing a serious and major piece on them in early January. But I’ve been snapping up shares in the open market for months.”
https://www.streetwisereports.com/article/2017/12/18/tax-loss-silly-season-ending.html
(ANX) (ANXGF) Anaconda Mining Produces Over 4,100 Ounces of Gold and Generates $5.8M in Revenue in Q2 FY 2018
@newswire on December 14, 2017
https://ceo.ca/@newswire/anaconda-mining-produces-over-4100-ounces-of-gold
ANX Initiates Drilling on Four Targets at Point Rousse
“Anaconda Mining Inc. (TSX:ANX) has initiated a 5,000m diamond drill program at its Point Rousse Project in Newfoundland, which will occur over the next four months costing ~C$800,000, funded from a recent flow-through financing. Drilling will focus on four main targets along and adjacent to the Scrape Trend, Argyle, Connector Zone, Anoroc and Corkscrew Road.”
(ANX) Anaconda Mining – Newfoundland and Labrador Mining Site Visits Part 1
by @Leni on November 15, 2017
https://ceo.ca/@Leni/anaconda-mining-newfoundland-and-labrador-mining-site-visits-part-1
Anaconda Mining – An Undervalued Gold Producer on Canada’s East Coast
by @Leni on September 18, 2017
https://ceo.ca/@leni/anaconda-mining-an-undervalued-gold-producer-on-canadas-east-coast
2 Hours with Mr. Allan Cramm, VP Innovation & Development Anaconda Mining $ANX
by @Newton on August 23, 2017
https://ceo.ca/@newton/2-hours-with-mr-allan-cramm-vp-innovation-development-anaconda-mining-anx
60 Minutes with Dustin Angelo, CEO Anaconda Mining $ANX
by @Newton on August 3, 2017
https://ceo.ca/@newton/60-minutes-with-dustin-angelo-ceo-anaconda-mining-anx
First Interview with the Unknown Geologist
by @Newton on August 14, 2017
“It is my pleasure to share the transcript of an interesting conversation I had about one month ago. I will refer to the man as “The Unknown Geologist”. He worked on the Goldboro property in Nova Scotia in the late ‘80s during a short career as an exploration geologist. He has moved on, but he still remembers the Goldboro property well. It is not the sort of thing that one forgets.”
https://ceo.ca/@newton/first-interview-with-the-unknown-geologist
Synergies betwen Orex $OX and Anaconoda $ANX
by @Newton on March 9, 2017
https://ceo.ca/@newton/synergies-betwen-orex-ox-and-anaconoda-anx
(ANX) (ANXGF) ANACONDA MINING – UPDATES ON PRODUCTION, EXPLORATION, AND POSSIBLE M&A
Korelin Economics Report – Thursday 28 SEP, 2017
http://www.kereport.com/2017/09/28/anaconda-mining-updates-production-exploration-ma/
EX:
Goldboro is a saddle reef deposit. I’ve seen a similar saddle reef deposit near Goldboro. I don’t know if previous geo didn’t understand saddle reef deposits or what but Goldboro is a giant, high-grade sleeper that will make the company. But they have to educate investors as to what a saddle reef deposit is and why that’s important.
Hi Bob M. – Peter Newton Bell has interviewed him a few times and I’ve heard some old private audio interviews describing w/ the geo found underground before it was flooded, and he thinks they have a beast of a project.
@Newton has disclosed a few things publically that I feel comfortable reposting because they’re already out there about Goldboro.
Here one link:
Here’s another Newton shared on ceo.ca:
@Newton “Check it out:” $ANX
https://drive.google.com/open?id=0BwzguBvmPvuYaTVzOWZlY0JiRUk
Here’s some interesting material with a savvy poster that shows up here on the KER sometimes; (@MickeyMantle)
Interviews with @MickeyMantle and @Newton –
https://drive.google.com/open?id=0BwzguBvmPvuYLWF4QzFUakxhRFk
Second Interview with the Unknown Geologist
by @Newton on August 30, 2017
> Unknown Geologist: “The mineralized zones at Goldboro are some of the largest that I have seen in the province. It is not too often that you get a 2-3 meter wide zone at these high-grade narrow-vein type deposits we have here in Nova Scotia. However Goldboro is about to change all of that. When I first went underground at Goldboro back in 1988, I saw what was referred to as the 1-2-3 belt on the 250 foot-level in the ramp. Together, they were in the vicinity of 10 meters wide on one limb and both limbs of the anticline are mineralized at Goldboro. I’ve never seen anything like that anywhere else in Nova Scotia. The Boston-Richardson is 8 meters thick on the 400-foot level in the rehabilitated Boston-Richardson shaft, which are fantastic widths not normally observed anywhere in the Nova Scotia goldfields!”
“This is an interesting deposit. The size of it is vast. And the wider zones have the continuity. They appear at surface — everything comes to surface. The deposit plunges 25 degrees to the east, so any hot spot that you drill underground should be able to trace back to a surface location. If you want to do multiple pits on high grade, then you’ll have multiple targets. The beast is a miners dream.”
>> Newton: “It doesn’t look like it’s too broken up.”
> Unknown Geologist: “No, not at all. It’s pretty good, very few faults and the rock is excellent for underground mining – very sound, structurally.”
>> Newton: “And the reason for your comment that “everything comes to surface” is because of this big anticline structure. It was great to hear when you described how Osisko put in some holes that were too far away from the anticline to tell the real story in Dolliver Mountain areas.”
> Unknown Geologist: “Oh yeah. The Dolliver Mountain holes… I was on the Board of Directors of Orex Exploration at the time and we brought Osisko in on a deal where they were looking for something they could mine as a big open-pit with 100-meter widths at somewhere around one gram/tonne of gold. Their comparison was their deposit that they were mining in the Malartic at the time.”
“Osisko did a lot of drilling. They did some exploration holes in the Dolliver Mountain area and, unfortunately, the only information we had was historic in nature which shows some very thick belts out in that area. There’s no outcrop at all to go off and there is 25 feet of overburden at surface on the property, which covered it from most prospectors over the years. I am grateful for that because it means it’s still there today.”
“Other’s misfortunes can benefit you in mining. When Osisko drilled these holes at Dolliver Mountain — 5 holes spaced 200 meters apart, just classic exploration holes — I recall that there was some confusion about a shaft they were using as a marker. They thought it was the original shaft on the anticline, but it was actually a ventilation shaft located about 200 meters to the north. Unfortunately, they lined up the 5 hole and did not hit any belt material. Lucky for Anaconda, they get to explore this area that once hosted the largest stamp mill in Nova Scotia.”
“In hindsight, it looks like a simple enough mistake. I actually went down and saw some of the drill core that was drilled. I looked at one hole and it was all greywacke, which meant that they didn’t hit any of the belt material. All that was published in news releases at the time with Orex. You can understand that I was frustrated by some of this.”
“There are some old Fairbault maps of the Dolliver Mountain area. They show some very think belts in this area which we still know very little about. A big positive for Anaconda.”
https://ceo.ca/@newton/second-interview-with-the-unknown-geologist
Ex-man,
thanks for all the amazing sugestions. I will hopefully see a little pullback in the pm’s soon, so I can spend some time catching up with them. I have stayed away from Endevour for so long I forgot….I can’t believe how bashed down it has become…looking pretty nice now. Will see where this mixed messages bear-bull-bumble goes. Then buy some soon-ish-maybe.
Glad to share ideas confused.
Yeah, with Endeavour (EXK)they missed their 4th quarter guidance reported in Feb, and even though they explained why and their plan to optimize their mine, the market was unforgiving and it took a swan dive. I jumped in briefly to play a bounce, but there wasn’t much of one so I sold back out with a marginal gain.
Their stock continued to drift down, and then fell off another cliff in the late summer when a fund liquidated some shares and they reported their 2nd quarter results. I thought the valuation was starting to look ridiculous and said “sure, why not?” and grabbed another position in it. It only moved up slightly in Sept/Oct before heading down even over the balance of the year. I’ve done about 6 swing trades on it since Summer and now have a cost basis just barely under where it is trading currently. It wasn’t a stellar year in EXK but by trading it a half dozen times I carved out a tiny profit in it and am waiting for a resurgence in the miners.
This was a year were the buy and hold investors got crushed, and why I’m so adamant about trimming some on the surges when the setup is more bearish. Right now most of the miners are still at incredibly low valuations and if one just backs up the charts to 2016 it is easy to see how much room many of them have just to get back to those highs.
Keep in mind it isn’t like the 2016 highs were the end of the road either; as they were just 8 months into a new bull market move. Imagine where these stocks will be trading after 2-3 years of a bull market 😉
I do believe in 2018 when the bullish trend re-establishes itself, that many of these stocks can then be then held longer term, but for now it’s best just to take things one day at time. Cheers!
Doc, did you and Al buy Longfin@5.00 last Friday and sell @140 yesterday before if fell to 70?
G 20 jitters……concerning Bitcoin…………..
http://www.zerohedge.com/news/2017-12-19/establishment-panic-g-20-discuss-bitcoin-next-meeting
I wonder if one day NSRPF will rise from 5 to 140 in 2 days before falling to 70?
“In my viewpoint this stock (ANX) is one of the least understood gold companies I have ever seen. With a number of major announcements expected in early January I am hesitant to say too much for now. I love the company, management and projects. If I ranked gold projects, this would be #2 behind Novo.”
— Bob M.
This made me laugh today from The Hedgeless Horseman:
@HHorseman – “All I want for Christmas are the bulk samples”
from #nvo, about an hour ago
(SBB) Sabina Gold & Silver Announces 9.9% Strategic Investment by Zhaojin International Mining Co., Ltd.
https://ceo.ca/@nasdaq/sabina-gold-silver-announces-99-strategic-investment
My legs feel like lead these days , I’m carrying so much T.USA, that I’m starting to look like Old Glory, Go USA, Go USA, Go USA! LOL! DT
USA is going to the red planet, the moon will be a refueling stop. Go USA! LOL!
DT it isn’t just your legs that are full of lead, their deposit has quite a bit of Lead and Zinc beyond the Silver….. 🙂
(USA) (USAS) Corporate presentation – Dec 2017
http://www.americassilvercorp.com/i/pdf/presentations/presentation20171207.pdf
Between Jeffrey Kern’s comments and the GDXJ charts, the long-expected party seems to be starting.
A final kiss goodbye to the blue downtrend channel; it’s retaken the 600 day moving average, and the faint green rising pitchfork. Now if it can take out the top rail of the falling red pitchfork and the falling 55 day sma, it would seem to be on track to rise with the bright green pitchfork.
A less cluttered version:
http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=9&mn=0&dy=0&id=p23398651810&a=553553329
A nice chart, and yes it will be nice to say goodbye for good to that downtrend channel. I’ll feel more constructive when GDXJ puts a little more distance away from it on the swing back up.
Until then, it’s time to swing for the fences.
The fact that Nikki Haley occupies the position she does is a real head-scratcher, but then again, maybe not.
Haley is one of the most abject grovelers to the American Israel lobby. Check out this extraordinary video of her bowing and scraping at a recent Israel lobby event – it is not to be believed:
Thought it was intersting enough to post, nothing new I suppose.
Excelsior thanks for that unbelievable synopsis on ANX They are my largest holding and I have been patiently waiting for this company to get discovered. It seems like come January it is full metal to the pedal. With plenty of pending drill results this one has 10 bagger written all over it. Shout out to Cory for being first to cover this unknown gem !!!
Hey there Mickey Mantle. Yes 2018 will be the year for $ANX and like you mentioned once more people discover this story, and once they get into Goldboro a bit deeper and connect the dots, I also see Anaconda as a potential 10 bagger.
Ever upward!
Stop it. I have this week as my sell small caps and move to miners. Almost hitting a perfect storm and you’re ruining it. 😉
Haha! Well, there isn’t a big rush at this point, but many of the miners I follow have had nice 1 week moves up starting last Wednesday through present. They were so beat down that even now they’re still greatly discounted.
Doc & Jordan think there may be one more dip in the early part of the year anyway, which would be a final buying opportunity. Personally I’m more in the camp expecting a strong Jan/Feb rally in the miners like we’ve seen the last few years.
Sometimes in the thin trading between Christmas and New Years there are a few good deals to scalp, but I’ve already blown my wad for 2017.
I’d like to be in before the new year….might not be another pullback after tax loss selling
Good point. It would be fine by me if they just kept charging higher. 😉
Housing starts jump………but not in NE…..down 39%
http://www.zerohedge.com/news/2017-12-19/renter-nation-dead-single-family-housing-starts-permits-highest-2007