Erik Wetterling – Trading The End-Of-Year Volatility In The Junior Mining Resource Stocks
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review how he is trading the gold, silver, and base metals junior exploration stocks in light of the end-of-year volatility. We discuss that in addition to the conclusion of tax loss selling, and the rebalancing of the GDXJ, which sent some stocks up or down in dramatic fashion lately, that this time of year with lower volumes can be quite turbulent in the daily pricing moves in many stocks. These big moves in either direction can vastly change the potential risk-reward setups in many stocks depending on where investors get positioned or average their cost basis from.
We also highlight 2 stocks, Snowline Gold (SGD) and Eskay Mining (ESK), that have seen some noticeable volatility lately, both in anticipation of key news, and then after key news was released to the market. Erik points out some of the thoughts he has around their valuations before and after the news, with regards to changing investors sentiment and expectations, and within the larger context of where they could be heading over the next 1-2 years.*
*In full disclosure, the companies mentioned by Erik, in this interview include personal positions in his portfolio, and they also may be site sponsors on The Hedgeless Horseman website.