Loading ...Opportunities or not?
Several mid cap producers, part of GDXJ are very weak, but this is mainly due to company specific problems and/or short sellers
Could be interesting to buy a basket of these companies for the next upturn
Asanko: back at Jan 2016 levels or lower!
Just today Muddy Waters released new short sell study:
http://www.muddywatersresearch.com/research/akg/mw-is-short-asanko/
Semafo: same as AKG: back to 2016 levels
TGZ: very cheap too
Totally agree Alex. I still have small holdings in these 3 and will look to add at the right time.
New short sell study from today
http://www.muddywatersresearch.com/research/akg/mw-is-short-asanko/
Well that was nice of them. Good job I only have a small holding 🙂
Gold continues trek up and miners are decimated…Opportunities? Only when I see some positive momentum…I have been short NG, WTIC, and the RUT…Everything is a trade…
NOT. total NUTZ.
Buyers of miners will have there head on plate presented to them. GL.
Personally I’m buying KLDX… heavily. I have absolute faith in the management team. Paul Andre Huet has a ton of skin in the game. Skin in the game = McEwen at MUX, Sprott at Kirkland, and Huet (who is dirt poor compared to McEwen and Sprott) at KLDX.
I’m primarily an ETF trader. And the 3x and -3x ETFs in particular. And that goes for the world outside PMs as well.
So I will tend to disregard the advice certain posters here will vehemently offer to shun these ETFs and try your luck picking individual winners over losers (or sign up for help doing so). Weeks like these reconfirm my sentiments on that.
Absent an effective mind meld to help me assess what other traders in this universe are thinking, I’ll stick to my time tested strategy, thank you. I simply prefer taking larger stakes I can manage — at opportune times only — that exhibit more stable behavior.
That said, Cash, I think if I were to depart from that approach, what you are doing seems to be the next best angle. Skin in the Game. Taleb’s next book as it happens.
And yes, MUX and KLDX are now getting into my long term OS zone. KLDX for the first time since late ’14. MUX since mid ’15. (I’ve alluded to this condition in some of my commentary, that the miners LIKELY need to get into long term OS status before the next large leg up begins. Dec 16 did not accomplish that for GDX, etc. … and sorry, I won’t be defining that term. Some things aren’t for sharing. 🙂 … but I’ll note it here when we get there next.)
KDX, I agree, very nice deposits, but short mine Life. I prefer to wait until chart looks better. Mux, looks going lower too.
I’m betting they will extend the lives of their mines especially fire Creek. It’s open in all directions and it’s the highest grade gold mine in the world. It could be a real company maker ala Red Lake 2. If one wants derisked cheap production with good life, Kirkland is the way to go but it isn’t oversold like Klondex.
I also agree, opportunities are beginning to be found. I like AKS and MUX. AXU and GPL deserve an honorable mention too. Will I hold anything without a momentum? Heck no.
I agree with Eagle, but I always agree with Eagle.
Cash, you know how to play the mining game, that’s for sure. Do you follow or have an opinion on EMX, Eurasian Minerals?
It’s not a name I have done any work on… No. But I will give it a look.
Cool. Sprott Global is big on it. I don’t know if still true but Rick Rule owned/owns a big chunk too.
Oops, AKG, not AKS the steel play.