Loading ...Micro Miner / Explorers
Mostly still no interest !
Low volume
Even after this great move in the majors and mid tiers
Some are moving occasionally but $10,000 can move these up or down by 10% in some cases
I am monitoring volume .
If / when interest picks up in these speculative things they can take off a la 2016
Spock has 100 on his watch list but is not deploying new money yet.
In a healthy bull these things are the last to go up but when they Go the GO !
Hot money gets crazy ….but remember to sell because they flame out as fast as they ignite
Think fireworks
Patience Fully, we’re still in the “Hangover” phase. 🙂
Hell, I’m still holding my breath! LOL
I’d expect Punger’s to do the best so far and they have!
But if we see the same kind of performance from Spock’s as we did in ’17, we’ll be good to go!
Some explorers are busy like BBB, CKG, LGD, ITR, ABRA,… after good results, merger news or big money raised. Investors need action, therefore aggressive companies get rewarded.
Spocks 2016 timing was atrocious in a lot of explorers because he waited for trend line breaks on low volume stocks that never held, then he advised holders go golfing while many positions went down 95%. I wonder about his entries and exits. In any event, anyone on twitter should be following @JrMiningNetwork – the news flow on explorers is excellent.
Dave, I got in with Spock early on and was up a couple hundred percent, I think it was about 7 months?
Maybe all ships float when things are good, but he nailed many good picks.
He said many times for any of us to do what was best when things went south.
All I know is many of his/ ours did very well today. I was up about 2% overall.
Can’t complain too much when Fully is whining about the miners! LOL!
Owning micros.. they are like lottery tickets people will say or a long call options that don’t expire (unless they go to zero). Being a Sprott client may be helpful in buying these, but everyone I’ve ever bought with sprott has been a loser. It’s a hard game.
Mining companies go thru great effort to find gold, build a mining operation, extract gold from the earth, and then refine the concentrate to high purity.
Then they turn around and trade precious gold for a token amount of fake money that keeps losing value while sitting in he hands of some banking institution that is leveraging the deposited money 10/1.
Something to consider…
Why don’t mining companies retain a significant portion of the gold they produce, rather than trade all of it for fake money? I suppose this might have something to do with the notion of maximizing shareholder value (in fake money) to keep all the stakeholders happy. It all seems a bit insane.
On the other hand, one might consider that resource companies are actually retaining gold in the ground for a day when gold becomes more valuable. In the meantime, expenses to manage the company covered by investors and also limited production of gold.
Which approach is more intelligent?
A bit like investing in Timber Companies.
Most excellent analysis and rant Homer
1. Some micros have been moving up for about a year–a penny or half penny every month or in some cases a jump here or there. I tended to think they were heralding a larger move. Though I wasn’t sure I moved into them so I began experiencing a slight personal bull market in these tiny things. I think it can pay to spend time looking at individual stocks’ charts rather than focusing on indexes. Unfortunately it is a quiet project since you may perhaps rightfully get accused of “talking your book” if you post charts of entities that sometimes don’t trade at all on a given day.
2. I disagree with the comment above about Spock’s timing being poor in 2016. He may be open to criticism of diverse sorts, including timing selling the portfolio near the temporary top (or maybe moving from nano-caps into royalties etc). However his timing at buying the low around the end of 2015 or beginning of 2016 aggressively was as great as a call can be. He hit it just about perfectly. Just amazing.
3. I think the usual sequence in a run up is royalty co’s 1st, seniors next, small producers next, then larger explorers/developers, then the tiny ones. In 2016 the explorecos and developers moved early. This time the seniors may be moving a bit earlier and faster than usual. There is a somewhat interesting fairly recent interview by DC on Kitco of Sean Roosen (disclaimer–I own various Roosen-related stocks) on the topic.
4. Fully’s comment about selling is SO important. For many people–not just me–and not just in the PM markets–I think it’s much easier to time buying well than time selling well. One trick I use since I tend to have a pro-PM bias is that if I’m thinking of selling some shares of a PM-related stock, I should not only sell them but sell a lot more than I was thinking of selling. I usually end up wishing I’d sold even more.
Just my opinions.
While it’s true that Spock isn’t deploying new money in the tiny ones, recently he has recommended to subscribers that they purchase 2 or 3 on the old Spock matrix that he already owns if they don’t already own them.
I can’t name names, and I only reviewed 1 of those recently (I typically review dozens of charts weekly, multiple timeframes). However I was about to sell this particular S-rock in disgust a few weeks ago — ugly chart but interesting fundamentals — but decided chart was starting to turn up. Just this week he pronounced the chart has started to turn up. In any case, he has recently recommended buying 2-3 tiny stocks from the old Spock matrix to new subscribers.
I am near the end of the subscription. Tough call on renewing. When you know how someone functions you start to get a sense of when to go with that person’s recommendations and when the recommendations are a useful contrary indicator.
Excellent comments Karl
Thank you. As usual, you are being very gracious and generous.
Karl, has my memory been off? We went in the beginning of ’16 with Spock? I thought it the end of ’16?
Either way, he nailed it.
Now we have what I refer to as a team that we can get help with charting and when to sell! That’s always been my problem.
I’m not a chartist but am a big believer!
Going back and looking at the “chart”, 🙂 I think it was the end of ’16.
You most likely went in with Spock beginning of 2016 because I found out about Spock in September’s 2016 and i bought everything at the highs and have been just averaging down for the last 3 years. Brutal.
Despite all this. I still have faith that this new bull market will be served with the biggest gains following Spock’s recommendations.
Mixing in plungers core 7 is highly advised. I’m more equipped in knowledge this time around with more money so I’m positive about all this.
Thanks dyu, I culled out some from re-subscribing to Spock just recently and added Plungers from the start of his recommendations.
Doing pretty well all around. Spock had several in the high teen % yesterday.