Last few days have seen some wild vulcanic eruptions in the micro miner space.

Well..my take is…the hypsters and their willing followers are back and dying to get into a bidding war and drive up anything with a good story. And new suckers will be borne every day.

Its the Pied Piper Syndrome !

They will be getting these “stories” every day in their inbox and seeing these things soar every day. They will be losing in bitcoin and weed and move to micro gold miners. it will become an addiction !

This is a Precursor for a Rip roaring Gold Fever driven Bull…especially in the micro miner space.

I had my first hand experience with this sort of thing back in the Bre X days

My broker got me into some Miners…searching in what he called “Eliphant Country”

I had no clue about the Gold Sector…but I learned quick.

They went nuckin futz as many here know .

it was circa 1994 to 1996

Incredible 10 and 100 baggers and more ( not just a few…Hundreds of them )

All along there was the Bre X story in the forefront.

It went from pennies to over $250….and of course back to zero eventually after the head geologist fell or jumped out of a helicopter ….taking the whole sector down with him.

I have been waiting for another Gold fever to strike since that time .

Most of the stocks and companies back in that day have long disappeared…Swallowed up by larger fish or just became delisted.

But Human Nature repeats and we may be ripe for another run which could make 2016 look like a little tease.

Of note is that during that 1994 to 1996 frenzy in this micro miner sector…gold was basically flat !

What could happen if this sort of behaviour occurs during a strong Gold Move ?

Use your imagination.

Notice BSX spiked up 100% on the open and now only up 35%.

Buckle up !

If you wanna play !

Buy the Hype and hang on…but NOT too long…sell some on the spikes

IF this thing has legs it could be a couple of years frenzy though.

You will have sellers remorse at times.

it’s the wild wild west !

Remember literally NONE of these companies will ever develop a mine.

You dont buy them for their fundamentals or for their balance sheet or their

management….you buy them for their stories and their hype.

The classic line I attributed to Mark Twain) is TRUE in most ( not all) cases.

“A Gold Mine is A Hole in the Ground with a Liar on Top” 🙂

Please don’t get all self righteous about what you are doing here

Read all you like about these companies and do all the due dilly you like but in the end the know nothing kid who just buys the hype will do as well or better than YOU… for a little while….but the know nothing kid will ride them all the way back down…any YOU will sell him your shares near the top…because now you know 🙂

Its a ponzy scheme and you want to be early in and long gone when the gig is up.