Analyst of all things Canadian junior resource related and a podcast junkie, oversee a private foundation endowment exceeding $50 million, General Manager for a cartoonist licensing and syndication group within a US publicly traded media company. Finance director for the the National Spelling Bee. Website: http://www.statesidereport.com
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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@EvenPrimeIm confused with their website @stateside This may seem foolish but I cant seem to find the right links? http://cdn.ceo.ca/1cfnqjc-a.png+ If I look at this screenshot. I want to find the informaiton about the major blind copper discovery. But the only link I see is to John Kaisers website, and the other is a podcast about snowbirds?
@statesideThose still wanting juiced up opportunities in gold and are lamenting the move in the GDXJ to larger size companies still have an option - Jr Canadian Explorers. But I understand why that will never happen. That takes research, time and commitment - something the specs who trade GDXJ for a living just don't want to deal with. They want the potential big returns without the work.
@Excelsior@stateside - Agreed. The answer is for investors to build their own basket of quality Jrs and spend time studying the sector and what they are investing in. Good thoughts sir.
That was also the theme of that article from David Erfle linked up above. Here was a passage that stuck out in that editorial.
"Based on the current holdings as well as these up-coming changes, it is my contention that the “Junior Gold Miners Index Fund” GDXJ is no longer a reliable barometer for the junior miner sector.
"In a recent Bloomberg article about the rising popularity of the GDXJ, Alan Gayle, a senior strategist who helps oversee $42 billion in assets at RidgeWorth Investments in Atlanta stated:
“This is a broad perception that ETFs are the easy way to invest in a theme without devoting the time and effort to analyze the individual component firms. As ETFs penetrate smaller and more specialized themes, they run the risk of actually distorting the market they are trying to mimic.”
"I strongly believe this phenomenon is in the process of happening to the precious metal junior miner sector."
"Meanwhile, the quality junior miners which are NOT included in the GDXJ continue to flourish and bifurcate from the sector. It has been my contention in past missives that investors should be concentrating on these junior developers/explorers and cashed up early stage exploration companies in order to maximize returns going forward in the new precious metal miner bull market."
@statesideNew Stateside Report Podcast - April 23, 2017 - http://www.statesidereport.com In this week's episode of the Stateside Report Podcast we take a look back at the week in gold, silver, the base metals and the stocks, We talk about the upcoming GDXJ re-balancing and finally we talk about the key press releases from the week in the Canadian junior exploration sector including Barkerville Gold Mines $BGM Camino Minerals $COR Canadian Orebodies $CORE Volcanic Gold Mines $VG Spearmint Resources $SRJ Adamera Minerals $ADZ Alto Ventures $ATV Arizona Silver Exploration $AZS Evrim Resources $EVM Alset Energy $ION GT Cold Corp $GTT Kootenay Zink $ZNK Pasinex Resources $PSE Metalore Resources $MET . We talk gold, silver, lead, zinc, copper, uranium, natural gas, oil and CEO.CA.
@Goldfinger@stateside Nice podcast, I liked the bit when you mentioned some people probably knew about the issues with JNUG/GDXJ at the end of February. I would caution that there is a misunderstanding of technical analysis when you say "all you need to look at is what the price is doing and that will tell you what will happen in the future and that's where the fallacy is". The current price DOES NOT tell us what will happen in the future. Not sure which technicians say that, and I know there all sorts of guys who try to constantly be overly predictive. Technical analysis is so much more robust than how you make it sound.
@statesideUSD down big vs most currencies except the Yen. The tied to the hip yen-gold algo program that his been programmed since Jan 2016 says gold should be down around $10-$12. As it is. Nothing abnormal.
@stateside@Lockedstock - I liked $AZS because no one was talking about them and anonymous was dumping a few million shares in an otherwise tightly held stock so I had the chance to buy when no one wanted it. I've seen a ton of posts on $BTT so I'm not early to that story. That being said, I haven't looked at it close enough to have an opinion.
anonymousSo TA no good then @stateside? Who to turn to? Can't rely on Comanus cause he was just some cartoon character as it turns out. Who do I turn to then, cause I got the trading itch, and got it real bad!
@Amicus@stateside Yes and no. The do do the research. They buy good ideas first, then pump. So at least they pump and dumped companies that are good ideas (Most of the time) rather than pumping garbage. It's that sweet spot the keeps their reps safe. I'd imagine they buy back after the dump.. but I don't know for sure.
@statesideOn days like this the scared come out of hiding. Today will pass and tomorrow will be another day.
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@stateside@Goldfinger - those are keys stats - thanks for posting. Brent Cook usually posts something similar in his talks about majors running out of reserves but this shows how production and a declining gold price (making some deposits uneconomical) will force the majors to buy high quality assets.
@statesideInteresting market cap comparison looking at $EGM copper discovery in Quebec vs $COR copper discovery in Peru. Even though I own $EGM it appears $EGM is over-priced relative to $COR with $EGM market cap of $121 million vs $COR market cap of $52 million. Granted $EGM also has a gold discovery on the project but the $COR hole was better than any hole drilled by $EGM on the copper discovery.
@Kassattack@stateside if you have any good picks for the derby it would be appreciated. My buddy owes me a couple hundred and is heading to Kentucky for the race. Would be nice to get him to throw that on a winner.
@statesideWell it could have been a lot worse today on the junior front with the gold drop. Some held their ground, a few saw panic selling as always happens on days like these. The best thing to do today was...............nothing.
@LTR$hwy flow through shares @ 55 cents and a full warrant. After tax break around 28 cents per share. Maybe BMO sale was to finance a purchase of the PP. Nice tax break for Canadian investors! @stateside