my account is about to make new highs for the move. i look for novo to bust out of its base.
some weeks back i read where sprott was sniffing around balmf. i bought it below .11 it is now .33 it is in Ontario so i like its location and it seems to have some good drill holes and sprott has either or is going to take a position w/some funding. note on sprott = he has busted out of his corporate restraints as he resigned as ceo of sprott resources so he can do investments on his own . the billionaire is astute in the sector. so take heed
smithy its cycle work. the march/april time frame looks to be the time for the next multi month top in the pm complex. i am quite bullish
if you look at a chart of gdx, which imo is not the best mining index goau is . when we bust 26 we could run right to 50. that could happen over the next few months. my targets and projections for gold i am putting on a back burner. this new base preparing for the 1560 breakout has attracted investors. the mining indexes are at 70 year lows. so if one is on the prowl as to which sector is undervalued , then the buck stops here.during this time miners have cut fat from the bone , become more economical to run. it is a small cap sector when money comes in the door isnt wide enough. hope that helps smithy. also russ does his own work. , as you know from being here. when he makes projections it is unique to his work, so you can bet there is something there of substance. this board has a unique collection of players. all w/a specialty, all have survived for a duration that says alot to me. this is not an easy game. i tend to speculate on the juniors. its where big leverage can be used and yet there is no leverage per SE being used. you have to be willing to have some losers which wipe out. and some 10 baggers and more. not for the faint of heart
we really havent started rolling yet. when it becomes apparent that inflation is introduced into the game then institutional money will come into the sector in a big way.then the miners go from hated to loved. the metrics for valuation change. there are many miners even now that are at ridiculous valuations. i like bob moriarity of 321gold.com he has skin in the game , i read what he writes and his interviews to help w/my research sometimes he introduces me to new stuff and sometimes he confirms what i am thinking
gannman is astute the things he has said about this wave are not out of the blue . they are textbook elliott. about wave 3s
fasten your seat belt the ride is about to begin.
Edited by dharma, 21 December 2019 - 03:57 PM.