You played dmm well last fall and winter, you and i were in and out at roughly the same times, working off the charts and sentiments almost entirely, there wasn't much else to go on then ... chart and sentiment are still there but now fundamental value and politics rule imho - with the right exploitation agreement dmm will be encouraged to go ahead on the Dynasty field and Jerusalem etc, they've got cash in hand to do that, plus Zaruma about to spin off bags of loot ... it's an intelligence test for the Correa admin - do they want a modern mining industry, or don't they ... imho they do, and when they demonstrate they do, dmm doubles in short order, on the way to higher
Oil - been pondering oil for days ... in february i was working on the seasonality where oil tends to rise from feb to may, well now it's may ... and PMs are the place to be right now ... we've got nominal positions at least in all the oilsands juniors, except cll.to which i'm going to pick up a few of this week, but i just found some aos/stp in an account i rarely log into, gonna cut that back to a few house-money shares and roll into golds/silvers ... a few evg.v likely, got none in that account ... above doesn't apply to iae.v, which looks hot, more of a discovery situation
My $usd short has sure been working out ... no buy power necessary - just buy on the US side while leaving credit in loonies, it's beautiful that canuck brokers let you do that ... most Amex-listed stuff i picked up three months ago was at loonie/usd of 1.28ish, .78, now i see TD using 1.1215 today, gives a decent net balance on the F-side, over and above trading gains, without ever putting a penny in
... off to a party, there'll be a guy from Monterrey there who used to fly jets for both Chile and Peru airlines i think, maybe i'll ask him about Ecuador, lol ... probably get the Miami Herald response, they're all john birchers in Monterrey, unless they're hired help of john birchers |
