Run Hecla run...
I figured making one big bet yesterday on HL, versus many
smaller bets seemed prudent... as HL has already given higher
production and lower cost guidance, and we're seeing some of
the majors like ABX, KGC, and now AEM having to lower production
and operational guidance.
But that can also give us some opportunity, as KGC has
bounced back today after it's mis-step, and AEM is down
-7% on a day the sector is snapping back.
If KGC snapped back, why wouldn't AEM, given even better
growth prospects?
It will....
So scale into AEM, and nearterm calls may not be a bad spec
play here.
AEM is still the #1 growth story amongst the majors.
Nothing in the long term has changed, just a short term hiccup.
Buy the short term hiccups, when the long term story remains unchanged.
Buy AEM.
Mo later,
SOTB
PS: Closed out all puts on shares, but, keeping GLD LEAP Puts open.
PSS: Botox re: FAZ?
The financials are so opaque and there's so much government
intervention going on, I'm leaving them alone here. |
