Solstice is tomorrow 23h03 GMT, so that'll be 15h03 pacific, three oh three pm ... or 6:03 SI time
Sun stops getting lower, starts ever so slowly lifting, seconds per day at first then minutes, goes from barely eight hours sunrise-to-sunset at the 49th parallel 21dec to over sixteen 21jun ... major change for northern hemispherians, from a constricting confining time of contraction to a sense of opening, more light less dark, and on the wet coast a looking forward to more dry less wet, it's like death and resurrection, easy to see why so many cultures have solstice celebrations of some sort, and how we ended up with the current form of calendar year
Which results in the end/beginning of tax periods, which beget Tax Loss Time, a few weeks [sometimes quite a few weeks] providing overall on average the absolutely best entry point of the year for beaten-up junior ventures, anything that's had a run since last december, also anything that hasn't, usually ... this savage swipe of the bear at the metals that has gone on for what must now be eons, has extended the phenomenon into the mid-tiers and beyond - Barrick at 12, Teck at 15, Goldcorp under 20 briefly, geez eh ...
So the big questions of the season are, 1. which juniors will survive, let alone thrive, and 2. when do the metals bottom ... answer to the latter is arguably that they already have, best to just pencil that in however, pending further evidence, still it's the way i'm betting for the foreseeable future
ag.nyse a/k/a fr.to - i got First Majestic on the US side one day at 4.03, more as fr.to before and after, but still far cheaper than could have been imagined in previous years ... always liked this outfit, it just seemed always to have a lot of its future priced in already, well not now imho, plan to probably keep some longish term, we'll see, ... ag.ny had big volume after hours friday, hmm what's that about, oh yeah gdxj re-balancing
edv.to - Endeavour too, hoo-hah, 24m cross after hours, 57m shs total volume ... we added edv low .40s over a month ago, as much as planned then, but at .40 and just under on wednesday it was too tempting, got more, again friday a little ... probably still have over a third of shs bought slightly higher last year at this time, but hey net-net a winner and that's alright ... ebola? - never heard of it ... as for metals bears, they pass ... sure, sometimes they pass large smelly turds in the path, but that eventually helps the flowers grow
Question of the evening - what to pick in TSL's 2015 contest [before somebody else does] ... took svb.to last year, feared of jinxing it and may have done so, still is a core silver holding ... and let there be no doubt - silver remains the natural Centre of the Investment Universe
glk.v - hmm maybe old Shield in its new incarnation, why not a black product in such a black time ... but, really really would not want to bring poor luck to this one, holding a whack of it, added recently as low as .04, amazing
pkt.v - might take Parkit, let any possible jinx rub off on a kitchen pick, which should be able to handle it easily after the year that non-resource had ... at least two family accts have pkt as largest single holding, will be following it for a while, think their business model is solid and scaleable, don't know how far they'll be able to execute, may or may not be seen as credible by Big Money which they need onside to make the fund work, meantime however value is well underpinned by two current profitable operations, so no major downside worries ... yeah that's it, 'Merde!' as the french say, or 'Break a leg' to a dancer |
