Buy Fur Coats During A Summer Heat Wave…buy junior miners during the summer doldrums when most people are snoozing.
My Father grew up in the garment business as my grandfather had a successful tailor and dry cleaning store in the South Bronx right off the Bruckner Blvd. One of the first lessons he taught me was buy the highest quality winter gear during a heat wave in the summer. Most people don’t even look out a few weeks let alone a few months. Use other people’s shortsightedness as an advantage to get bargain basement opportunity.
Although its the summer doldrums and its hard to stay focused on the markets, we must not ignore the few areas in the mining sector that are really drawing the attention of the markets. Eventually our sector will come back and could possibly lead. Look at oil and copper a couple of years ago it was in the basement and now it has led over the past year. It almost moved up so high recently that I got nervous for a short term pullback. Same with gold miners they will eventually come back into favor as the explorers are having a hard time finding new economic gold deposits. There will be more investments into the juniors notice the recent strategic move of Goldcorp to take a position in Allegiant Gold which I featured only a few weeks ago right here…
Let’s look at three current positions that I have recently featured. Since early May some of our featured companies are up exponential. This has come at a time when frankly the junior mining sector has sucked. In some ways its almost as bad as the end of 2015.
Nevertheless, don’t give up hope. Attention should be paid as there is a major conference in Vancouver all next week run by the big boys Sprott, Rick Rule and Doug Casey. I expect a lot of news going into that conference and possibly buying in the market as you have the top mining promoters and investors who can afford the $900 entrance fee. Unfortunately, I will not be able to attend but I will have subscribers there that could report back.
First off there are two areas that many of my active subscribers are currently interested in and that I expect to see a push at the conference. One of them is the golden triangle in BC. Its getting a lot of interest. Last summer a few stocks went from pennies to dollars as they hit with drilling. I think we could see another summer of great results thanks to the global warming in that area that has led glaciers to recede and new gold targets to be found. I recently highlighted and bought shares in the open market of $GOT.V Goliath Resources run by Roger Rosmus.
They are drilling two new discoveries during this season. Management is very confident that this year’s drilling success will have a …read more
Source:: Gold Stock Trades.com