metals, mining, and more......

[djAdvocate]

May 25, 2018 10:00:37 GMT -5 djAdvocate said:

Plateau (PLUUF) is going berzerk.  i think it is going to top out at $1CAD

i dumped 20% of my shares at US$0.75

this actually looks like it still has some life left in it, but it is a clean triple from 8 months ago, so i can't really justify not unloading some of it. 

[djAdvocate]

seven year high for Plateau Uranium, and it is approaching a record high.

unbelievable.

edit: PLU hit a record high of C$1.30

this was totally unexpected.  there are no major developments in this issue to account for it's rise to the stratosphere.  but that is how it works with these junior mines. 

[djAdvocate]

sold another 15% of PLUUF at 89 cents this morning. 

this stock is a clean double in the last month.

note to the board: energy minerals make a nice mixer with precious metals.  the sometimes perform well together, but often, one outperforms the other.

[djAdvocate]

Capstone upped the estimated assets in ground for one of it's mines, and popped 10% today.

in addition, it had a high volume low recently.

i am doubling down on my BUY recommendation with a price target of $3.  it closed at $0.935 today

i also sold another 7% of my PLU for 99 cents.  i tried to get $1.03 for another 10%, but it failed to strike.

[djAdvocate]

i quadrupled my holdings in Largo Resources this morning (LGORF).  i think it might make upwards of 25c per share over the next 12 months, and is selling this morning for $1.38

you do the math.

[flow5]

Gold will begin to rise at the 4th seasonal inflection point on 6/20/18 (because the $ will begin to drop).

[djAdvocate]

copper has also popped up to a 6 month high.

edit: Capstone (CSFFF) broke a decade long downtrend last Fall.  it is still above trendline at current prices.  again, i suspect that this company will make good money this year.  Copper prices are quite stable over $3, and Capstone is making money at that price.  furthermore, they have good mine sustainability, and expanding resource estimates.  it is atrociously undervalued at current pricing (about 93 cents).

target: $3

[djAdvocate]

gold is getting absolutely crushed this morning.  wtf?

[flow5]

Gold is getting crushed because liquidity is being drained.  This will reverse after 6/20/18 (the 4th seasonal inflection point).

You can tell by looking at the money stock #s" "total checkable deposits, NSA weekly).

[djAdvocate]

increased holdings in LGORF by 175% this morning.  it is selling for $1.38, but on it's way UP this time.

target: $3

[djAdvocate]

Plateau (PLUUF) set another record high this morning (Canadian markets are open), +6%

this might be my largest holding now.  not sure.  definitely one of the top two.  it is a good thing it is moving, because it is about the only thing keeping me in the game right now.  most of my holdings are flat.  but this one is crushing it.  i have no planned sales, but i will probably some to avoid becoming overweighted.

edit: PLUUF finished +8% today. 

[djAdvocate]

LOL!  i forgot about an open order i had to sell for PLUUF at $1.03 (US).  it executed at $1.061, which was .003 cents shy of the high for the day, after which it quickly reversed and closed at 98 cents.

of course, this will probably all be forgotten tomorrow, when it races higher, but that was a lucky sell.

i love limit orders.

[djAdvocate]

WPM is climbing to an 18 month high this morning.

there seems to be a lot of "aspirational behaviour" among mining shares.  it seems like investors are expecting more than precious metals are currently delivering.  uranium is also higher, even though the metal is down.  it is speculation, but i would like to hope they are right.

edit: i don't get why analysts are estimating earnings on WPM at 53 cents this year.  by my accounting, it will be no lower than 60 cents, and probably closer to 80.  of the (16) analysts rating this stock, (15) of them rate it BUY.

[djAdvocate]

note to the board: i know you don't care, but some of you like to know how others are doing in this market.

back in feb, i went to about 50-60% cash.  but WHILE doing that i did a big short play on the market.  my biggest ever.  and i didn't get out soon enough.  i lost about 5% in that trade. 

so, my peak was the first week of Feb (same week as the market).  thanks to that short play, i landed -9% after that.  since then, i have been steadily gaining.  at June 7th i had a 1% loss below peak (my 6th best close of the year).  since then, i got down about 4% total, but now, it is coming back.  i am now up for the year, and down about 3% from the peak.  things are looking pretty good.  being 60% cash means that my performance is likely to be very sluggish for the balance of the year.  but i am pretty confident that i am going to beat that February high, now.  i was a lot closer than i thought in early June, (i mistakenly thought my high in Feb was much higher than it was).

in any case, i have quite a few holdings that are near or at 1-2 year highs, and a couple that are sitting in record territory, so things are quite good right now, considering.  i am most disappointed that gold is not participating in a fairly choppy economy, due to a dollar that is on a real tear (lately).  but i am reasonably confident that is going to reverse.

[djAdvocate]

Jun 16, 2018 18:44:38 GMT -5 flow5 said:

Gold is getting crushed because liquidity is being drained.  This will reverse after 6/20/18 (the 4th seasonal inflection point).

You can tell by looking at the money stock #s" "total checkable deposits, NSA weekly).

can you link this, flow5?

[djAdvocate]

i just doubled up on LGORF again.  Vanadium is going nuts, and the steel tariffs are going to drive it even higher.  this company made 9 cents last quarter.  i was thinking it would be lucky to duplicate the feat, but since Vanadium is still going up, it is going to do way better in the 2nd quarter (already over).  i would not be surprised if it made 15 cents or more.  at $1.44, it is a screaming bargain.  if things keep going this way, it might end up at $10/share.

[djAdvocate]

PLUUF exploded today.  i unloaded another 20%.  now sitting at a 1 month high, and only a whisker behind the YTD high set on 2/1/18.

CEF continues to collapse.  it is now down $1 in the last month (7%).  it is kinda amazing that i am doing as well as i am, but it is certainly due to Uranium, NOT Gold and Silver.

this is a very strange market.

[djAdvocate]

edit: PLUUF is one of those 10%-ers.  you remember me mentioning them?

if you own metals juniors, about 80% of them do nothing.  they meander around up and down sometimes outperforming sometimes underperforming.  10% of them collapse into ashes.  they go to next to nothing, reverse stock split, and continue falling until your investment is worthless.

then, 10% of the time, you get a 10-bagger.  that is what this is.  you do the math.

this stock is the ONLY reason i am up this year.  O-N-L-Y

this is how the game is played.  the trick is to have enough diversity to end up with "one of these".

[djAdvocate]

UUUU is very bullish and approaching a 2 year high.

too bad it is only 1% of my portfolio. 

edit: UUUU set a 2 year high today.  it is now up more than 100% from it's low.

[djAdvocate]

Largo (LGORF) came completely unglued this morning.  went to $2.

i didn't sell, as i own so little of it.  i am in for the long haul on this one anyway.

they had a secondary offering at $1.40, which is high, but not out of range.

it opened at $1.30 (this morning) and then went nuts.  i think it will trade about 10M shares today.

there is no "new" news that i can see.  so i am a bit baffled.  but happy.

[djAdvocate]

Uranium and some of the other base metals are really hot right now.

edit: my big winner this week was BANNERMAN, which was up something like 40%

my portfolio is flirting with a record high, even though i am 50% cash.

YTD returns are low, but considering what the market did in Feb, i feel OK about that.

[djAdvocate]

i read an interesting article on Marketwatch about Uranium this morning.

after Fukushima, the U308+ market went into a tailspin.  the metal fell from 75 to $18 per lb in (3) years.  most of the older mines are marginally feasible at $50.  the only mines that work at $18 are surface mines and biproduct.  what Cameco did (CCJ) was take the worlds largest U mine in the world off line.  that dropped their output 20%, and made a significant dent in global oversupply.  what is going to happen is that now that inventories are normal, demand is going to exceed supply for a bit, as mines gear back up.  moreover, Winter is high energy season and low production season.  Uranium makes an EXCELLENT seasonal play.  this is the right time of year to stock up on Uranium juniors, and then sell them around Valentines Day.  it almost always works.  and yes, that implies that sometimes it doesn't work, but it is rare.

i would say that there are a lot of factors that say this will be a good year for U.  i suspect that it will climb back into the 30's (it is selling for about 24 now) within (6) months.  this will put a lot of the larger miners in good shape, but more importantly, it will increase the value of the juniors by approximately 2x the gain in the market.  i am therefore anticipating that most of these juniors will gain 50-100% in the next six months.

can you bank on it?  of course not.  so, buy a bunch of them. 

[djAdvocate]

i rarely do this, but i am putting an advisory out on a stock i am TRYING TO BUY.

it is Maverix Metals.  i am not going to bother explaining WHY i like this stock, i just do.  there is ONE small problem with it, however.  on the US Pink Sheets it is a thin trade.  i put in a standing order to buy at $1.53 this morning.  i raised it to $1.54, and it never traded, even though the stock THEORETICALLY closed below that point.  there was simply not a seller.  some idiot has shares for sale at $1.61, but i am not interested in that price.  so, we will see what tomorrow brings.

i am planning on buying in 3-4 trenches, this being the first.  this is a long term play for me.  i plan on holding 1-2 years.

[Value Buy]

What is going on with gold? No one thinks inflation may be on the horizon?

www.bloomberg.com/news/articles/2018-07-31/gold-s-worst-run-in-half-decade-shows-bears-in-command-for-now

[djAdvocate]

i have no idea, VB, but i find it deeply frustrating.

i got (2) of my trenches in for Maverix today.  it is now my 11th largest holding.

[djAdvocate]

oh, and it looks like PLUUF is on another tear.  this time, i think it is going to end at around C$2.

ridiculous.  my cost per share on this stock is less than 27 cents.

[djAdvocate]

i hit a 6 month high on Friday due to my soaring Uranium stocks.  i hope some of you got onboard.  this is just the beginning.  again: i expect this sector to pop 50-100% in the next (6) months.

[djAdvocate]

Bannerman (BNNLF) is up 10% this morning in Australia.  i have shares for sale at about +15%, so we will have to see if the pink sheets behave above or at market tomorrow.  i would love to some of it, as it is becoming a very large holding for me, and that makes me nervous.  it was my 3rd largest single holding on Friday, but it is almost certain to OPEN at 2nd largest. 

i only have 10% of my shares on the block, but i really hope it sells.  it will also DCA me out of my expensive shares that i bought at the wrong time, so long ago i can't remember when.  long time ago.  but the last purchase i made was at 2.2 cents.

[djAdvocate]

i forgot the Canadian markets are closed today.

BNNLF is my #1 holding (the sell order did NOT execute).

we will have to see what happens tomorrow.  it might reverse,

it might continue going higher.

the unfortunate thing about trading Australian securies on the

US exchanges is that you don't get to take advantage of interim

trades, so i have to hope it goes up all day.  i need another 5%

premium over close to make it to my sell.

edit: oh yeah, forgot to mention: another 6 month high today.

i also increased my holdings in DNN by 50%.

[djAdvocate]

did anyone pick up Largo Resources (LGORF)?

since my buy recommendation on June 20th, it is +55%

but don't let that deter you.  it is only selling at 11x earnings.

i originally had a target of $3, but given it's recent performance,

i am raising the target to $6.  it is possible that this company will earn

50 cents a share this year, so $10 is not out of the question by next Feb.

i would be quite happy at $6, tho. 

NOTE: this is a very small holding for me, constituting 0.5% of my portfolio.

half my shares are still selling at a loss, but i have a nice gain on the rest.

it is going to take a long time before i really want to sell this thing. 

on a more dour note, my primary metals are getting KILLED.  so, i am

down about 5% in the last few weeks, despite the flat to slightly higher

performance of Uranium (i think this is still going to pop), and the robust

performance of base metals.