Jordan reviews his focus on the juniors during the progression of a precious metals bull market, (for those convinced the turn in 2016 was the final transition to a bull market).
From the fundamentals, so often repeated by Brent Cook, of falling discovery rates and majors looking to replace depleted high grade reserves, to the investment cycles, leverage and added value of discovery and development.
I would add to this the interesting developments in the GDXJ Gold juniors ETF.
Investors are keen to get exposure to the juniors but the ETF is unable to deploy all the funds without reorganisation and is looking to move more investment in larger companies.
Will some of those investors wanting exposure to the juniors invest more directly into key junior companies? In a bull market as valuations and liquidity increase this should become more feasible.
Saturday, 22 April 2017
Thursday, 20 April 2017
Cryptocurrencies
I hadn't realised there are now 800-900 Cryptocurrencies.
The entire marketcap for the sector has more than tripled in a year, standing at a total $30bn, adding $10bn in just the last couple of months.
$20bn of the total market cap is Bitcoin, with only 4 others over $500m.
"Altcoins", I presume non Bitcoin, have quadrupled to $10bn in just the last 2 months.
Current promotions by the usual letters.
A number of doubles, triples and 10 baggers in the last 7 days trading!
Fortunes made and lost in the speculative tides.
Caveat Emptor
Hotel California
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