Mar 8, 2016
John Kaiser's top picks: Mar. 8, 2016
John Kaiser - Top Picks
FOCUS: Pre-Production Juniors & Bottom Fishing
Market Outlook:
Is this rally going to fail like it did two years ago?
The rebound in gold is helping but not sustainable
Interest in the exploration oriented companies starting to get market interest.
Key point: there are 3 types of exploration discovers
grass roots 2) traditional exploration 3) existing systems & assessing for the maximum high grade minerals
Structural problems in the industry, at the financial levels - hurting the juniors.
This year the “PDAC curse” (what’s happened every year is we get a first quarter rally in the resource companies, then shortly after PDAC, the year miserable) might be violated this year. The last year it didn’t happen was 2009
If gold fails in the next month or so, it’s linked to negative interest rates and geopolitical instability given the U.S. presidential race and what that can do to gold.
TOP PICKS:
Scandium International Mining (SCY.TO)
Last purchase March 14 at $0.04
Arizona Mining (AZ.TO)
Peregrine Diamonds (PGD.TO)
Last purchase January 2015 at $0.21
Disclosure: | Personal | Family | Portfolio/Fund |
---|---|---|---|
SCY | Y | N | N |
AZ | N | N | N |
PGD | Y | N | N |