Year End ObservationsInteresting way to close out calendar 2014 -- nice moves to the upside today for some of my junior miners, even with the physical metals in decline.
Given the extreme pressure during the tax loss selling season, it would not be surprising to see something of a snap back in early 2015 (and if gold can finally mount a sustained close above $1200, we could put together a very nice rally).
With the mining stocks now down several years in a row, the bear market is quite long in the tooth. Even those who are not looking for a resumption of the secular bull market in this sector, could allow for a cyclical bull.
As Jordan Roy-Byrne has well illustrated (https://thedailygold.com/) through his analog charts, the bear market is beginning to overstay its welcome -- both in terms of the severity of the decline and the length of the bear market.
With regard to Wellgreen... the timing might finally be in its favor, as it has a chance to have the wind to its back as it reaches a key milestone and begins to work through the PFS.
What the resident bear on Seeking Alpha does not understand, is that the delay in the release of the PEA will be long forgotten if the metrics prove out (and we have every reason to believe they will).
Wellgreen remained one of a select group of juniors able to raise dollars, during one of the most horrendous periods in the history of this sector.
Everything has been beaten down. The limited number of dollars that found their way into the exploration space had plenty of options. So it very telling where they landed. Follow the money.
We are due. I think 2015 is our year. But more importantly, I wish your and yours a very happy, healthy and safe New Year.