RE:RE:black friday bargain buysNothing wrong here to justify today’s price action in my opinion. Can’t say the same for the broader markets. Peak confidence is in the past and it’s opposite lies ahead. Unfortunately fear is now rife, and winners can be side swiped in a panic to raise cash. Many are going to hold what has thus worked for the last eight or nine years thinking that surely they are only in the fifth or sixth inning and this is only a dip. But the current political climate is way out of whack with far too many unknowns and unintended consequences for my mind.
Company specific I’ll say this. Regarding the Kiena Deep I was somewhat inspired by a philosophical notion called “The Mediocrity Principal”. It goes like this.
The mediocrity principle is the philosophical notion that "if an item is drawn at random from one of several sets or categories, it's likelier to come from the most numerous category than from any one of the less numerous categories". Wikipedia
So in August of 2016 I could not help but believe that the discovery holes, even though they were exceptional in a market sense, I could not shake the sense they were mediocre locally and that there would be many more results to match.
So far that sense has paid off. Of course I am steadfastly expecting this trend to continue a ways to go!
Bottom line: I remain of the conviction to maintain exposure to gold and or quality gold equities.