Time to reflect Tax loss season is coming up quick . For me it`s time to make some difficult choices about what to do here . Way back when I started out this was a very good risk / reward investment but for me it has turned out to be a disaster . I now have to decide to sell and book a tax loss , then buy back in after 30 days . When I have done this before almost immediately the stock will go on a run . If I jump back in I lose my tax loss and the stock will almost immediately start going back down. It seems in my case this never fails . It always seems to end the same and after decades of this I have pretty well had it with mining stocks .
This is what I see and feel free to call me a racist .
I see groups in this country , the white portion of which live in Toronto and Vancouver . Liberal strong holds . The elite , CBC 1st Nations , a tiny but powerfull % of that group , have used Canadian politicians to dismantle industry in this country , especially mining . Because these elites don`t live on the reserves but spend all their time in Ottawa , Toronto and Vancouver , while tax payers pick up the tab and pay for the messes they have left behind at home , they never want this system to end but want to have endless meetings they don`t show up for . In Ontario where I live they have skuttled minig for the last two decades . Look at the Ring of Fire after twenty years and billions spent , nothing but bankrupt companies and the 1st Nations wanting more meeting .
BC is only slightly better but there as well the 1% elite CBC 1st Nations make sure none of their people are going to get jobs so they can hold on to power and have more meetings they don`t show up for . The politicians are every bit as bad and I don`t see how any of that is going to change . Once you have destroyed industries it`s nearly impossible to get them back . Nobody will invest in Canada anymore . Thank you Prime Minister do nothing .
I call the group CBC 1st Nations because the tax payer funded , money losing CBC that is the media arm of the Liberal party and is protected , has created this total myth about 1st Nations . Their 1st Nations are all " artists " living in Ottawa and Paris . They do nothing for the poor 1st Nations stuck in poverty and dispair back on the reserves .