Nemaska Lithium Inc NMKEF

Let's Hope These Optimists Are Right About TSXV Year-end

[Metalhead99]

The INK Canadian Insider Index looks to be in the throes of a final capitulation-type move that has been more in lockstep with the US markets than commodities (such as copper +0.11% or silver -0.4% over the last week) or large cap gold mining stocks which have been outperformers.  So long as copper, the metal I see as key to all markets, continues to hold the uptrend it began in 2016, I see this INK CIN correction as temporary. 

In fact, within the next 7-10 days, markets will reach one of the best risk-reward scenarios investors will see all year.  For instance, over the past 15 years the S&P/TSX Venture Index has rallied every year from about the 22nd of December (give or take a day or two).  Interestingly, on Friday it fell a mere 0.28% versus the S&P 500 which was down 1.85%.  That made it the second Friday in a row Venture stocks outperformed the US markets.  In fact, over the past two Friday sessions combined, the S&P 500 lost 5.44% while the S&P/TSX Venture Index showed a net gain of 0.82%.