Jan 7, 2021
One of the things I can recall bumpier than this weeks start, was the ride on the cargo rack of a Suzuki King Quad about 8 miles into the Steese Nat’l Recreation area at Beaver Creek, about 80 miles NW of Fairbanks, AK.
I anticipate the rest of the week will resemble the ride back out after a day glassing meadow for griz.
Well whether this was going to be the week which resolved everything or not, despite dizzying valuations, the markets decided to go on another little insane rally, as illustrated by the NYSE Net Advances – Declines Line rendered thus:
Looks pretty flashy to me. Then to confuse the picture here is K2 PM chart:
Confused yet, with the NYSE and the Precious Metals in parallel sync?
Kind of reminds me of Zimbabwe and Venezuela markets going nuts trying to adjust for what the markets anticipate as future inflation which seems the only rational answer so far. Then there is this one, Coal Miner #1, on a rip. Remember Coal? Everyone hates it, not? Well maybe not everyone:
Love it or hate it, its one ripper of an upside breakout. So there you have some of it.
Also for those paying attention, copper, lithium, uranium, silver, gold and P.M.s, generally on a rip. A favorite but poorly known graphite developer, of mine is NOU.V, New Moon Mining, run by whom I consider to be a real go-getter, Eric DeSauliners. Take a look if you like long shots, gambler’s bets and long shots.
First Majestic, in the silvers is a lead whom I like, and Nevada Copper, are a on a breakout, again on your own due diligence.
Don’t want you to miss out on our next Recommendations, and Tactical Insights, so sign up and come aboard for gains in our January Issue, out the end of the month..