Last day of the week and it was a great one on many fronts and devastating for many people because of Irma and Harvey. Hope they will recover rapidly and that they will get the needed help.
Some time ago, i mentioned that the greatest disrupter in retail sector was Amazon (AMZN). Could it be behind all the problems seen at Toys R US recently ? Not sure about their way of doing business in the USA, but let me tell you that in Canada, they need some management changes and the way they deal with their employees. Retail success most of the time comes with employee's tenure. Not in Toys R Us case......Their business segment is getting eat by competitors and sadly they do not know what to do......Expect chapter 11 early next year right after Xmas season.
GOLD continues its march toward great gains. Anyone that have invested in YAMANA GOLD (YRI tsx or AUY) have made a killing this week from 3,70$ up to 3,85$ (before correcting itself a bit). OK 15 cents does not sounds a lot but it is 4% in 5 days...........Try to get that from your bank. Good luck!
And i think it is not over yet.....think about North Korea. Expect another missile launch before September 11 as a gift to the USA..........This one could be the last.
OIL movement has been very good this week and if you entered MEG (TSX) early Monday that would have been another great run as it went from 4,88$ up to 5,25$ before correcting itself. Another 7% gain.
SILVER especially Great Panther (GPR tsx or GPL) were it came from 1,33$ up to 1,46$ for a whopping 10%. Remember that Great Panther has no long term debt and is not fixing price until delivery. That means that everything shipped in the last 8 weeks that is starting to be received and will be paid in today's value. That should help the bottom line in a great way.
In regard of SILVER, there is an interesting trade that took place recently where somebody took a 1M$ dollar bet on silver going over 25$ before January 2019.
you can read it here:
https://www.cnbc.com/2017/09/07/the-surprising-rationale-behind-a-million-dollar-bet-on-silver.html
If that price was to be achieved, it would help companies like GPL's stock achieve a fantastic return and if somebody is putting a bet like that i would be tempted to invest a bit on a long term view (i know, i know, long term to me is about 3 months...........) just in case.
Now HOV: well this was not my best bet for the week as i did get back in between 1,79$ and 1,82$ but that dummy closed yesterday at 1.74$........uhhhh losing position -5%.
Lets see now EPO (Encanto Potash on TSX venture).
This one is my speculative position (keep in mind that speculative means 100% losses (or you may lose it all)) being the same.......
They still have (they say they have) an offtake agreement for almost all of the potash they can produce and that the mine built would be worth 2B$ (yeap 2 billion dollars)
Only problem is: Where will the money needed to build it, would come from ?????? No sign here that they may even be advancing their project.
So this is speculative and, as often on Canadian Venture stock, it could be another flop. Time will tell but on the other hand, if some good news were to be released, this could be the best investment of the year.
Now RAD (Rite Aid)......TIC TAC TIC TAC 10 days to go before the deal is approved or rejected and it is starting to be seen now in RAD trading pattern where shorts are getting lower and price going upward. It is not exactly what i am looking for (i mentioned that this was still a 6$ stock) but at least we can see that there is some buying pressure and this is very good for this little one. Any news about transaction getting the green light will have the stock skyrocket due to shorts covering their butts......When this happen don't be afraid to get most of them off the table as it could correct itself thereafter when future vision of RAD comes in play. So it is a great way to use enter future pricing sell orders.
Well that is it for this review of the week and as usual enjoy the week end my 30k readers. (now 31k)
(i will naturally let you know if anything interesting happen.....)
Some time ago, i mentioned that the greatest disrupter in retail sector was Amazon (AMZN). Could it be behind all the problems seen at Toys R US recently ? Not sure about their way of doing business in the USA, but let me tell you that in Canada, they need some management changes and the way they deal with their employees. Retail success most of the time comes with employee's tenure. Not in Toys R Us case......Their business segment is getting eat by competitors and sadly they do not know what to do......Expect chapter 11 early next year right after Xmas season.
GOLD continues its march toward great gains. Anyone that have invested in YAMANA GOLD (YRI tsx or AUY) have made a killing this week from 3,70$ up to 3,85$ (before correcting itself a bit). OK 15 cents does not sounds a lot but it is 4% in 5 days...........Try to get that from your bank. Good luck!
And i think it is not over yet.....think about North Korea. Expect another missile launch before September 11 as a gift to the USA..........This one could be the last.
OIL movement has been very good this week and if you entered MEG (TSX) early Monday that would have been another great run as it went from 4,88$ up to 5,25$ before correcting itself. Another 7% gain.
SILVER especially Great Panther (GPR tsx or GPL) were it came from 1,33$ up to 1,46$ for a whopping 10%. Remember that Great Panther has no long term debt and is not fixing price until delivery. That means that everything shipped in the last 8 weeks that is starting to be received and will be paid in today's value. That should help the bottom line in a great way.
In regard of SILVER, there is an interesting trade that took place recently where somebody took a 1M$ dollar bet on silver going over 25$ before January 2019.
you can read it here:
https://www.cnbc.com/2017/09/07/the-surprising-rationale-behind-a-million-dollar-bet-on-silver.html
If that price was to be achieved, it would help companies like GPL's stock achieve a fantastic return and if somebody is putting a bet like that i would be tempted to invest a bit on a long term view (i know, i know, long term to me is about 3 months...........) just in case.
Now HOV: well this was not my best bet for the week as i did get back in between 1,79$ and 1,82$ but that dummy closed yesterday at 1.74$........uhhhh losing position -5%.
Lets see now EPO (Encanto Potash on TSX venture).
This one is my speculative position (keep in mind that speculative means 100% losses (or you may lose it all)) being the same.......
They still have (they say they have) an offtake agreement for almost all of the potash they can produce and that the mine built would be worth 2B$ (yeap 2 billion dollars)
Only problem is: Where will the money needed to build it, would come from ?????? No sign here that they may even be advancing their project.
So this is speculative and, as often on Canadian Venture stock, it could be another flop. Time will tell but on the other hand, if some good news were to be released, this could be the best investment of the year.
Now RAD (Rite Aid)......TIC TAC TIC TAC 10 days to go before the deal is approved or rejected and it is starting to be seen now in RAD trading pattern where shorts are getting lower and price going upward. It is not exactly what i am looking for (i mentioned that this was still a 6$ stock) but at least we can see that there is some buying pressure and this is very good for this little one. Any news about transaction getting the green light will have the stock skyrocket due to shorts covering their butts......When this happen don't be afraid to get most of them off the table as it could correct itself thereafter when future vision of RAD comes in play. So it is a great way to use enter future pricing sell orders.
Well that is it for this review of the week and as usual enjoy the week end my 30k readers. (now 31k)
(i will naturally let you know if anything interesting happen.....)
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