Yes, the miners have held up better than expected in general, but there are some that pulled back down pretty hard from August, and there are some developers and explorers that never really moved up that much this year and actually went down even further than where they were to new recent lows over the last few months. Those are the one that have had a pickup in selling pressure lately, and that selling volume seems to indicate tax loss selling is in full effect.

I agree with Lobo’s general premise that from now to year end, spotting these sell-downs can be a great opportunity to position for the seasonal move up in Q1 2020.

I’ve been a big proponent of buying between from Thanksgiving to the lead up to Christmas for the last 5 years in a row, and it has been a lucrative and very easy trade year after year. There are no guarantees we’ll see a big upmove in Jan & Feb, but so far history has rhymed each year.

Good luck to all in their investing, and at least keep an eye out for capitulation moves in miners on your watchlist as it may be an opportune time to be on the buying side of those moves down.

The volume spikes that we saw on 10/11, 11/7, and yesterday were clearly technically driven and overall volume has been (bullishly) falling since the miners peaked in September.
So I still don’t see any “heating up” due to tax loss selling.
Yes, there are good and great deals everywhere but most of them are due mostly to a plain old correction.
Remember, I’m talking about the sector in general, not individual examples (which are all over the place in terms of performance). Even big ol’ GDX is still up over 30% since bottoming in May so, overall, there’s not a lot of tax selling to be done this year relative to last year.

You can see the volume spikes I mentioned, here:
https://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=8&dy=0&id=p17465174983

I may be wrong but I would be Leary of any plays that have sold off cuz of tax loss selling…..there would have to be an underlying problem for any plays to be down in this environment to justify someone selling for the tax loss. The only scenario where I see it possible with a good play is where people bought at the top …..like say a cantex but those are already spec plays really

I agree, Wolfster. On net, tax loss selling is worth thinking about this year.

*Tax loss selling is NOT worth thinking about this year. 😲

While you guys are thinking about not thinking about tax loss selling deals, I’m going to buying the deals (and already have been) 😉

Cheers!

As you should, Ex. 👍

I’m working on raising one last batch of funds to deploy mid December and at that point will be all in.

Well most of my risk capital was already allocated to optionality plays and for me McEwen was a more “safer” optionality producer. As a result I moved some money over to Resolute mining, Roxgold, Argonaut gold, and K92.

For more of a deal in riskier Gold producers, l I also added to Northern Vertex, Harte, Scorpio, and Jaguar.

For more risk and also topped off the Silver/Zinc/Lead plays Cantex, Discovery Metals, and Excellon.

Victoria Gold is a solid gold producer as well, and it has had a healthy pullback and share consolidation, so it is tempting at these levels. If it pulls back some more I may snag some shares.

I really feel it in my bones by looking to the miners behaviour that they are a very good buying opportunity right here right now. The next upleg is not far away and I don’t mind if I don’catch the absolute bottom in this correction. When gold is 1700 next year it doesn’t matter.

I like what this dude is talking about😀
https://youtu.be/NXA9A68wfaI

Agreed Blue. Christopher Aaron is a sharp technician.

Blue, I completely agree that the miners are a great buy right here right now and it’s a good sign that most observers would probably disagree.

Good luck Ex!
I’ve heard about MMG👌

Yup, a far cry from the large stake he had before the 2011 top. Fred Davidson mentioned Sprott’s interest in the company to Corey recently which is why I have to wonder if a deal is in the works.
Considering the terms Sprott usually obtains for himself, I’m not quite the fanboy of his actions that many others often seem to be. Like I said, IPT doesn’t need to bend over backwards for anyone so I hope Fred doesn’t. Very few miners have enjoyed such prudent management and it shows in the share count (and no share rollbacks). Most peers have diluted the hell out of shareholders on bad terms despite being a fraction of IPTs age.
Too many companies have given away too much upside for the privilege of attaching a big name to themselves.

Yes, Agreed with many of the points raised, and it depended on the deals each company made with the “whale investors” and how badly they needed funds, and how much they had to raise.

IPT is very well run, and have been good stewards of investor capital by not trying to grow to fast requiring to many raises, but rather grew organically, and thus kep their share counts down.

I will say, Eric Sprotts investments have been far more fair that what we see from Rick Rule & Marin Katusa often extracting ridiculous amounts of warrants and diluting down existing shareholders far worse. Eric has been a white knight coming in a funding the Jr sector when hardly any other institution funds have been and allowing companies to keep their lights on, so he can get good terms, but he also legitimately wants to support these companies to help them make their next discover or build their next mine.

Overall, IPT has spares investors ridiculous capital raises and contained their sharecount, but there is a piece of me that wants to see them go a bit larger, get more drills turning on more properties, and get more mines going simultaneously with a larger staff as we are about to hit a great runway for Silver & Gold price appreciation, and I’d like to see them really make an “impact” on all their properties potential in my lifetime. 🙂

Cheers!

Sorry there were a number of spelling a gramatical errors in that post, but you get the main idea. Damn I wish we had an edit feature after we post.