New Guest! – Jim Tassoni – Fed Rate Cut = Inflection Point For Markets; Gold Miners To Play Catch Up
New guest alert! Jim Tassoni, CEO of Armor Wealth Strategies, joins me to explain why he thinks this week’s Fed rate cut is an inflection point for markets.
Jim provides historical context by comparing the current market environment to 2007, highlighting the differences and similarities. He emphasizes the importance of trading based on present market conditions rather than historical patterns alone. The conversation extends to the performance of small caps, tech stocks, and the potential of gold miners as viable investments. Jim shares his insights on trading strategies, particularly emphasizing a careful, active approach in the small cap sector, and provides a bullish outlook on gold and gold miners like the GDX.
Another sheeple jumping on a story
Hi DT. No I did not talk to Sitka Gold at Beaver Creek, nor have I spent much time looking into it.
Personally, I’ve not been pursuing any companies in the Yukon, with the exception of Metallic Minerals that I’ve been positioned in for a while. Even with MMG my interest is now more in their La Plata Copper-Silver project in Colorado than it is their Keno Silver project in the Yukon. I still see their Keno Silver project as strategic, right next to Hecla’s operating silver mine, but that whole Keno Hill area actually has power, roads, and good infrastructure, (unlike most of the rest of the Yukon). They also have the gold alluvial royalties in the Klondike area of the Yukon, but those should be fine as they are pulling gold out of the rivers like people have for hundreds of years.
Other than that I’m not really animated by the Yukon personally. Snowline has done well, but they are very richly valued already compared to the rest of the gold sector, and Banyan has done a good job defining ounces, but I’m not sure what their future trajectory will be with the heap leach accident and overhang from Victoria Gold. Western Copper and Gold has a solid project in Casino, but again, I’m not sure how they are going to get permitted and do what they have planned in the current sentiment from first nations and other lobbyist groups based on what has happened in the Yukon this year.
Thanks for your feedback, Ex, I agree with you on all points, you better have a miner with a huge deposit and some infrastructure if you are going to buy into a story in The Yukon and want to be a longer-term investor. I always liked the juniors that could snap, crackle, and pop, but then fizzle out really fast. As long as you know when to sell. I have been diversifying my portfolio a lot lately, but I still want the hair of the dog! LOL! DT
Mess with the elephants you get the hoof.
Gold miners, not the unprofitable small cap explorers
I added to Sitka last week and will hold the larger# to see if the VG pays off. If it gets some values in the bonanza category, then I will hold or add. If they don’t live up to VG hopes, I will probably roll back to Nevada King or Cabral. We will see … shouldn’t be that long.
I saw those drill results from Sitka Gold that were recently released I was tempted but I figured why bother in this market I will just sit back but this morning I pulled the trigger, they are in elephant country and those are deep intercepts. I noticed Cory interviewed them recently, Ex did you talk to them at BEAVER CREEK. DT