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By Eric Coffin |
February 22, 2013
Six weeks into the new year and there is still no joy for junior resource traders. In the large markets there has been plenty of good news, with several exchanges hitting multi-year highs. In our little corner of the market however, gloom predominates.
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By Eric Coffin |
November 7, 2012
Thanks to a surging gold price that rally appears to have arrived. It’s not a broad rally yet. Traders are looking for companies with discoveries and management that knows how to add shareholder value.
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By Eric Coffin |
October 4, 2012
Did we tell you or did we tell you? It’s a bit premature to claim bragging rights but the junior market has been trading exactly how we hoped it would. Ben Bernanke delivered the early Christmas presents gold bugs were dreaming of and the market tenor looks better.
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By Eric Coffin |
July 13, 2012
Continued movement in the right direction politically in Europe may finally give us a set up for a meaningful fall rally in the resource sector. Let’s all cross our virtual fingers and hope the Eurocrats don’t find yet another creative way to wrest defeat from the jaws of victory.
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By Eric Coffin |
June 7, 2012
A country that represents less than 2% of the euro block and a tiny fraction of the world economy continues to be the tail that wags the dog. We’ll all have to wait until June 17 to see whether Greeks vote with their emotions or with their heads.
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By Eric Coffin |
March 23, 2012
The better the market is the more likely it is that late March to late April will feature large amounts of profit taking and tax gain selling. Given how metal prices and junior resource shares have fared there seems no danger of things getting frothy soon.
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By David Coffin, Eric Coffin |
January 24, 2012
We are extremely comfortable that our prognosticating for 2012 may or may not work out. Which puts us in the same camp as most others. That said, a contrarian turn does seem to be gaining ground in the market.
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By David Coffin, Eric Coffin |
January 12, 2012
Just how happy the market's New Year will be is still to be determined. The past few months have shaken out a lot of traders as markets seemed to fall apart every time they looked ready to finally break out. That pattern may continue.
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By David Coffin, Eric Coffin |
November 30, 2011
Unless the EU fixes everything in the space of the next two weeks plenty of tax loss selling should be expected. Notwithstanding that, we're finding the buying in the bulk material space and strengthening oil price encouraging.
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By David Coffin, Eric Coffin |
October 20, 2011
Stick with names that have resources in the ground they are growing. They should react best and see less tax loss selling. Earlier stage companies will find loss selling harder to avoid unless they are delivering good news and promising more to come.
