My pal Scott manages a gold fund made up predominantly of Canadian gold exploration companies. It’s a high risk area but this man – who’s excellent musicianship and voice you’ve heard out here on the blog in the past – takes his work and his investors seriously. You look at him the wrong way as a gold junior and he may lose interest. GBR.V (GTBDF) did not look at him the wrong way.
Quite the contrary, he was firm on it and I was smart enough to take my cue from him. Another hat tip goes to an NFTRH subscriber named Michael, a geologist who weighed in with words that rhymed with Scott’s. The result was that without even flinching I held GBR.V (and GTBDF) all the way down from a big profit to a loss in March.
Yesterday in NFTRH 601 this accompanied the chart:
“Look who just broke out (GBR.V/GTBDF). I did not even notice it because I don’t really look at it, whether its tanking or bulling. Just holding.”
And today it’s confirmed. It’s bulling, the profit is piling on and I am still not even thinking of selling it. As usual, no reco because I am not a stock tout and it’s a million miles higher than it was a month ago. But if I was not sweating it in mid-March I sure as shit am not sweating it now. Thank you Scott. Thank you Michael.
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