Executive order stimulus signed by President. Let the fun begin

vanzandt said:
Canadian mining stocks are like Canadian strippers, they look beautiful af on the surface... but you can't trust either for the long haul.
-vz
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My observation is the bigger the move the more people doubt it on the way up. They were a screaming buy in March like most of the TSX was. I base my moves on fundamentals and historical technical levels. Broader interest levels only picked up two weeks ago. With all the "money printing", the US/China trade spats, and the possibility of a huge second wave with Covid, it's a really good gamble from here ( buy the dips ). The really easy money of course has already been made. Better question is what is out there that is better value and risk/reward. Not much at the moment. Earnings reports are good in Q2 which was the worst it with respect to Covid; unlike other industries with huge write offs and deeply discounted earnings targets, the miners are growing earnings. Sure there is risk, but the Q3 earnings are going to be spectacular.
 
Nine_Ender said:
My observation is the bigger the move the more people doubt it on the way up. They were a screaming buy in March like most of the TSX was. I base my moves on fundamentals and historical technical levels. Broader interest levels only picked up two weeks ago. With all the "money printing", the US/China trade spats, and the possibility of a huge second wave with Covid, it's a really good gamble from here ( buy the dips ). The really easy money of course has already been made. Better question is what is out there that is better value and risk/reward. Not much at the moment. Earnings reports are good in Q2 which was the worst it with respect to Covid; unlike other industries with huge write offs and deeply discounted earnings targets, the miners are growing earnings. Sure there is risk, but the Q3 earnings are going to be spectacular.
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Fair enough.
Stay nimble though.
 
Nine_Ender said:
My observation is the bigger the move the more people doubt it on the way up. They were a screaming buy in March like most of the TSX was. I base my moves on fundamentals and historical technical levels. Broader interest levels only picked up two weeks ago. With all the "money printing", the US/China trade spats, and the possibility of a huge second wave with Covid, it's a really good gamble from here ( buy the dips ). The really easy money of course has already been made. Better question is what is out there that is better value and risk/reward. Not much at the moment. Earnings reports are good in Q2 which was the worst it with respect to Covid; unlike other industries with huge write offs and deeply discounted earnings targets, the miners are growing earnings. Sure there is risk, but the Q3 earnings are going to be spectacular.
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Q3 earnings are going to be spectacular? You mean it would be good earnings despite everything shutting down?
 
noddyboy said:
Q3 earnings are going to be spectacular? You mean it would be good earnings despite everything shutting down?
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Almost none of the Cdn Gold/Silver miners are shut down. They are meeting or exceeding production targets and the metals they sell are rapidly going up in price. It's not rocket science what that could do to their earnings Q3 given their good numbers in Q2 ( there were some mines shut down in Q2 now reopened ). Also note that today was a key moment in determining the trend on Gold/Silver after a corrective day on Friday. Early returns are solidly up today.

In another interesting area, M&A activity seems to be starting in Canadian energy which is giving my natural gas stocks a lift. Short term trade.
 
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Scataphagos said:
I traded the big contract way back when. My broker was one of the better ones... having a phone rep outside the pit to signal orders more quickly.

The ES caught on because of lower costs. Many ETers don't realize the "cost of transaction" is not just the commission... it's commission/fees + spread + slippage. With its virtually instant fills, the electronic ES saved so much in slippage that the electronic format supplanted the pit.
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Yup.. efficiency brother!
 
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