Here’s part of the intro to The IKN Weekly issue 406, out last night. Kind of reads well after what happened to the GDXJ this afternoon:
The IKN Weekly is boring
I look around, see the breathless promotions out there at the moment and consider how tedious it must be at times to read a publication such as this one. Out in the wonderful world of promotion, ramping up right on schedule for PDAC, there seem to be no end of exciting deals in which you can participate (for a modest entry fee) backed by people who always strike it rich and never make a wrong move. Here in the plod and drudgery of The IKN Weekly your author is raising some cash with a couple of sales/partial sales, tinkering at the margins and for the time being just letting the main trades run on. It’s boring. It’s not good for the newsletter business. I should be out there feeding you ideas, stock tips and STRONG BUY recommendations galore, raising pulses and diving headlong into the cut and thrust of capital markets at any given opportunity. And all those things are easy to do in fact, even easier when you’re a tipster service selling thought and no skin in the game. When it becomes more difficult is when it’s your own money at stake and with the realization that of the 1,500 or more stocks swirling around in the Canadian capital markets, the vast majority aren’t just mediocre but outright wastes of time and money. There are no end of great stories in the wonderful world of the TSX(V) but there just aren’t that many good companies, not for my money at least. What’s more, stocks haven’t looked particularly cheap for a number of weeks which puts a value-oriented investor off the trail early. Thus another week goes by, watching covered stocks and failing to find a new bargain name but don’t worry about me, I’ll find something interesting to do with my recently raised cash soon enough. The rest of you can get your kicks trading Northern Dynasty.