Take physic, pomp

The IKN Weekly is boring

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.  

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