Yesterday, in my role as chairman, I updated my stock picking club (Hys and Lows) members on the performance – or rather the non-performance- of our portfolio of junior mining stocks. Last time I wrote about it, I said:
“For the last 24 months, reality has bitten. Themarket has put us firmly back in our place while lustily kicking our butts downthe sidewalk, up the alley and into the back yard. Year-to-date our portfoliois down 26% and, tellingly, 22 out of 25 stocks we picked are in the red. To befair on us, this is a reflection largely of the “nobody gives a fuck” state ofthe resource sector which is veering dangerously close to a 10-year low.”
Continue reading “I Belong To A Club Update”