I know things are probably hectic around this time of the year. However, the deadline to weed out the companies who have not delivered in 2014 and take tax losses for the year is coming to a close.
The last day to do this for my Canadian subscribers was Wednesday December 24th, 2014. My American subscribers have until the end of the day to sell stocks for a tax-loss.
Focus on the best junior mining resource companies and add to winners by placing stink bids 15-20% below the market. You may buy some shares at a discount over the next few trading days. I list my favorites in my premium service.
If some of my subscribers took profits after doubles and triples in some of our winners such as Western Lithium, Niocorp, and Canamex then one can take some losses to offset those gains. Investors who want to get to back in to those positions have to wait 31 days.
Despite the TSX Venture being down over 25% this year, three of our featured stocks had great gains. Niocorp (NB.V or NIOBF) is up 387% on the year, Western Lithium (WLC.TO or WLCDF) soars 127% in 2014 and Canamex (CSQ.V or CNMXF) rose 108% this year.
In a historic bear market, 9 out of 10 stocks fail. As the old adage states, “When they raid the house, they get them all.” However, I have been blessed in that most of our featured companies are hanging in there and two of them more than doubled and one almost quadrupled in one of the worst years in resource history. This indicates to me that our system of research and due diligence is improving and should show outsized gains once the 200 day moving average begins sloping higher.
It's my opinion to rotate into what I believe are exciting and dynamic junior miners which I listed in my premium service. I focus my newsletter on the outperformers and companies who constantly deliver on their set out goals.
The major miners such as Barrick (ABX), Newmont (NEM), Coeur (CDE), Hecla (HL) and Agnico Eagle (AEM) are constantly on the lookout for quality projects which could improve their balance sheets with good grades, infrastructure and favorable geopolitics.
