The Canadian plays I posted about years ago ran up a lot but I missed the main move. Kinross, OceanaGold, New Gold, and one I bought last year Torex Gold ( bought at $14.05, sold at a minor profit, now $48 ). At this point, the Gold miners are problematic they can have operational issues and they have priced in a lot of potential or real success. Now, I like riskier small caps in metals, trading some mid tier Silver stocks, and anything in Copper is on the way up. Late bull in cyclicals are often best in the smaller plays. My current plays, mostly short term trades on the TSX in this environment : Silver : SVM, ASM, EDR, GRSL, MAG ( watching AYA, FVI, BIG, VZLA, SCZ ) Copper : HBM,ERO, CS, ARG, III, SURG ( watching LUN ) Uranium : MGA I just sold half my SURG. III is a new play I got into seems to be making new ground and looks like value after last earnings ( BIG, VZLA also promising but I don't know a lot about these three ). Mid cap Copper stocks I made some money off the Trump sell off ( ERO, HBM, CS ). SVM has been annoying but I'm selling anything I can at b/e or better on my most recent buys I prefer other Silver plays. The small caps are riskier but seem to be fairly active recently mostly in a good way. They'd all be strong based on commodity prices except the general market weakness is working against this current. Today overall I was basically b/e even though NYSE was really weak.
Canada has severe cold weather problems which hinders exploration and production, hence they have problems competing against Australian miners. Africa has sovereign risks problems with listed mining stocks.
You are underestimating the size and breadth of operations in Canada's mining ( mines all over the world ). AEM and Barrick for example are Canadian. Copper we have Teck Resources.
Yeah, I was just thinking of the local operations, not the global ones. But Australia has global miners in as BHP & RIO, their share prices are not performing too well.
Hard to say; New Gold I think is mainly here has limited profits but the stock went up a ton on every bull. OceanaGold is listed here but operates in your area seems solid profits. Traders seem to love both I made money 2020/2021 on those two. Kinross and Fortuna I got killed on in I think 2021 after doing well in 2020. I picked some small caps that have positive P/Es because they did that at lower metal prices in may get better. They trade thin though. I really think anything Copper and solvent is going to go way up eventually, just like the Gold junior and midcap stocks did. I like buying the dips on stuff like Taseko.
Copper stocks another leg up I sold some of them yesterday ( ) but made money on a large Capstone position and my III has really taken off to whatever level hard to say. I still like the Copper plays but prefer to buy on pullbacks. Regrets on selling ERO Copper, Hudbay, most of my ARG yesterday they all gapped up this morning. Most of my Silver plays dropped a ton yesterday but recovered a fair bit today. I have zero Gold exposure the rug pull I was afraid of basically occurred. Bought some Aya Silver at the bottom as a trade. Still looking to dump Silvercorp it's been a headache.
Rebalanced today to pick up some Copper exposure and reduced my overdone Silver exposure. In : lots of HBM, more SURG Out : SCZ, ASM, AYA trade Overall really good day +$9.1K despite dropping $1K on three Oil positions that I should have taken profits on on the gap up. That $1K unrealized loss was a $1K gain first thing.
After the markets Friday night's close Moody's credit rating call may cause gold to react positively while the overall market negatively this coming week. Difficult to determine with the White House commenting: "Nobody takes this ‘analysis’ seriously". White House chides Moody’s downgrade to US credit rating Josh Wingrove and Skylar Woodhouse May 17, 2025 https://www.afr.com/markets/debt-ma...a1-citing-debt-interest-costs-20250517-p5lzze The White House on Friday (Saturday AEST) assailed a decision by Moody’s Ratings to lower the US credit rating, casting it as a political decision. Steven Cheung, a spokesman for President Donald Trump, singled out Mark Zandi, an economist for Moody’s Analytics, in a post on X, accusing him of being a long-time critic of the administration’s policies. “Nobody takes his ‘analysis’ seriously. He has been proven wrong time and time again,” Cheung said. Moody’s Ratings is a separate group from Moody’s Analytics. The US was downgraded by Moody’s on Friday in a landmark move that casts doubt on the nation’s status as the world’s highest-quality sovereign borrower. In lowering the US to Aa1 from Aaa — the highest investment-grade position — the credit rater joins Fitch Ratings and S&P Global Ratings in downgrading the world’s biggest economy. “While we recognise the US’ significant economic and financial strengths, we believe these no longer fully counterbalance the decline in fiscal metrics,” Moody’s said in a statement Friday. In explaining the decision, the credit assessor pointed out that for more than a decade, “US federal debt has risen sharply due to continuous fiscal deficits” and cited pressure from higher interest rates. “This one-notch downgrade on our 21-notch rating scale reflects the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns,” Moody’s added in the statement. Joe Lavorgna, former chief economist for the White House National Economic Council during Trump’s first term, called the timing of the announcement “just very strange” in an interview on Bloomberg Television Friday (Saturday AEST). He said that on the revenue side, Moody’s assumptions were “too pessimistic” on growth. “Certainly the fiscal hawks will use this as a reason to be more careful on the outlook,” Lavorgna added. Trump has argued that his economic agenda, centred on tax cuts, reduced regulations and sweeping tariffs to bring more manufacturing jobs to the US, would promote strong growth. While it’s unclear if the downgrade will lead to policy changes in Washington, the move comes with the federal budget deficit running near $US2 trillion ($3.12 trillion) a year — or more than 6 per pent of gross domestic product. Higher interest rates over the past several years have also pushed up the cost to service the government’s debt. At the same time, lawmakers are working on a massive tax package that would renew cuts passed in 2017 during Trump’s first term and provide additional reductions he promised during the last election. The Moody’s decision was announced just hours after a key House committee failed to advance the tax package over the concerns of hardline conservatives worried about the bill’s cost. The tax bill is likely to add to deficits in the coming years but is a top priority for the president. The bill includes roughly $US1.5 trillion in spending cuts over the next decade but that would not cover the roughly $US4 trillion in tax cuts outlined in the plan. Trump earlier Friday criticised lawmakers he dubbed “GRANDSTANDERS,” urging his party to quickly move on the tax bill and the White House warned Republicans that the administration expects all of them to back the package.