Summary:
Finished down 0.4% on another sedate day. Miners did generally well with LMGGF up 10%. I have been meaning to add to the position, but with studies and other drudgery this one got away. I will revisit it tomorrow. Base metals , particularly copper, have been creeping up from weakness earlier in the year and physical nickel stocks remain at extremely low levels.
On the downside, JEQ slid 1.7% despite gains in the Nikkei and is again trading at a discount of 4% . XSI fell almost 9%. High volume, but no news. The peregrinations of a small cap lightly traded company. Hopefully we get some earnings soon.
No trades today as I was finishing off drudgery, such as taxes, that my studies had kept me from.
Positions:
Long: JEQ JSC LMC AUY SLW NTO NXG HBMFF ALSWF JAGNF FFHL EGLE AOB XSI KF UAHC NTLRF TNH LMGGF NM NLY MDN.TO
Short: BKC
Options: AUY May 15 call
Cash: 12.0%
Trades: none
Read:
Stocks Researched:
Hours spent on market: 0.5
Positions most worried about:
Positions most sanguine about: Japan
Biggest market worries: fairly sanguine in the short term
Thinking about: ?
Outlook ( up-flat-down surety rating: 1-5 reasoning):
US: ??
Tech: ??
Japan: up, 1.0; strong GDP, but weak international markets
China: ??
Silver: ??
Gold: ??
Copper: ??
Zinc: ??
Real life: Recovering from studies.
Previous night sleep and exercise: 6 hrs. Light exercise.
Mood: Recovering from my cold. Calm.
