Thoughts from Myron—Focus on Permian Basin & Gold


By Myron Martin, January 17, 2014

[Ed. note: Here is our latest contribution from longtime reader Myron Martin. He has agreed to our trading restrictions, and, as usual, we have not reviewed, approved or screened his stocks or ideas, and the opinions he expresses are solely his own.  Many of the stocks Myron covers are microcap “penny stocks” that can move dramatically with or without fundamental reasons, so please be cautious. Myron’s past commentaries can be seen here.]

I think 2014 is shaping up to be a potentially volatile year that will see select stocks do very well for nimble traders, and continue to offer opportunities for strategic positioning in precious metals, critical and specialty metals, uranium, zinc, platinum group metals (PGMs), rare earths, graphite and more. I note that Lucara Diamonds (LUC.TO LUCRF) is among the top five gainers on the Venture for 2013 and I intend to keep accumulating on dips. Reed’s, Inc. (REEDS) has topped the $8.00 mark for the first time recently, but I am not taking profits as I believe it has much further to run. Dips are simply an opportunity to buy more.

I will keep adding news releases pertinent to stocks I have profiled in recent months. In fact, there are so many stocks doing well in spite of the general market malaise that I can not possibly profile them all, but here are some follow-ups you will do well to investigate for further consideration. I remind you once again to use stink bids. For example, Allied Nevada (ANV) hit a high of $4.51 a few days ago, on a very positive news release and then dropped to $4.39. Buying on those kinds of dips will do wonders for your ultimate profit percentage when it is time to sell. Read about it here.

Late Update: Today (January 14th), it was announced that an unsolicited bid was made for Allied by a mysterious Chinese Company, with some doubt that it is legit, since no documents have been filed as required by law. Nevertheless, even rumors can be enough to put a stock in play. I have no way of knowing what the outcome or updated information will be by the time this gets published, but this possibility does not surprise me. The Chinese are desperate to buy all the gold they can get their hands on, and a producer with profitable mines that has dropped from over $40.00 down to around $4.50 would be ...

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