Yes, I realize it’s early here in 2019, but my two biggest sector holdings, gold and pot, are doing great. (Yeah, I know, that’s a low bar, because gold has been in the doldrums for four years, and cannabis stocks got hammered in the fourth quarter, but still).
My favorite pot stock, The Green Organic Dutchman, TGOD.TO, touched $2.20 on December 27, and closed at $3.05 on Friday. That’s an almost 40% bounce in two weeks, which is nice. Of course it was $10 in September, so if you bought it at the peak, oops. I bought in the private placement before the IPO, so I’m fine with where it’s at, and I bought more in December, so I’m fine with where we are.
On the gold front, I’m a fan of Equinox Gold Corp, EQX.V, which peaked at $2 over a year ago and was under 90 cents in December. It closed Friday at $1.05. I will be shocked if this is not a $2 stock at some point in 2019, and ultimately it will be worth $10 within 5 years.
In fact, it will be $5 this year (but that’s only because they are likely to apply for a listing in the USA, and so they’ll probably do a 5 for 1 consolidation to make it a $5 stock, but I digress).
They have three great projects that will be producing in 2019, in diverse jurisdictions. They are fully cashed up, are looking for acquisitions (they made a great acquisition in the fourth quarter of 2018, at the bottom of the market, to steal the Mesquite asset), so I see good times ahead.
Not tomorrow.
Maybe not even this year, but over the next 2 to 5 years both TGOD and EQX will be much higher.
So far, so good.
See you next week.
Gold, Pot Stocks Looking Good So Far in 2019
by JDH on January 12, 2019
Yes, I realize it’s early here in 2019, but my two biggest sector holdings, gold and pot, are doing great. (Yeah, I know, that’s a low bar, because gold has been in the doldrums for four years, and cannabis stocks got hammered in the fourth quarter, but still).
My favorite pot stock, The Green Organic Dutchman, TGOD.TO, touched $2.20 on December 27, and closed at $3.05 on Friday. That’s an almost 40% bounce in two weeks, which is nice. Of course it was $10 in September, so if you bought it at the peak, oops. I bought in the private placement before the IPO, so I’m fine with where it’s at, and I bought more in December, so I’m fine with where we are.
On the gold front, I’m a fan of Equinox Gold Corp, EQX.V, which peaked at $2 over a year ago and was under 90 cents in December. It closed Friday at $1.05. I will be shocked if this is not a $2 stock at some point in 2019, and ultimately it will be worth $10 within 5 years.
In fact, it will be $5 this year (but that’s only because they are likely to apply for a listing in the USA, and so they’ll probably do a 5 for 1 consolidation to make it a $5 stock, but I digress).
They have three great projects that will be producing in 2019, in diverse jurisdictions. They are fully cashed up, are looking for acquisitions (they made a great acquisition in the fourth quarter of 2018, at the bottom of the market, to steal the Mesquite asset), so I see good times ahead.
Not tomorrow.
Maybe not even this year, but over the next 2 to 5 years both TGOD and EQX will be much higher.
So far, so good.
See you next week.