MARKETS,Anybody even yet?

[dinghy]

This week for the miners has been some of the ridiculousest price action in recent memory. Monday, GDX was -3% in early action, then roared back to finish green.

Today, GDX was hanging around even, and then the trap door opened for a slow-motion 5% plunge.

There hasn't been any semblance of news.

In my view, anything that doesn't make sense is a trading opportunity.

[dinghy]

And of course to take advantage of the Trump tariff game. He needs 3 wheels to spin. One for the percentage, one for the countries, and one for the start date.

Today the wheel landed on Brazil.

[olds442jetaway]

All I bought today was a little Royal Gold just before close. I think I’m going to take a breather for a few days and see what happens. That’s what I say now anyway.

[dinghy]

All I bought today was a little Royal Gold just before close

I got more RGLD shares Wednesday morning as it was pushing down toward 158. I don't know about the deal, but they have a good track record and the acquired shareholders (Sandstorm) seem unhappy with the price, lol.

This morning I'm buying more ConGAGra. Just paid 18.55, and watching to catch a deeper plunge.

[dinghy]

The gold royalty and streaming companies are some of the leanest operators anywhere.

Wheaton WPM has a $40B market cap, and 50 employees.

Franco Nevada FNV has a $30B mc, and 50 employees.

RGLD Royal Gold has a $10B mc, and 30 employees.

OR Osisko Royalties has a $5B mc, and 35 employees.

They remind me of the Buffett investment portfolio concept, although Warren has rarely said anything good about gold.

They're good companies, but I generally prefer miners because they're cheaper and more hated. I was into FNV for a while after it plunged on the Cobre Panama shutdown, but I've taken those profits.

Elsewhere, I don't know why VALE is +4% today, but I'll take what I get. Everything else in Brazil is red.

[dinghy]

RGLD on sale. Just added below 158.

[FAA]

Wendy’s CEO has left to run Hershey’s, dreaming of the Sweet Smell of Success. But Wendy’s is -49% in two years. Hershey’s board must be on a sugar high. Come run us into the ground too, Captain of Industry. Shareholders are said to be plenty frosty.

[dinghy]

FAA, I can't compete with your pun game.

Ramaco Resources -- go home, you're drunk.



METC is near 19 after-hours, but I see it was above 20 just earlier. So I'll wait for a rebound. Something to do with critical materials for the Trump admin. The CEO was on Bubblevision.

On paper this is a double for me, as I bought between 7 and 9. On April 4th, I missed a fill at 6.54 .

[olds442jetaway]

I was late to the plate today on Royal Gold. Check again next week.

[dinghy]

More WDOFF Wesdome for me, at 12.70.

Apparently, the Q2 production report is being poorly received, but I'm not immediately seeing the problem. It was already established that output will be heavier in H2, and they say they're on track to achieve guidance.