Thursday, April 7, 2011

Bona Fortuna

Fortuna Silver is NFTRH's 2nd heaviest position.  #1 is new, and due to its 'premium' status and heretofore limited available shares will remain proprietary to NFTRH for now.  I snoozed through the recent volatility in FVI with a nice assist from the IKN Weekly, which has been on the job keeping tabs where FVI is fundamentally concerned.  Today it appears somebody likes Fortuna for some reason (up 14.7% as I type).

I am not doing any trading, just holding healthy cash levels and watching core holdings like AAU, BTO.TO, GPD.TO and FVI.TO lurch higher.  The greater HUI is also flashing a fairly important signal as well.

I know I am being cute or coy, because I think I write an excellent market letter and I think more people should subscribe to it.  At least I carry a sense of promotion on the surface instead of putting out those annoying "our subscribers were put into XYX Co. at such and such a price" or "our subscribers saw the correction in gold well ahead of time and locked in profits".

NFTRH subscribers are too smart to be treated like robots, obeying buy and sell signals from some genius fly boy.  We are managing in a rational manner every step of the way, and currently enjoying the benefits of being sober when it comes to this mess.

Thus ends an odd promo that really did not start out that way.

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