One of my favorite Macro economists notes a carry trade propping up the US market -
"The bad news: this latest market uptrend appears not to be driven by good economic news but rather by an emerging "carry trade" driven by the easy money policies of the US and a number of other countries around the world, including Japan.
The carry trade game here is simply to borrow money from the Federal Reserve or Bank of Japan via low interest rates and invest in the stock market. In this carry trade, the dollar falls and the US markets go up but the net effect in real, dollar adjusted terms is negligible." - Peter Navarro
I'm thinking this is likely to continue through the election. AZC seems to be tracking the broader markets at the moment. Anyone have any thoughts?
Sorry to just chime in but u might want to check out BAJ or CUU. Both have had pretty good runs lately. Both have big insider holding. BAJ has pulled back a little and CUU has been trading sideways lately waiting for a revised resource estimate that could possibly double the size. Still allot of upside 2 both.
MAYBE. You need to look at the quality of drilling samples and whether they are done appropriately. Is the overall size of the deposit adequate to cover costs and profits? A small area of 50% isn't worth anything in the context of infrastructure and mining costs. Is there Ag/Au/Pt/moly associated with the deposit that may help you figure out the value? Is the deposit structured in such a way that it can be mined with a reasonable mine design? Is there infrastructure to transport materials? Is management adequate to the tasks? Are there regulatory issues? I'd urge you to gestimate each factor and put together a rough present value. Or follow an investor smarter than we are and do what they do. Remember a deposit worth gazillions on Star Date 2712 isn't worth much now. Good luck!