Hi Captain, Great post re Van Eck. Just a heads up - BDR is a...

Hi Captain,

Great post re Van Eck. Just a heads up - BDR is a logical choice on the downside and as with PRU at the last rebalancing the immediate impact can be severe. In PRU's case it was a few days before the Denver Forum and Jeff was lamenting the pounding PRU received.

Just be aware that BDR have an important PFS due (Urucum UG) in the coming days that, if it turns out as management have been alluding to, could be "game changing" for the company. Thus, there may be a confounding input there.

AQG seems like a good one you've chosen too. Having their flagship asset based in Turkey, where it would appear Erdogan is intent on starting WWIII by backing ISIS (has just sent troops into Iraq!!) there is huge geo-political risk so AQG is unlikely to receive any love.

Also, analysts like Clive Maund and Larry Edelson have just called a (at least) cyclical bottom in POG and are hopeful (??) that this may be the absolute bottom so that could confound the shorts.

Anyway - thanks for sharing and quality research. I hope the trade if profitable for you.

Cheers
John