General Stock Ideas

[bigworld]

Kinross Gold (KGC)(which I own) was up almost 7% yesterday after announcing that they were instituting a Dividend for the first time. It's going to be a 1.2% Dividend, which doesn't sound like much. But it's twice what you can get from a bank CD or a money market fund. And I think it signals that good things are coming in the precious metal mining sector. Operational costs are staying low due to low deisel prices. And the price of gold and silver are remaining strong. So profits are going to be rising. Cash will be accumulating. I think the big players will either be increasing their dividend or going on an acquisition hunt, while the mid tier players will follow KGC and start paying a dividend. So parking money in the precious metal mining sector is becoming even more compelling. You have Democrats and Republicans and Trump arguing about whether to pay out somewhere between $1.5 and $3 Trillion that we don't have in stimulus funding. Which the Fed would have to monetize. We have China threatening to dump it's Dollars while they are currently on a commodity buying spree. I read where they have already stockpiled 3 years worth of copper supplies. And they're buying every soy bean they can find. They are spending their Dollars. They are evil but they are smart. At some point the rest of the world will follow their lead and start buying hard assets with their Dollars. And with the Death of Justice Ginsberg the intensity of the election just got dialed up to 11. The left's insurrection is going to intensify. Tech stocks are weakening as evidenced by the Nasdaq's underperformance relative to the Dow. The overall market is setting up for a major correction based on internal political upheaval. I'm glad I'm sitting on a nice foundation of gold and silver miners.