12/9/22?
12/9/22?..............Future tense?............
Yeah, you might want to pull this and start over.
Please correct date in article to 12/9/21. Thanks.
Insider trading oh my god. Anyone holding an asset when they have weeks of warning who doesn’t trade their assets if possible deserves to lose all their money. It was all over the news fora month are they supposed to take it in the shorts because it might look like insider trading? This is the 55% rate of illiteracy on display.
The mainstream media has become totally incompetent on reporting just about any news.
For me, insider trading would mean “prior to invasion” is in the day or two before the invasion.
I spent an hour one morning in early January looking up the imports and exports into and out Russia and Ukraine.
I decided to front load my gasoline and natural gas expenditures for the coming year. Those investments have paid of hugely.
It doesn’t take a genius to see what was coming. It takes time to sit down and research. It takes time to think through the risk assessment. It takes a time to make logical judgements about the probability that stuff is going to happen.
I saw that by the end of January, Germany—which has HUGE natural gas caverns for storage—was running at less than 50% capacity. I saw that Turkey was the only European country that had a “local currency” arrangement for trade with Russia. Once this war is stopped, Turkey will make out like a bandit.
Its not insider trading to understand this stuff. It DOES take more time and effort than the average person is going to spend. I am not dumping on the average person—I am merely saying that most folks do not understand how global economies work.
The drop from $7 was precipitated by an announcement that Kinross was buying Great Bear Mines. I own shares of KGC.