Editorial One of those Years

It’s been one of those years. Two steps forward and one step back. Nothing’s come easily. It’s been tough.

With 1987 ending on a sour enough note, 1988 started as a struggle to claw back from the Oct 19 abyss. That’s been tough enough. Added to that has been the uncertainty of equity financing for junior exploration companies in anticipation of what “tax reform” will really mean.

Then, of course, the summer doldrums set in. A good drill hole could barely move the market — and besides, anyone who might have cared seemed to be away on vacation.

So Labour Day was eagerly awaited. As soon as the kids were back in school, the market would catch fire, we thought.

But what happened after Labour Day wasn’t a fire so much as fire-sale prices for gold, and that has been enough to dampen whatever enthusiasm there was for mining stocks.

What’s next?

Perhaps it’s best to take comfort in the contrarian’s point of view. Thing s can only get better.