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Sunday, September 23, 2018

Garibaldi Resources Corp. vs Royal Nickel Corporation, in which Eric Sprott darling should you invest?

Super easy, the answer is Royal Nickel Corporation (RNX). 

Tomorrow is an important day. It's the provincial elections in New Brunswick. Its too bad I cannot vote, even if its where I am coming from. Personally, I hope that the Liberal Party of Brian Gallant will win. It's going to be a tight run, but I hope that Liberal will win. And if they do, its probably going to be a minority government, unfortunately. I cannot believe that New Brunswick can be run by a leader that doesn't speak French. Of my adult life, let say for the last twenty years, I think that we had been lucky enough, but we always have Prime Minister who had to speak French in New Brunswick. It would be disrespectful for Acadians to be lead by someone who doesn't understand us. It would be both disrespectful and insulting. No square head (!!!) as Prime Minister of New Brunswick PLEASE.

The TSX closed Friday session at a good 16 200+ points. My non-registered portfolio closed the session at $184 721.15, my TFSA portfolio at $80 100.77, and my RRSP portfolio (stocks only) at $39 921.55. 

I am currently surfing on a good wave and my latest investment made a few days ago in Royal Nickel Corporation (RNX) was quite profitable. RNX gain 25.2% inside my non-registered portfolio. Over the years, I had invested in multiple stocks, and sells many among the way, even if I am mostly a buy-and-hold investor. I mostly invest for the long run. In the case of Royal Nickel Corporation (RNX), I wanted to do a quick buy and a quick sell to earn $$$, but I decided to hold for now, despite Friday big gains for Royal Nickel Corporation (RNX). I read somewhere that RNX could be a good sell at $3 so that's my number. I am in for a couple thousand profit. Feeling alive now? Hell yeah! ;-)  

Australia is a country rich on gold. If some important amount had been found, chances are that we might be in for more gold when it comes to RNX. This is not the first time that I am investing in Royal Nickel Corporation (RNX). I had invested in RNX back in 2016. But this time, its the good one. I plan to hold for now. More juicy profit to come. Currently, my interest in TFI International Inc. (TFII), Cargojet Inc. (CJT) and Domtar Corporation (UFS) had faded away. I may still have a little something for CJT. I don't have any investment plan for now. RNX came to me... like a punch in the face, from nowhere, and it was totally unwanted. I always have my eyes on Eric Sprott. Not that I absolutely want to have his stocks in my portfolio, but I like the idea to make a few bucks on his back for once.

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