In Rome, the Ides of each month was a deadline for settling debts, and the Ides of March (Idus martiae) was marked by religious ceremonies. Despite Shakespeare’s best efforts, the middle of March is not historically a particularly risky time of the year for investors. Nevertheless, because the Prospectors & Developers Association of Canada has just held its convention, it is an opportune time to remind potential mining investors of the risks involved.
For equities generally, strategists at Morgan Stanley are amongst analysts to have warned that this is a “high risk month for the bear market to resume.” Morgan Stanley recently told clients that, after a slew of data showing the economy in a much more precarious position than previously believed, the stock market “could be poised for another forceful plunge in March.”
Mining equities follow a different cycle from shares in other industries, of course, but it is a…
