Once again, as always, thank you for your insight on not just Ecuadorian politics but also putting the current situation in its proper perspective.

I love to be able to go back into the Canadian banks at this moment. However, to do that I have take some heavy losses for such a flip. For example, taking an about 50% loss in my original ARU investment just to get out of Kinross and go into the banks.

You are right about the part of not sitting on the losses during these times though. It's all a matter of "betting" on which sectors/stocks are going to recover first. If the indication is that the financial sector and banking stocks will outpace the gold stocks in their recovery, I'll do the flip after all.

Unfortunately there are stocks like CGP that there is no point in doing anything. This stock is basically down to no value at this moment. I assume that you, just like me, may still have that one in your portfolio, right? So the only thing to do is wait it out and hope for some salvaging value when things change.

Regards.