Ya know what goes great with your Gold investments? An ‘I don’t give a fuck attitude’ when it comes to listening to the Fed, Central banks, brokerages, and investment pundits that draw little ‘make it or break it’ lines on a chart.
When gold looks sick and it’s being insulted but you believe it’s in a long term bull you buy it. Expect it to break down and rinse people. It happens at nearly every major turning point. The only think I’ve do is look to take some profits and shift gold stock gains to bullion
When at an extreme for stocks away from the 200 and 50 dma. Then when when we inevitably get a down turn. Look for a two wave down retracement to a major moving average hopefully around an important Fibonacci. 618 or 786. Call it close enough and reload or rebalance
I keep core holdings in the major gold etfs. I believe in Sprott physical gold and silver products over others because I reviewed the auditing process while at Sprott. The gold is all owned and present.
Other than that I like to try to get a bit more torque with a few names. Today my favourites are $mpm.v because it’s in one of the safest best mining districts in the world. It’s going to grow into the millions of ounces. The economics are great with the current gold price.
It will only get better with time and I can see that management knows exactly how to build this company up and either produce for profit or sell to a larger gold company.
The other is $mno.v which is going to prove to be a large highly valued gold/copper district.
The other is $mno.v which is going to prove to be a large highly valued gold/copper district.
Proven value once again.. so I know it’s going up regardless but it’s got massive blue sky as it funded to drill to expand and upgrade its know resources while exploring its huge land package. Copper/gold plays will be highly valued by many majors going forward.
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