Ed,
Sounds like you've got your act together. Your strategy sounds solid and should yield positive results.
For the past 3 years, I've been keeping a active list of
Gold stocks that, if I had a $1M I would spread out across the
lot.
They are AEM, AU, HM, HL, NEM, PDG, SSC, GOLDF, PAANF, Normady Mines of Australia, GGO, GLG.
I have also speculated lately on BGO and a small but potentially 10 bagger called Silver Eagle Resources (SER.V).
I feel that when the Precious metals Market turns bull, all of these will move upward. The ones that will move upward the most,
whether they are Juniors or Seniors, will be those companies that have not engaged with 'forward selling' much. Most foreward selling has been set around the $375 to $400 mark; so if the price of gold
moves beyond the $400 mark, then these companies are locked in and will not make the profit margins of those who have not forward sod.
I know most of the junior have not forward sold, so as a grouping, I like them best.
Now, for energy/energy related stocks, you mention that you are taking profits here. Is this because you see a correction or
fall back in these stocks? I own a lot into the Invesco Energy Fund and Putnam Natural Resources Fund. they have done very well in the past year and I was recently wondering if I need to park this
money elsewhere. What do ya think. Thanks, Marco |
