SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Strictly: Drilling II
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Nelson958 who wrote (4739)12/1/2001 8:12:40 PM
From: isopatch  Read Replies (1) of 36161
 
Nelson. There are a variety of picks among the group

on this thread. Some prefer the micro cap explorers and juniors. My favs are the sm, mid to large established plays. What's best for you depends upon your risk profile.

But as you addressed the question to me, here's where my money is:

GG, where I doubled my holdings the beginning of this week is my #1 pick in the sector & largest position. They have a large new mine coming into production in Canada. Substantial reserves. Relatively low production costs. Excellent balance sheet. No hedges. It's a jewel.

Next largest position is NEM CV PR for income, melded with a small NEM long dated option position that I trade the swings on. (Note on options: Remember, I'm a pro. Option trading isn't appropriate for the average investor or one new to the golds). The preferred alone is a nice income producer. But has been moving up nicely in price during the past several months in spite of an overall decline in gold stocks.

KGC is a moderate size holding. It's a low priced stock that's sold off somewhat more than the rest of the group and is lagging a little in the rally that just begun. I think it will run once gold advances further. Several major contributors on this thread own the stock and have large positions. I'd recommend that you look through recent weeks of posts here and direct further questions accordingly.

AEM is a sm/mod size, recent buy I last traded in the Spring rally. Like GG, this mine is rapidly increasing it's gold output. Their most important operation is the large expansion at their LaRonde Mine in Canada. Mgt recently took important steps to significantly improve the balance sheet by reducing debt levels. No hedges.

KRY, a small position I've had mid-summer, is a small cap with current profitable mining operations in Venezuela. In the past month or two it's been the strongest performer in the group. I have a significant profit. But @ $1.92 on Fridays close, it's nearing resistance in the $2 area. KRY is pressing it's claim to develop the large La Cristinas property near their existing operations. Outcome is uncertain. However, a successful outcome would be very bullish.

Hope that helps.

Isopatch
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News