Thanks for the detailed reply Marcos. I’ve got roughly 58% of my NW in real estate, the rest in stocks. RE:”where's your exposure to gold?”, well I have a weeny bit with TWG, but that’s it. I asked a few of you via PM back in April for ideas on which GOLD stocks would be good to get into, and I got some excellent ideas, but I am admitting that I didn’t act on it, except for setting up a portfolio to track their progress. SUF has done better than most GOLDs over this time span, lucky for me. You are right though, I see it now, that I need to diversify a bit more out of SUF. It’s just going to be hard to do, as unfortunately I’ve fallen into the trap of falling in love with a stock. Happened with WSP too, and others before it. I will wait for while though, I can see SUF at 9 in the next quarter, and with the volumes in the last week being higher than normal, the upside is looking more likely. I can see 7.40 being hit tommorow.
Back to golds, ELD Eldorado Gold looks good to me now; I did a bit of digging on it for a friend today. I would want to buy a company that has share price over 3 bucks for access to margin purposes, though its not vital if the value and upside is there. XCL and NGT have been tossed around abit here. I will try to find tome to do my DD on these. The report on XCAL, where they said” The authors of the report express the opinion that "the Sleeper District is a very exciting exploration project with a multitude of outstanding targets waiting to be drilled". They recommend a phased program of 3 years and a US$10 Million budget, with the objective of "several 1-4 Million ounce gold orebodies". “ just caught my eye. It may take time for this potential to be added to the share price though. |
