finance.yahoo.com
finance.yahoo.com
finance.yahoo.com
finance.yahoo.com
finance.yahoo.com
finance.yahoo.com
PEs
GG: 32
NEM: 63
HL: Tough comparison as HL just turned positive
GFI: Same problem as HL just turned positive
HGMCY: Same problem as HL just turned positive
ECO: ZIP
GLG: 60
DROOY: ZIP
Hmm what do we see?
Damn near everything outperforms NEM. ECO is debatable
Clear favorites to me are GG and HL. GFI has geopolitical risk.
HL has properties in US Mexico Venezuela (gold and silver)
GG US and Canada
GFI South Africa, but other properties it owns elsewhere worldwide in stable places such as Finland, Australia, and North America
HGMCY: South Africa
DROOY: South Africa
BGO: Russia, Chile, US
My personal relative weights would be GG: 5, HL 2, GLG 1.50, BGO 1, HGMCY 1, GFI 1, NEM .50, ECO (or other), .50
Which adds up to 12.5
If one wanted 12.5% of a well diversified port in gold the above could do it with reasonable weightings to the best charts, the lowest PEs, and the least political risks.
If I had to pick 4 I would pick something like these GG HL GFI BGO
If I had to pick 3 as safe as possible I think I would pick GG GLG NEM but heavily weighted like 5:3:2
Each chart is different and I actually flipped my HL on friday which had bounced off the 200 MA on thursday in favor of BGO which was a day delayed relatively.
Currently have GG calls and BGO common. Do not think gold has quite bottomed but if it takes off I at least have something.
Thoughts on these selections?
M |
