Thanks for the new picks. I was judging by how well stocks held or did not hold moving averages, possible price apppreciation, and how stable the chart was.
I do not know how to rate the potential risks of the South African miners. That affect does not show up in the charts.
I think I would buy 2 there and split that risk sort of in case there is a difference. HGMCY and GFI seems about right.
You had some stocks that I did not even know about for some reason.
MDG has a nice chart.
stockcharts.com[w,a]daclyyay[pb50!b200][vc60][iUh14,3!Li14,3]&pref=G
Bounce off 200 MA.
RGLD probably the best chart.
Holding the 50 MA
stockcharts.com[w,a]daclyyay[pb50!b200][vc60][iUh14,3!Li14,3]&pref=G
So I guess I would concur.
GG RGLD MDG (these three have no debt, the lowest PEs, the best charts, and least geopolitical risks as best I can tell).
HGMCY has debt/equity of .59. This seems high. Personally I would have to downgrade it because of the debt and geopolitical risk, no matter what the chart says,
TVX has a debt/equity ratio of .42
I really dislike debt so I think I would have to downgrade that but perhaps I do not understand the situation.
I like HL for the silver diversification.
HL just turned profitable but has some debt but as much as HGMCY, GFI, or TVX. IBD rated HL high on everything but TA.
I do not see the problem there at all. The charts of GG and HL seem nearly identical so I can not count for IBD's reasons. HL would be very high up in the metals group without that bad TA rating that I do not understand.
I also like PAAS as a pure silver play.
PAAS does not have much debt to speak of but as of now is not making any profits.
What are your thoughts on the debt issue, Silver if you have any, and the potential risks of South African miners.
I see no reason to buy NEM now, or GLG for that matter, the latter based solely on PE ratio vs GG RGLD MDG. If someone wants to diversify into every one may just as well buy the Rydex +150% gold fund (oops just noticed it is 15% XAU not HUI). Heck that might be a good choice anyway. Know anything about funds like TGLDX or GOLDX?
A very well diversified port (If I get to change) might be ratios something like GG-2.5 RGLD-2.5 MDG-2.5 HL-1.5 HGMCY-1.5 GFI-1 TVX-.5 BGO-.5 The SA weighting combined is 2.5 split into two good stocks giving combined weight equal to the top group at 2.5. (I fully realize I am overthinking this mess but I have started and I am going to finish!) Note this all started out with a question to me about NEM calls and I started to explore other plays instead.
If daytrading, hell just pick any one of the good ones near the 50 or 200 MA for a bounce and see what happens. In a LTBH type of port, with significant $, diversification seems best.
How are you playing this?
What % do you have on gold stocks, and for how long?
If for a long time, congrats.
Do you have a target or timeframe on price of gold?
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