Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

STOCKTALK

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.

Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rarebird who wrote (41418)	3/5/2013 10:11:30 AM
From: ItsAllCyclical	5 Recommendations Read Replies (2) of 48092

I like you posting here, but I take a few exceptions with your post. >> All I hear is how these stocks, which are already selling at record discount levels (look at Gold/XAU Ratio), are headed lower and lower and lower into oblivion. << You can believe things are heading lower, be long and also believe they are not going to head to oblivion. Even Zincman who is probably the biggest bear here believes CKG may head to $4 again. That's not oblivion. Gold at $1,000 or 1,200 or 1,400 is not oblivion. >> The junior gold miners are not going out of business. << Actually many of them are or will be with a protracted range on POG thru 2014. Majors are not buying and mid tiers are buying very selectively. There is a lot of junk out there that needs to go out of business. Many countries that were previously mining friendly have gone the other direction and very few in my mind are going the other way. Hugh Henry is for the most part correct on buying mining equities. That said I see opportunity as well. I'm selectively buying or rotating into higher quality plays. But I also think new 52 lows in POG are more likely than bottoming here. The stocks appear to be leading. I don't think playing who's the biggest bull serves any purpose here. Mining companies have been very poorly managed in general and the industry shares a good deal of blame on why prices are back to these levels.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next