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To: Jacob Snyder who wrote (12881)	10/1/2013 4:09:25 PM
From: Jacob Snyder	1 Recommendation Recommended By Return to Sender Read Replies (2) \| Respond to of 13403

GORO bot @ $5.91, 1% of stock portfolio. For new positions, I'll be posting my position as a % of my stock portfolio. GORO is a volatile small-cap gold/silver miner. They operate one mine in Mexico. No debt. 5.3% dividend yield. The dividend is tied to the price of gold. Therefore, this stock is a leveraged bet on the price of gold. Going long this stock, is like buying a call on one of the large-cap miners, with the crucial difference I get paid to wait, and the call never expires. If gold bounces right here, it's a double bottom with the August lows, and I'll probably double my position. If the sell-off continues after today's sharp decline, I'll double up if gold retests its June lows.