Investing

Gold/silver and miners...time to buy?

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  • Mar 27th, 2024 11:02 pm
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Deal Addict
Jul 8, 2005
2301 posts
1269 upvotes
What doesn't make sense to me is what I posted above:

"Volume for NUGT (Bull 3x) is 8x of DUST (Bear 3x) in the US.
Volume for HGD (Bear 2x) is ~2x of HGU (Bull 2x) here in Canada. HGD is way above regular volume as well.

Who is correct?"
Sr. Member
Dec 31, 2015
858 posts
234 upvotes
Been looking at FR for months now waiting for a good entry. I didn't think it would increase this early in the year!
Member
Dec 13, 2014
375 posts
145 upvotes
Hampstead, QC
leflower wrote: Up pretty massively on these positions bought over the last 3 tax loss selling days...very large positions...I did sell some covered calls in FR and CDE today...i think we come back off at least 5% likely 10% from these levels very shortly...lets see what the FOMO crowd does next few days.
So far in 2017 my paper pains on the positions I took on last tax loss selling days:
FR; bought at 9.90 vg, 12.97 32%
SSO: bought at 10.97 avg, 14.36 31%
CDE : bought at 8.90 us , 11.69 31%
collected the premium on the covered calls in Jan for additional 5%

will be selling my CDE shortly as worried that Mexico may retaliate vs Trump and buying more SSO
Added to my RY short which is 25% of portfolio now vs 75% miners

I see Aug 2016 highs being broken this year in miners
I see RY below 80 this year.

GL
Member
Dec 13, 2014
375 posts
145 upvotes
Hampstead, QC
miners on fire again today
FR + 8%
SSO +7%

swapped out of CDE into SSO today due to Trump concerns...CDE and any US miner in Mexico may eventually get hit...Phenomenal year so far in these names.
Member
User avatar
Jul 11, 2015
371 posts
195 upvotes
edmonton, ab
time to bring this baby back. As far as gold is concerned, is this year gonna be a repeat of last? seems to be doing pretty damn well these last two weeks,

just as i decided to hit the HGD....... i think its time to get back on the HGU soon though.

http://business.financialpost.com/news/ ... s-outlooks


i love how appropriately gold and tanned the CEO of goldcorp is :P
~You're the average of the five people, you most associate with.~
Deal Addict
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Oct 14, 2015
2116 posts
2515 upvotes
If Ms Yellen happens to say something on Wednesday to spook the metals, I'm a buyer of Franco-Nevada - FNV.

Would love to see a 10% spike down on FNV, but don't really expect that will happen.

Image
Pi$$ing away millions.
Jr. Member
Apr 15, 2010
143 posts
94 upvotes
Let's get an update in this thread. Assuming a recession is around the corner, who's buying Gold / Silver?
Deal Expert
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Apr 21, 2004
58648 posts
24637 upvotes
what happens to silver, gold, and miners in a recession?
Deal Addict
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Oct 14, 2015
2116 posts
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07:22 And so you've got to look long term.
And really, I ignore people who just are fussing the value of a share. I say, look, if it's important to you, one day versus another, you shouldn't be in this business. Go and buy something really safe, like Apple or General Electric. Something really safe. ~Ross Beaty
Deal Addict
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Oct 14, 2015
2116 posts
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Sold all my gold today - June 25 ~C$1,887 per oz.
Still have a bit of silver left.

Now sit back and watch for a month or two before playing in this sector again - if at all.
Will look for undervalued stocks in any sector.
Deal Addict
Mar 16, 2015
1866 posts
339 upvotes
^ I heard that smart money is taking long position in Gold big time .
Deal Fanatic
User avatar
May 2, 2006
8353 posts
2267 upvotes
GTA
Yes, allocating capital to gold miners and juniors. No exposure to silver but looking at some candidates. Not buying physical metals.
Deal Guru
Aug 17, 2008
10989 posts
13539 upvotes
NGT caught my eye back in mid Nov, but I never pulled the trigger Crying Face. A few making minor moves higher today (https://invst.ly/pb765) with DXY down (https://invst.ly/pb777). Something to watch.

Update

I've found the two TA to have had mixed results, so take what you will from this.

Bullish on Newmont Goldcorp Corp
MONICA RIZK, RON MEISELS
THE GLOBE AND MAIL
February 7 at 4:40 PM ET

https://www.theglobeandmail.com/investi ... corp-corp/

February 7 at 4:40 PM ET
Newmont Goldcorp Corp. (Friday’s close $58.52) had a sharp rise from $16.05 in January, 2016, to $46.07 in August of the same year (A-B). The stock pulled back toward ±$30 by the end of the year (C) and then stayed in a large horizontal trading range mostly between $30 and $42 during the past three years (dotted lines). The stock pierced above the top of this range recently to signal a breakout and the start of a new up-leg (D).

Newmont is somewhat overbought and may have a minor correction for a better entry level. There is good support at ±$42, but only a decline below $38-39 would be negative.

Point & Figure measurements provide targets of $49 and $53. The large trading range (dotted lines) supports higher targets.
Images
  • B49DEF4C-A862-47B2-9A1B-7A647967AB91.png
Last edited by MrMom on Feb 9th, 2020 2:31 pm, edited 1 time in total.
Answer not a fool according to his folly, lest thou also be like unto him = Never argue with an idiot, they'll only bring you down to their level & beat you with experience
Deal Addict
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Oct 14, 2015
2116 posts
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At 23 minutes in the video, Jim Grant twists Rick Rule's arm for 5 "high quality" names in this sector.
which I've thrown onto a Performance Chart.

FNV WPM GOLD (US ticker for Barrick) AEM PAAS

I wouldn't touch Barrick for love, promises, or bribery.
I added NEM as it's the only one I own as a result of merger with Goldcorp.

https://stockcharts.com/freecharts/perf ... 6&O=111000

Deal Addict
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Oct 14, 2015
2116 posts
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IrwinW wrote: 10-year total returns and compound annual growth rate
for gold measured in various currencies.

Click for yuge.
Image
Updating this post from another thread,
with 2019 changes in gold price added.

gold 2019.png
Deal Guru
Aug 17, 2008
10989 posts
13539 upvotes
This caught my eye as I'm long FM (First Quantum Minerals). The Chinese corporate 18% ownership stake factored into my buy.

Answer not a fool according to his folly, lest thou also be like unto him = Never argue with an idiot, they'll only bring you down to their level & beat you with experience
Deal Addict
Apr 22, 2014
3097 posts
474 upvotes
Oshawa, ON
all systems go on gold miners here as of mid December. 100% invested now.
signature removed for inappropriate content
Deal Guru
Aug 17, 2008
10989 posts
13539 upvotes
Barrick Gold denies Freeport-McMoran tie-up in the works - Reuters via G&M
February 6 at 7:02 AM ET

https://www.theglobeandmail.com/busines ... the-works/
Answer not a fool according to his folly, lest thou also be like unto him = Never argue with an idiot, they'll only bring you down to their level & beat you with experience

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