Investing

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

  • Last Updated:
  • Oct 11th, 2020 8:13 am
Tags:
None
Deal Addict
User avatar
Oct 14, 2015
1160 posts
803 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
Please do not take action on anything I mention on RFD.
Jr. Member
Apr 15, 2010
113 posts
75 upvotes
Let's get an update in this thread. Assuming a recession is around the corner, who's buying Gold / Silver?
Deal Expert
User avatar
Apr 21, 2004
54023 posts
18972 upvotes
what happens to silver, gold, and miners in a recession?
Deal Addict
User avatar
Oct 14, 2015
1160 posts
803 upvotes
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
User avatar
Oct 14, 2015
1160 posts
803 upvotes
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
1750 posts
289 upvotes
^ I heard that smart money is taking long position in Gold big time .
Deal Fanatic
User avatar
May 2, 2006
7292 posts
1872 upvotes
GTA
Yes, allocating capital to gold miners and juniors. No exposure to silver but looking at some candidates. Not buying physical metals.
Deal Addict
Aug 17, 2008
4323 posts
3466 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.
Deal Addict
User avatar
Oct 14, 2015
1160 posts
803 upvotes
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
User avatar
Oct 14, 2015
1160 posts
803 upvotes
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 Addict
Aug 17, 2008
4323 posts
3466 upvotes
This caught my eye as I'm long FM (First Quantum Minerals). The Chinese corporate 18% ownership stake factored into my buy.

Deal Addict
Apr 22, 2014
3095 posts
462 upvotes
Oshawa, ON
all systems go on gold miners here as of mid December. 100% invested now.
signature removed for inappropriate content

Top