patrick.net
An Antidote to Corporate Media
1,364,884 comments by 15,737 users - HeadSet, TheAntiPanicanLearingCenter online now
« First « Previous Comments 10 - 12 of 12 Search these comments
Done
@
2014 Jul 7, 2:58am
Technically speaking, since the big move XAU/USD (daily charts) on 6/19 of $45+/- there was actually a confirmed sell signals 6/25 and 2 supporting signals on 6/30, 7/3 that you made the right decision based on daily. Simple odds of either the technical or fundamentals are not on gold breaking up from the down trend in any meaningful way.
Done
@
2014 Jul 15, 1:19am
Between yesterday and today's price action in gold/mining co. are these still at a speculation buy price point?
I don't know about exact price points. I'm not really a trader. I'm buying them because there is no other answer to upcoming future economic crises except gold/silver/natural resources.
« First « Previous Comments 10 - 12 of 12 Search these comments
I wanted to start a thread about interesting gold/silver miners.
At this point, you either understand gold or you don't. If you're ignorant/stupid enough to fall in the latter camp, then I truly feel sorry for you. But then again, you probably have a rosy view of the world, so maybe ignorance is bliss.
Anywhoo, I've started to jump into a few mining stocks. I'm using my employer-based retirement fund money--which is going to be confiscated anyway in a few years in order to pay down our debt--so I'm open to taking calculated risks.
I've bought:
Yamana Gold (AUY)
Goldcorp (GG)
Agnico Eagle Mines (AEM)
Virginia mines (VGMNF)
Pretium resources (PVG)
I'm not a seasoned stock picker, but a few of these are currently owned by George Soros, so that's a good start as far as I'm concerned. They seem to have decent fundamentals with a limited downside and a huge upside.
If anyone has other recommendations/critiques/etc, post them here and let's get a discussion going.