An outlook on the S&P and gold
Today with Rick we revisit his technical outlook for the US markets and gold. Please remember to email us with your stock questions for Rick.
Also we will be addressing and sorting out the comment section throughout this week. Please remember to keep your comments to the relevant investment theme and do not go after anyone who is sharing their thoughts. We really want the blog to be a welcoming place and recently it has not been.
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Off topic, but important! Hillary is toast!
Chartster, The Pope has done his due diligence and he realizes that the right thing to do is to endorse The Republican nominee Donald Trump.
I agree, DT. And read his statement! WOW
Now Big Al can’t say on his program that nobody wants either candidate, Trump or Clinton.
But Big Al can say that a lot of people don’t like Hillary Clinton, I haven’t heard that one yet, but Trump sure got stuck with that label from both Al, and Cory.
Trump really nailed it when he gave his acceptance speech on the final night of The Republican National Convention.
DT,
I think that article about the Pope was a spoof. ( dangit )
In choosing Trump, he has rejected God’s Word. Not surprising for the pope these days.
Would you follow the TA to FA advice from a person that can’t tell a FAKE story from actual reality? Not me.
You never got advice, Brian.
It’s baloney. Do us the favor of checking stuff out before you post.
Do your self a favor and check it out your damn self!
Great to hear Rick!
in regards to all the non relevant posts.
maybe start a separate tab / page
Call it the “RANT”
Use that as an open page for all the garbage talk.
Not a bad idea at all Tony. I will be talking to our webmaster to see if that is possible. It would be even better if we all could just stick to investment themes. We are working on cleaning up the site and a couple posters this afternoon.
Thanks for your suggestion.
The above discussion is an example.
It is a FAKE news story.
http://www.snopes.com/pope-francis-donald-trump-endorsement/
Maybe you can add an “Ignore This Poster” button
Good news Cory.
It might not seem clear to you where the problem lies. In which case I would suggest, go back and scan the comment threads a while back when Trader Jake/Heavy Hitter gave us a break for a while. Likewise, after Birdman left in a huff with ugly comments about Big Al, and before he slipped back in as Farmer in Canada.
+1 That sums it up GH. Great suggestion.
One of the most peaceful times on this blog in the recent past was when there was an extended power outage in Africa. There was also that really nice stretch before he returned again as “A Listener” after being run off the site for bad behavior last year. It’s pretty obvious.
Hello everyone,
I feel compelled to step in at this time. Being open, this is my first post on this great site and I’ve been a voracious reader of the comments and advice being shared by all members for quite some time now. I do enjoy some light-hearted banter, but, admittedly, it does grow tiring having to listen to the prolonged negativity.
From a constructive perspective, I have thoroughly enjoyed the insights and proposed opportunities presented to listeners. While risky to mention specific names for fear of possibly insulting/disrespecting other contributors, I have personally appreciated coverage offered by Excelsior and Matthew.
I do not have lots of money. I believe in the bull precious metals market. I also do think there’ll be a reset of some magnitude in the future. Until that time though, I’m hoping to leverage this site and discussion threads to learn from others and gain the knowledge neccessary (or tips from the more informed) to amass a bit more wealth while I’ve got the chance.
It’s sad to read that CFS and others have considered abandoning guys like me. I would sorely miss their value-added insights.
That being said, for me, many stocks are mentioned (which is great for the purposes of this site), but too many for my puny bank account to consider as well as too numerous for my capacity to effectively perform significant due diligence.
I would love to see a shortlist of no more than 10 of the most promising junior and/or mid-tier companies that I could focus on going forward (recognizing that it’s not intended to be investment advice).
Maybe… We could identify a proposed list of stocks that could hypothetically be used as an Average Joe’s portfolio of 10K? We could even have another group listed as being higher risk-higher reward , and possibly even an envisioned timeline for shorter/medium term (for gains within 6 months to one year) and a separate longer-term portfolio taking us out to 3-5 years??
If we return to basics and focus on investment opportunities, then I personally believe we have a value-added winning strategy on our hands!
Thanks in advance for reading and considering my posting.
Canuckski – Thanks for those thoughts, and I too am sad to hear CFS may leave, but I’m pretty sure he’s now DFS. DFS showed up when CFS left and has his same disdain for Hillary Clinton, and interest in PGM group miners and he knew who Robert Friedland was. 😉
As for your comments on the targeted lists of around 10, it’s an interesting idea that we’ve tossed around before, and personally I do try to think along the lines of a dozen Silver companies and a dozen Gold companies I’m most interested in, but I am trading in an out of different ones all the time as dynamics change. Mining stocks are very risky, and very volatile, and it is a very difficult business model to pull off profitably.
If someone had a “average joe” portfolio, and didn’t want to delve through all the different companies than my personal recommendation would be to buy mining ETFs or the Funds like: GDX, GDXJ, SGDM, SGDJ, SIL, SILJ, GLDX, TGLDX, and USERX
The next ones that come to mind that are less risky, would be the streaming companies Franco Nevada, Royal Gold, Silver Wheaton, and Sandstorm Gold. They have such a large umbrella of streams, royalties, shares in companies that they’ll be able to weather the storms if a few of the assets don’t work out. Because of this multiple prong approach, the streamers are likewise more limited in the amount they can go up based on an individual success as well (mine improvement, exploration results, new discovery, etc….). An individual company can pop a great deal more on news flow or a merger than a streamer, but streamers are more solid.
After that it would really come down to a persons investment objectives. As you mentioned it would depend on if you were trying to make short-term trades ranging from intra-day to several weeks, or medium term positions on a general direction, or long term 2-5 year bets on the big picture.
Different companies would lend themselves to different time horizons, and then there are different risk profiles due to unknowns in geology, more exploration needed, management team premiums, jurisdiction pros and cons, currency debits or credits, and tax structures that they companies must navigate through. For instance, some people like investing in Silver miners in Mexico, and some see it as too violent or risky. Some like Peru or Argentina, and some won’t touch them. Some like W. Africa, S. Africa, or E. Africa and some don’t. Some like investing in China or Greece or Turkey or Europe, and some don’t.
Then there are the decisions about what exposure the company has as far as the commodity mix in their assets. Do you want a primarily Gold company, or a Copper company with Gold credits? Do you want a primarily Silver company, or companies that do about 1/3 Silver, 1/3 Zinc, and 1/3 lead? What if the Gold company also had big exposure to Base metals at their other properties (like a Gold miner, with a Copper project, and a Moly Project)? There’s a lot to consider.
Any individual company is far riskier of a stake than a basket of companies, because often problems arise from seemingly nowhere, and can throw a real wrench in the gears.
The Senior more established Majors and Mid-tierms have more of a diversified portfolio of properties and mines, so if they have a problem at one, it typically won’t take them out of the game. However 1 trick ponies can easily have the rug pulled out from beneath them, so they are far riskier. Development stage companies, Mineral Banks waiting for a takeover, Prospect Generators, and Explorers are also quite risky, because most have any number of permitting, environmental, labor issues, country or jurisdiction issues, tax issues, mechanical issues, etc… that can crop up.
Definitely interesting to try to narrow down one’s shopping lists. That is for sure, but everyone is shopping for different reasons, with different risk tolerance levels, with different percentage return goals, and with different time horizons.
Some people will subscribe to a newsletter and let other experts do the picking, and they seem to really get good value from that approach as well.
You have some very interesting thoughts and considerations there Canuckski.
Great post!
it would be very interesting to read what Rick thinks about DRDGOLD which was one of the first miners to bottom last august,it could be use like a perfect canary in the mine (in a positive way).
It also seems to begin to emerge from a VERY long bear market lasted more than 30 years.How high could go this in(famous) stock?
Golden Arrow GARWF up 20 % on massive volume; SSRI may be a suitor.