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Greg McCoach explains why now is the time to Invest in Miners

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November 23, 2011


Al and Greg McCoach catch up at the 2011 Silver Summit and discuss why precious metals are still a great investment despite the turbulent markets.

Mr. McCoach’s years of business experience and extensive personal contacts in the mining industry provide unique insights that have generated an impressive track record for The Mining Speculator since its inception in 2001.

For more information please Visit:
http://miningspeculator.com/

Discussion
22 Comments
    Nov 23, 2011 23:36 AM

    Hi Al & Roger
    This is from Mineweb interview with Chris Thompson.

    Whats your take on this. Is there any point in investing if its going down medium to long term?

    TGR: You suggest the near-term price for silver will be around $38/oz. But, your long-term price drops to $20/oz. Is the lack of industrial demand behind that or are you just taking a very conservative approach?

    CT: We are taking a conservative approach. We are looking for a weakening in the silver price into the medium to longer term. Anyone who suggested a long-term silver price of $20/oz a couple of years ago would have been called very, very aggressive. Now, a lot of commentators are predicting $20/oz in the long term. My sense is that $38/oz is a healthy price for silver in the near term, as is $20/oz as a long-term price. These prices will, in time, contribute to new mine production, which will contribute to new mined supply. Increased supply will depress the price of the metal.

    Nov 23, 2011 23:25 AM

    I was a subscriber to the mining speculator for a year ($79 I think) and have to say it has a Shocking track record. Always pumps his stocks but many have dropped massivly Acadia mining, Action minerals, Metalcorp and his never ending love affair with Polymet mining. He was telling his subscribers to buy all the way down.
    A very financially dangerous commentator with a prove track record for any inexperienced inestor.
    I researched this guys picks going back around 5 years and still keep an eye on the odd pick.

      Nov 23, 2011 23:05 AM

      I agree with Douglas on most of the above.
      I had to write a strongly worded email two months ago as he was not providing regular reports this year (unfortunately I paid up for 2 years to get a discount and will not be renewing)…….particularly absent during the initial market mayhem.
      I did invest in some of his recommendations when I ws new to the subscription and am nursing serious losses (even before the Summer crash!)
      Unlike Al, he does not disclose when he is buying and selling so one can be forgiven if you get a touch suspicious of some of the calls he has made.
      As far as Polymet goes …..great asset, and a good call in my opinion;its not his fault that the Minnesota/Federal government does not want to create jobs……I still believe in the company and the sooner the State/environment and Federal agencies get into action (and provide the development permits) this baby will fly.

      Nov 23, 2011 23:44 AM

      I subscribe to the MS too, and I’ve done well with PEZ, SVL, EXS and RRI.

      Sure, some of his picks flat-line for a bit, but don’t all junior miners hit the doldrums from time-to-time?

      The key to MS is, dont buy when McCoach names a new recommendation, because a lot of investors start piling on right away. Give it time and the share price almost always retracts.

      BTW, does any subscribe to Chris Vermeulen’s “the oil and gas guy”?

      Any feed back on that service?

        Nov 23, 2011 23:49 AM

        Whups, that was “the gold and oil guy”….

        Nov 23, 2011 23:35 AM

        I agree with your comment on timing re new recommendations. However he tends to write bullish comments too often then forget he wrote it (or he appears to anyway). The yukon top 10 and Taku in particular was a classic case. It makes one wonder what is going on. Goldcliff (GCN) ran out of money a few months after he recommended them……makes me go hmmmm! for sure. I would respect his picks more if he wre as transparent as Big Al. Heck big Al gets nothing from me for his hard work, yet I paid Mr McCoach.

          Nov 23, 2011 23:15 AM

          GCN…a timing issue.

          I picked it up last summer at 0.06 and then sold at 0.09.

          I just got in again at 0.05. One good PR and this thing will move a few pennies. Then I’m out.

          The “Yukon List”…..with exception to a couple of JRs that whole market is down, probably due to weather conditions. So, it is what it is.

          On the other hand, a lot of those companies are trading below 0.10- buying opportunity????

    Nov 23, 2011 23:19 AM

    HAPPY THANKSGIVING to all……………….you too IRISH,.. tell the queen mom we
    will sending her a turkey, by the name of Obama… ,wait that would be an insult
    to the turkey….you go ahead and name it in Al’s honor….maybe that way, he could get an interview with the queen .

    Nov 23, 2011 23:21 AM

    Al:

    Having dabbled in some tiny producers, junior miners and moose pasture companies without much success (understatement) and given the fact that only a very few are ever bought out,
    would it not make more sense to invest in the quality large companies such as GG and ABX and others who are sitting on large hoards of cash, have little or no debt and use their expertise to evaluate which juniors have the greatest potential to replace their reserves, are low political risks and who are best able to to sort out the sheep from the goats and who can cash out those Juniors quickly that are excellent values.?

      Nov 27, 2011 27:42 AM

      Dai Uy,

      I’ve learned over the years that investing in the junior explorers is a recipe for disappointment and disaster. The 10000% gains are few and far between and the timeframe for those gains to happen can take years to develop. An example of this is Goldrea. Larry Reaugh and company have been pushing this stock for years. Disappointment after disappointment and they still haven’t made it to a full-rate production yet. I lost huge on that stock. That experience taught me a lesson.

      I rather invest in junior producers who are already in production and are expanding production in the next 12-24 months. They might not get the huge gains as the explorers, but I don’t have to worry whether or not they have enough pull to finance their next drill program (which might or might not hit the motherload) . One company that I like that fits that profile is Aurcana Corporation. I bought that company around a dime a couple of years back banking on them getting their Shafter project to production. 6 months from now production will start. And I have a 500%+ gain on my shares and as the company nears production I only expect those gains to increase.

      I’m not a fan of the big producers as their growth profiles are usually going down and I don’t get as much bang for my buck.

    Nov 23, 2011 23:35 AM

    Yeah, I’m just not a believer in these mining stocks, levels are low
    AND still only going lower.

    You can’t connect PM prices to stock prices even remotely anymore, and I wouldn’t trust the majority of newsletter writers who are always about the NEXT big company. The last one is of course, long forgotten.

    If this is what junior stocks do during a 50% move in gold, what’s there to look foward to?

    Nov 23, 2011 23:51 AM

    An afterthought to my previous post. The large gold big boys also enjoy huge lines of mostly unused credit and enjoy large silver plays as well. GG produces about 31 million mostly unhedged silver ounces annually; not sure about ABX

    Nov 23, 2011 23:02 AM

    Hi Jerry (O^OTB),
    That’s pretty funny. Liked it.
    Superdobbs, I agree with you on MS. I have been a subscriber for about 3 years, up until this last renewal. Had to drop it. My take is noone can accurately forcast market events related to timing in this crazy era we’re living in. Going back several years and watching the history of a stock can give you a better entry point if you have patience to wait. Also tracking past histories of some other newsletter writers who put sample copies up on the net from a year or so back. I have used those to get some great deals and have gotten in at much cheaper prices than subscribers who may have jumped in immediately upon notice, as Superdobbs noted. Greg also has a group of select investors, who pay a much higher price for his “special-investor” newsletter. This is his “Premium Group”. They get the news first, and then several weeks later, it goes out to the general subscribers. Then, when they all pile on, the price spikes up, and the premium group can take their quick profits and bail, letting the rest of us holding the bag while the price drops. Does it really work this way, or am I just imagining the worst. I hope I’m wrong, but have become a little jaded. I do like what Greg says and believe he has a good take on the overall situation. He comes across as honest and I like to think the best about him. I’ve never run a newsletter operation, and do know that it’s impossible to make everyone happy, so I guess it’s more live and learn. Can’t go wrong with physical. Take possession.
    Best

    Nov 23, 2011 23:32 AM

    castanheiro….glad you enjoyed…thanks , have a happy thanksgiving..ootb…jerry

    Nov 23, 2011 23:57 AM

    As private investors we are in a tight spot with exploration PM stocks. We dont have the time to do all our own research so need expert newsletter writers to point us in the right direction. If you are not a Geologist, then there is a gambling element to our stock purchasing decisions. For the last year i have moved to junior producers. In this scenario you can assess current earnings against current price and use PE to judge whether the stock is cheap. The upside comes from Future profit increase from growing production but more importantly, the rapidly increasing PM prices. In this case its not just an educated punt……if PM prices continues to rise, these companies will make an absoloute fortune. Alexco and Fortuna are examples. I have changed my strategy for sure, hence MS is of no use to me anymore.
    Happy Thanks giving to you all.

      Nov 27, 2011 27:50 AM

      Newsletter writers are still living off their glory from 3+ years ago (when bank financing was easy to obtain). Now when banks aren’t putting their money into risky assets, the newsletter writers can’t predict anything. They now make money off of promoting stocks…which I must say is a very lucrative business (see Peter Grandich and how much he makes just off of promoting stocks (with the monthly payments and stock options from the companies).

      Your investing style now Hemal is the way to go. Buy Junior producers and live off of the increasing metal prices and future production.

    Nov 23, 2011 23:39 PM

    Greg nails the basics here all the way around. Have faith in the basic course of action (if you don’t, why are you on this website?), bravely buy the dips, hold your core position, and be patient….

    Rob
    Nov 23, 2011 23:59 PM

    I found mr MsCoach pretty arrogant with his repeated statements that we get QE3. As if it was already baked in the cake. Well, it is not we can conclude. If may come, it may not come, or much later than thought. To be honest, I don’t like these “I know it all, so called advisers”.

    Nov 23, 2011 23:33 PM

    GM news letter is a huge waste of money, I can pick twenty plus stocks out of a hat blind folded and have as much luck as he does

    Nov 28, 2011 28:33 AM

    Newsletter writers offer introduction level advice.
    Hermal is correct in his assessment,IMO.
    However,I disagree with any endorsement of Fortuna for the way Continuum was treated when San Jose was acquired.
    That was very sad,in my books.I sold all my Fortuna shares at rock bottom levels
    when that transpired.
    I would not buy the company or recommend them to anyone,rather,I would ask them to research how San Jose was acquired first instead.

    Jul 05, 2012 05:07 AM

    This is good site, bedside gold mine stock good site.
    http://tamakagold.com/