Stopped out of Minefinders

After Minefinders had a very quick run in the mining stock recovery (and gold bull market) early this year, I put a protective stop on my holdings to safeguard those returns — that stop loss order got triggered today, actually pretty close to the lows of the day.  In the end, that means roughly a 65% gain in the course of a few months, which is always just fine with me.

Minefinders is still an intriguing company, and the Dolores mine in Mexico looks promising indeed — but while I hold bullion gold and silver as essentially a savings and wealth protection asset, mining stocks are volatile little buggers that I have a hard time evaluating and that can come across very big surprises both good and bad … so in this case, after lucking into a very quick return, I’m happy to give up the shares on this stop loss sale.  I continue to hold all of my other mining stocks, none of which has had anything like the run Minefinders had for the first half of this year … and I will keep an eye on MFN from time to time, especially if mining stocks get seriously cheap again relative to the gold price.

Personal Capital is an advertiser with Stock Gumshoe, but Travis also uses it every day for his personal accounts and finds it invaluable. Here's what he said: "They offer a great (and genuinely FREE) 'second opinion' for your financial plan, but what I love most is their automated financial dashboard -- it will look at all your assets and debts, tally up your asset allocation, project where you'll be at retirement, and suggest ways to manage risk or improve returns. It's free, I think their free tools are great, and I think it's worth checking out -- you can do so here.
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