Ed. note: Here is another installment from longtime reader Myron Martin. Myron has agreed to our trading restrictions (he won’t trade the stocks he mentions for three days), but we have not reviewed, approved or screened his stocks or ideas, and the opinions he expresses are solely his own. Myron’s past commentaries can be seen here.
Hello again fellow Gumshoers and thank you for your strong support. Now that the three-month trial period has been successfully navigated I am looking forward to refining my column month by month in accord with your valued feedback, so let me explain a few crucial issues you should be aware of that influence my decisions on market coverage.
Of course it would be impossible to please such a diverse readership 100% of the time, in all aspects of what I choose to cover, but I am confident followers will not only make good money, but most importantly become better investors over time, even as I continue to learn myself through all kinds of market ups and downs. My original premise, based on my own considerable success in junior miners in particular, was to share my insights and stock picks to shorten the learning curve for novice retail investors, and like the original Gumshoe premise, not get roped into buying expensive newsletters based on a lot of hype. Having already been through that phase, my next premise was letting fellow small retail investors in effect “look over my shoulder” by sharing stocks in which I am putting my own money, so I have “skin in the game” personally. Alas, I must confess, with the depressed markets of the past 18 months to two years, there are far more bargains out there than I have time to evaluate thoroughly, or capital available to take advantage of those I am most positive on. Being forced to be selective myself is why I offer you a selection of stocks in different sectors to put on a “watch list” as well as a few profiled immediate buys. Most months I have two dozen “potential buys” on my watch list and only manage to buy an average of two or three, and you might well find yourself in the same situation. By taking small stakes in promising companies you can add to your best picks as developments and market sentiment dictate.
While my primary focus of research is still precious-metals ...