Thoughts from Myron — The ABC’s of Gold Investing

By Myron Martin, November 17, 2013


Ed. note: Here the latest installment from longtime reader Myron Martin. He has agreed to our trading restrictions (he won’t trade the stocks he mentions for three days), and we have not reviewed, approved or screened his stocks or ideas, and the opinions he expresses are solely his own.  Many of the stocks Myron covers are microcap “penny stocks” that can move dramatically with or without fundamental reasons, so please be cautious. Myron’s past commentaries can be seen here.

We have not yet seen the predicted year-end rally in full swing (as I write on Nov. 12th), but the evidence below shows just how good my picks have been in recent months in a generally sideways trending market. In this column I have chosen three precious metals stocks that I believe offer the best long term potential for major gains once the market does turn, so as usual, monitor the market carefully for good entry points using “stink bids” to get the best possible entry prices. You might consider splitting your purchase, in case markets drop further before rebounding, something nobody can predict with 100% accuracy. I have tried to select a broad range of companies in many different sectors over several months, precisely because there is no definitive factor that will tell us when the precious metals hit bottom; besides, diversification is good!

With a very volatile market I would just like to make the point again that while I try very hard to select stocks I believe have near term catalysts to appreciate in price, the more compelling factors are long term safety and strong growth potential. This is why you should not consider my stock picks as just “interesting reads” to be forgotten if you are not initially impressed or have no capital available. Changing market circumstances may provide good entry points, weeks or even months after I have profiled them, which is the reason for the selection of press releases below. While it may seem like a lot of effort to read them all, they may just provide evidence to convince you why they may still be a good buy months after they were initially profiled, even if they did not impress you initially. If it is any consolation, on your behalf, I read more press releases every day than I am passing on to you.

What triggered this line of thought is the fact that gold and silver prices have again ...

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