Sandstorm Gold Thoughts
by Travis Johnson, Stock Gumshoe | October 17, 2014 2:02 pm
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Source URL: https://www.stockgumshoe.com/2014/10/sandstorm-gold-thoughts/
Thanks for the update, Travis. Unfortunately, I bought SAND when it was near $9.00, so it’s been a bit of a blight on my portfolio for the past year. I have been thinking of late that I would double my shares to average down. May rethink that now.
Might work out, it’s impossible to say unless you know what happens to the gold price from here — I just wanted to point out the risk from Luna Gold more than anything else, SAND is not cheap enough (at these gold prices) to be fully discounting something bad happening with Aurizon, and I have absolutely no insight on whether the outcome of the special committee’s work will be good or bad.
First bought SAND at a little over $6 a share , & have added to my position every time it fell below $5 ,most recently last month. It continues to languish there- & who knows if it’s bottomed out- but I’m in for the long haul, have confidence in their management, & feel that at these prices it’s a relative bargain.
I sold sand last week. Maybe I’ll regret it……………….. in 3 or 4 years?
Has anyone looked at the Options, i.e., Calls, Puts to hedge their positions? I haven’t really looked into this equity myself.
Update. I looked at the options chart from my Scottrade account, and there are no options trading beyond June 2015 from what I have in front of me. The numbers (Greeks) don’t look very promising 🙁
First off, I’m an absolute stock newbie so if I sound as though I have no idea what I’m talking about……I really don’t! I’m largely here to learn and gain insight on investing ideas. When doing some Googling on gold investments, I ran across some related ETF’s. The ones in question are NUGT and JNUG. From what I’ve read these can be quite volatile and you should know what you’re doing before pursuing them. I’m by no means a day trader nor do I aspire to be so I would invest in these accordingly (money would sit there for however long it would need to within reason). They just seems like to be a bargain now that they look close to bottoming while in contrast their recently achieved highs (within 3 months) could translate into large profits if they were to approach these prices again. Any insight or words of wisdom?
here are BEAR ETFs to consider…
GLL, DZZ, ZSL, DUST
Just pulled up ATUSF Travis. I am going to do some DD on it at these prices. I am sure you are still a fan. Any standout points I should consider. Also you missed a doozy at Wembley.
Fantastic game! Haven’t seen them in person for a while.
I am a fan of Altius and still have a major holding in the shares, the cash flow will be quite solid going forward but I’d guess that big upside depends on iron ore prices recovering enough to get Alderon’s mine financed and, as a kicker, on potash prices recovering a bit eventually (the coal power royalties should chug along almost regardless of coal prices, since they’re tonnage royalties (not price/percentage royalties) and have built in customers (power plants at the mine). I expect it to work out very well over the long term, but as a commodity stock they’re still very sensitive to commodity price sentiment among investors — kind of hoping that they get “blowout cheap” again sometime soon so I can build up my holdings, but we’ll see… potash, iron ore and nickel have certainly been a LOT cheaper at times in the past than they are today, so we may all be fooling ourselves that the industrialization of the world will continue apace, it’s not outside the realm of possibility for those prices to fall much further and remain low for a decade or more. I don’t think it’s likely, but it’s not impossible.