Friday File, part two: A Look at some Goldies
by Travis Johnson, Stock Gumshoe | June 9, 2017 4:30 pm
An increased allocation to gold royalty companies for my Real Money Portfolio, including one new royalty stock
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Source URL: https://www.stockgumshoe.com/2017/06/friday-file-part-two-a-look-at-some-goldies/
Dou you have any comments on Eric Fry’s recent teaser regarding a royalty company? Thishttps://pro.oxfordclub.com/p/LAUNCH2195PAVLTOXCMALIUP/EPAVT605/?email=%7Bemailaddress%7D&h=true&h=true is the link to the video interview
Haven’t looked at it yet, but it’s on my list — thanks.
Travis re: First Mining (FF), while I don’t have the name at my finger tips, I am sure that a lot of the selling pressure that drove the price down from the mid 90 level was a large US GOLD FUND trimming their large position.
Thanks Travis. It seems the economic world is feeling less stable. This helps me decide where I want to place my chips.
Carmen
Have you checked out NYSE Gold Star, GSS Travis? http://www.gsr.com/investors/news/news-details/2017/Golden-Star-Announces-Repayment-of-Remaining-50-Convertible-Debentures/default.aspx .
Thank you so much for this in depth analysis on gold and appreciate you sharing your own purchases with us. After a few years of daily reading and understanding this mega debt crises, loss of faith in fiat currency, not being a “day trader” I can find no other investment that appeals to me now that I’ve dumped all Real Estate investments at height of market other than gold related investments. I think we are in for one hell of a global crash and see no better safe havens than “classic gold/silver” doing what it does best, preserve wealth via physical possession and/or make a rare killing in gold mining/Royalies which comes along only a few times in a century. I think that time starts NOW. Great recap, I own much of what you do and may add some of your current new flavors. Looking at the 2008 track record of stock market crash yet the 240% increase in GDX and knowing this time the FED too broke to bail out any Big Six Banks nor lower interest rates significantly AND a worldwide shortage of physical gold…………well, this all seems to be setting up very nicely for those prepared. Warren Buffet doesn’t have near a hundred billion dollars in CASH for no good reason as he knows what’s coming and I personally see the USA falling into the same trap as Japan has over past 2+decades so still see gold as best bet even VS cash and jumping back in to buy good companies at dirt cheap prices because they are way over priced, so you’d be buying these stocks a true current market value (less FED intervention) and this time after crash……….well based on many factors, including demographics I see USA as being a giant version of Japan and do not think many stocks will rebound so quickly if at all and even then………..Japan………25 years and still “waiting” Gold will be an historic financial savior and story this time and all this from someone who is NOT a gold bug and owns no physical gold.
Wmikemarshall GREAT COMMENTS! My 2 cent, best hedge is having in your possession are precious metals, gold and silver , in gold 1/10 th oz. coins and silver 1 oz. silver rounds 1 oz. silver dollars of current years.
I hope things are not terrible, but I do see risk and want to be ready if we get a crash.
Hopefully we won’t stagnate as much as Japan has, our saving grace in comparison to Japan has been an openness to immigration and new Americans that helps to grow the workforce and counteract the stagnation of an aging society… but that now seems in danger, too, as folks wish to close the doors. We’ll see.
Hi Travis–do you have any comment on Jim Rickards’ headline today: Tomorrow afternoon a massive shock will slam the gold market? What do you know about this? Many thanks!
Any idea what happens tomorrow (June 16) when GDXJ has to rebalance it’s gold-silver share holdings? Some of the one’s on your list will be rebalanced.
I think the companies impacted are already a bit depressed because of the pending rebalancing (which has been talked about for several months now), so I don’t expect big changes tomorrow or next week. I don’t have a lot of exposure, but Pretium, First Mining and Sandstorm Gold are all probably down at least a little bit because of the fears of what will happen in the rebalancing.
Frankly, I think the fears of the rebalancing are probably overstated a bit in this index-driven world, and the impacted stocks have already overreacted to the expected change. We’ll see, but I’m not making any changes based on the GDXJ adjustments — it might just be that an indexed ETF of small-cap or “junior” miners isn’t ever going to work.
Travis I think you are exactly right. I plan to see if I might do a little bottom fishing in tickers I hold, but don’t expect major move.
Thinly traded stocks will always have wider swings in price and that is why it is very difficult to balance fund without over buying depressed stocks. I expect for that reason there may be some buys for future growth.
it was interesting to see most float up a few % points during the day and then go negative at the close.
Any thoughts on zinc and in particular on ZZOF and the potential for zinc batteries?
New member here. What’s the event of July 28th that being teased as the date when 260,000 retailers will start accepting some kind of crypto?
Was this the last Idea of the Month for 2017 ????
We’ve adjusted the system and no longer formally determine an Idea of the Month each month in favor of moving to coverage of a portfolio. I write about investments that I buy with real money now and cover those, including similar analysis of new investments I buy or stocks in my portfolio that I’m considering adding to or selling. It was getting too difficult to be clear about my opinions when covering stocks that I thought were interesting enough to ‘recommend’ while actually buying different stocks with my own money.