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Msg  224736 of 229366  at  10/17/2020 9:27:58 PM  by

Sailing2

The following message was updated on 10/17/2020 9:29:10 PM.

 In response to msg 224729 by  rubegoldberg
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Re: This board has become a waste of time due to politics

 
Thanks for your response, rgb, and touche!  You're right I should be contributing to the board not just lurking or complaining. The first obvious way I see to do that is to share my approach to the PM market and what I own, all FWIW and what you pay for it on a slow weekend.
 
I'm from the Traderjacks TA school in that I will rarely buy or sell a PM stock without consulting its chart first, and I tend to swing trade the more liquid producers or near-producers which are listed on major exchanges between zero and full positions for blow off tops vs major pullbacks. In that category, I presently own modest positions in AG, AXU, ASM, CDE, HL, LODE, NG and SILV, waiting to see when the current correction will end.  I have about 40% cash to put to work on the next leg up.   I've owned Fidelity's gold fund, FSAGX, in size for many years and never trade it.  I also own the SILJ ETF.
 
I have trouble sorting the wheat from the chaff in the explorer/developer category and use two newsletter writers to help me, Jordan Roy-Byrne (The Daily Gold) and David Erfle (Junior Miner Junky) and find both helpful.  I generally don't try to trade these names due to large B/A spreads and lower liquidity and I try to weight more to the silver side than gold. I like to own more names in relatively "safe" regions like Canada and the U.S. and fewer in say Argentina or Mexico.  I do worry about Mexico becoming a failed state eventually, especially with AMLO in charge. 
 
Currently I own the following, mostly in roughly half-position sizes: ABBRF, AAGFF, USGDF, AUNFF, BBBXF, DSVMF, DOLLF, ELYGF (a royalty company), FIOGF, FSXLF, GAYMF, ISVLF, ITRG, KOOYF, LOMLF MGDPF, MXROF, MAIFF, ORZCF, NKORF, LRTNF, RSNVF, RIOFF, SPAZF, SMTTF, TDRRF, WHGOF.
 
I suppose some would say having such a large basket guarantees mediocre performance but my experience is rising gold and silver prices tend to float all boats higher and I'm hoping there are at least a few bigger winners in that list.
 
Finally, I try to follow the dollar as an important influence on the PMs, and at what seem to be blow off tops (e.g. early August) I will buy hedges in the form of DUST and ZSL. I would like to own some AGQ but its high volatility has made me cautious with it.
 
I hope this is somehow helpful to someone reading this board.  And I very much appreciate the contributors here who provide useful information about the PM stocks, including their approaches and what they own.  GLTA, S2
 
 
 
 
 
 
 


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