Seems like markets could be in for a rough time this week. Interested to hear if anyone is looking at specific buying opportunities. For me, I have wanted into PLS for a while but missed the boat in some respects. However I now have some more funds available, so if it dips into the 40's later in the week I might look to get in. Thoughts? Anything else to keep an eye on?
Gold stocks for me. If we are having serious rate rise jitters ahead of Sept FOMC we are going to see gold down and stocks down together. If sentiment turns genuinely sour then gold stocks are going to get hit really hard. I'll be keeping an eye on NCM, NST, SLR and will be buying fear if I see it in those stocks.
I got in this morning... it became pretty clear to me it wasn't going to go down much further. Quite an exciting rally today really after the doom and gloom of Monday. I also have BGS and that had a good day.
I was on last Thursday, AGX, AHQ, ESR, ERJ ..... blah blah alphabetical order etc blah By Friday AGX +317%, AHQ +160%, ESR +47.1%, ERJ +46.2%. Yesterday I put my home, my super and the kid's piggy bank on FYI (+39% today) AJJ (+36% today) and MZN at a lazy 35.6%. Perfect move, in hindsight. What's everyone on tomorrow?
Any good PM mining stocks on the ASX to buy now? I want to get some now. Any tips would be appreciated.
Thanks, I will check them out. I was going to buy some NCM shares because I got no big mining companies in my portfolio. May still do.
That's the ticket. I will be buying more Northern Star (NST) if I get a tempting price. Not sure that will be today. Might even chase it up if it looks like getting away. Produced 561k ozs in fy16. Like it in the very low $4s, but small chance it could break support there and be buyable 3.00 - 3.50. Current price $4.48. Just my notions. NST has no debt, $326m of cash and bullion at 30 June, brilliant management (so far), has been finding more gold than it mines. Finding gold in and near mine at low cost (about US$50/oz to find and bring into reserves?). Pays a dividend Others I would look at: SAR, RRL, EVN, OGC But I dont know what price I would buy them at; have been focusing on NST Good luck, because gold mining stocks are the most treacherous of waters. That's why I'm going for relative safety of no/low debt, 'proven' management, high ozs at good margin, increasing reserves and in Australia. Deviated from this when I bought DRM.
Thanks! I like all that about NST too! Just what I was looking for. Decided to just buy some NST shares today at market price rather then wait for a drop because I bought these for the long term. A decade long bull market is what I reckon
I have KDR also. Has been going in the right direction. May be worth a look but do your own research please.
Now for getting some silver mining companies on the ASX. Which of these is best long term outlook? Any opinions? Cobar Consolidated Resources Limited (CCU) Silver Mines Limited (SVL) Alcyone Resources Limited (AYN)
CCU went bankrupt and delisted 2 years ago. I had a small parcel of them lost the lot so cross CCU off the list!