I still have a hand or two in the game: 2000 KCN and a few hundred thousand HEG Source: http://mashable.com/wp-content/uploads/2013/07/Dr.-Who.gif
just buy in right now. You know as soon as you buy in, the gold stocks will come to a grinding halt. Do it... Take one for the team
lol. if gold bounces off 1245 and breaks through 1250 in london you're going to feel even sadder than that.
HEG a Rubbish company, mine is a very old holding. A conviction hold you might say. Plus i exaggerated as i didnt check holding, i never look at it - its the pain you see - about 180,000 I think. Very obviously a shareholder miner. My mine servicing company, Sedgman SDM, that was branching out into building gold plants was taken out by Cimic, but I'm wondering if there might not be a depressed mine servicer or two that is gold capable. Gold ready servicers might start to revive if the Oz good bull persists? Just a notion, nothing more. Maca Ltd MLD the only one i have in mind atm - contracts for 3 gold miners that i know of: SLR, RRL, and one other i forget. I'm not in MLD.
Right - and i recently read the half yearly of MLD: they also do some work for Doray DRM and MetalsX MLX. That makes MLD's work in hand 69% gold operations for fy16, and 79% gold operations for all WIH for fy16 and beyond. They are exposed to iron ore however, including an Atlas Iron op. Still making a profit and paying a dividend for H1 however, albeit greatly reduced. Holds cash net of debt. 85c share price now, could have picked up for not much more than 65c a month and a half ago. Chart might well have bottomed but still a risky buy below $1? Jmo Not holding and unlikely to be buying.
Bought BLK at $0.35 when I bought a few others. I think there's a broker target on for about $0.85. Looking for it to make a clear break above the $0.50 level MOY is another I like at the moment too, but it's way overpriced like a lot of junior/mid tears
Triage for goldie holders soon. Sad. AUD could be strengthening Even Grant Williams, a big good bull, is expecting a last final leg down for gold. Clive Maund sees it faltering at the top of a skate board ramp - gravity
I dont know - i seek expert advice Cascading stop profit losses coukd be an issue. Just concerned for all the winners here
http://www.goldsilverdata.com/company/238-Hill-End-Gold-Ltd.html I have a paid subscription though so you won't be able to view everything. Pretty useful resource if you want a quick snapshot of a gold mining company.
Simple pattern during the +4 year bear market. Every time US gold price has had momentum as strong as this recent surge, the price has at a minimum corrected ($150) and at worst had a big leg down. The momentum indicator being the RSI peaking at 70 or above, which it did big time in Feb. Has happened 8 times since Aug/Sept 2011 However maybe its different in a new bull market, if thats what this is. I'm going for a nice firm correction, with maybe a strengthening AUD for extra effect, and lots of holders taking profits in goldies and buyers stepping back.
