I don't really here about silver and gold miners other than what's on the ASX on the forum. Just wondering if anyone else dabbles on the TSX or any other markets for that manner? I have a couple of small investments in USA silver (TSX: USA), Excellon Resources (TSX: EXN) and Novo Resources Corp (CSNX:NVO) and a few other that I'm watching and hoping to get in on when silver/gold starts showing some signs of life. Would be interesting to here others thoughts on mining companies outside of the ASX.
So just buy physical gold. Miners hedge, if they hedge low and the price goes up your stocks are stuck in third gear. You can always sell a lump of gold for spot. Think about it...what is the trend for metal? Up or Down? You want to buy into gold stocks when the market is heated??? When the market is hot and it drops it will take down metal stocks too but they will rebound quicker than other stocks imo. This is a time for cash and for those folks who are full of metal to wait for bargains. Be cashed up and wait! DYODD H
Would be interested to know as well since I'm in Canada. Though the TSX is showing signs of weaknesses, especially for the resource sector.
I'm looking more at long term investments that would benefit from a rally in gold and silver prices. Junior miners that have quality assets and a good balance sheet given the current climate. Companies that have a cheaper break even price by having their mines in Mexico etc.
