Gold Mining Stocks

[rcw1]

I don’t seem to have the bottle for trading gold miners nor silver miners for that matter.

your probably being too harsh on yourself bloke

Gold itself I enjoy and have some quite healthy big punts but not the miners.

it will come should you decide to have a better chop at it

I bought GDX GDXJ a little while ago and it fell and fell and then slowly crawled up again in to a profit last night. Then gold had a small sharp retracement and I sold the miners. Quite happy to let the gold fall a bit and hold on.

Stocks, commodities prices go up and go down... picking the right entry and sale opportunity can be quite frustrating...

What am I doing wrong Dear Abby. Also I think my husband is having an affair with the Sumo wrestler in number 43.

whats good for the goose is good for the gander ...

Kind regards
rcw1

 

[finicky]

Gold p/fs rocked hard today but I feel a preternatural* calmness.
I think RMS for instance fell 11% intraday but most of them are clawing back a little ground by luncheon.
Main point is though, at this point at least, looking at longer term weekly charts, this pullback looks normal!
Obviously I could be wrong - there have been occasions.

Held
and fricken Holding

*preternatural
adjective
beyond what is normal or natural.
"autumn had arrived with preternatural speed"

 

[Garpal Gumnut]

From Market Index. Gold miners good over 1 year, not that good today.

I think I'll stick to Gold. I've never been able to pick a reasonable entry on miners.



gg

 

[Sean K]

From Market Index. Gold miners good over 1 year, not that good today.

I think I'll stick to Gold. I've never been able to pick a reasonable entry on miners.

View attachment 199360

gg

Some of those p/e s are mad. Like bank stocks 10 years ago.

I don't think they will be able to help themselves and start spending up big in M&A in the next 2 years.

 

[Garpal Gumnut]

Some of those p/e s are mad. Like bank stocks 10 years ago.

I don't think they will be able to help themselves and start spending up big in M&A in the next 2 years.

I must admit I looked as carefully at the p/e's as the % yearly gains. They are doing the yankee p/e ... looking too far forward discounting cyclones, fall in POG and idiot cousin being made CFO. It should be called pfe or p / effin /e .

gg

 

[finicky]

Email from TheDailyGold this evening:

TheDailyGold: Bull Market Gains Just Getting Started for Gold & Silver

"The gold stocks are breaking out against Gold.
The silver stocks are breaking out against Silver.
This is the sweet spot of a cyclical bull market in precious metals.
But we have to be in the right companies to truly capitalize."

"Gold Stocks are Breaking Out Against Gold

Last week, GOEX broke-out against Gold while GDXJ broke out against Gold by a hair. GDX? Not yet.

But a few days later, GDX has broken out against Gold and GOEX and GDXJ have confirmed and extended their breakouts.

The miners are leading and outperforming the metals."

 

[mullokintyre]

For those who like to invest in gold stocks, a potential change in rthe VAN Eck Indes fund, GDX , may have a sgnificant affect on indivdual gold stocks.
Being the largest ETF by far, this fund can be a mover, and others follow the index for their own benefit.
VAN Ecks ETF Changes lsts the changes.
There are some that will be removed entirely (Oz shars WAF, GMD, CMM, RRL, GOR, RMS, EMR, VAU, RSG, and BGL are all out).
Heres a sample of the proposed changes.

 

[divs4ever]

hmmm i hold GOR ( liable to be taken-over , i heard ) RRL , RMS , and NST and EVN ( both 'free-carried' )

RMS and RRL would have to drop at least 50% ( on current prices to tempt me to add ) , and of course NST and EVN would have to drop way move than that

 

[mullokintyre]

hmmm i hold GOR ( liable to be taken-over , i heard ) RRL , RMS , and NST and EVN ( both 'free-carried' )

RMS and RRL would have to drop at least 50% ( on current prices to tempt me to add ) , and of course NST and EVN would have to drop way move than that

I should have added that the other major van Eck ETF zgDSJ which is for the junior or smaller players, has not made any announcements on its changes.
The list below shows all the ASX based shares in the ETF.
All of the shares in the DXJ that were being removed are also in the GDXJ, so perhaps its a cleanup of the index.
Remains to be seen whether the shares are sold or transferred to the GDXJ index.

 

[mullokintyre]

I should have added that the other major van Eck ETF GDXJ which is for the junior or smaller players, has not made any announcements on its changes.
The list below shows all the ASX based shares in the ETF.
All of the shares in the DXJ that were being removed are also in the GDXJ, so perhaps its a cleanup of the index.
Remains to be seen whether the shares are sold or transferred to the GDXJ index.
View attachment 201278

Geez, those drugs still messin with my typing. FXJ above should read GDXJ

 

[divs4ever]

Geez, those drugs still messin with my typing. FXJ above should read GDXJ

don't they ? even worse with modern phone ( and auto-correct