Not sure I would get to say this, and I am saying it with mixed feelings... But gold is back!! ( silver will lead, see stock picks below)
The only reason I say with mixed feelings is that I was so unsure whether this consolidation would ever break/turn nasty, I sold my core gold and silver holdings some time ago.
I commend all the silver / gold bugs who weathered the uncertainty. I could not personally. What I did was right for my situation, and I have no regrets. That said it's going to be hard to see some great companies fly after having sold them for a loss.
NEW CORE PM POSITIONS:
- GMR (Golden Rim Resources, 23% PM PF / 6% total portfolio weighting)
- CMB ( CMC metals, buying with GGD sale estimated 22% PM/5.82% TOT)
- MGG (Minaurum, 21%PM/5.58%)
- ABRA (Abrasilver, 18%/4.7%)
- KS ( Klondike Silver , 13% /3.36% )
LOOKING INTO:
ASM (avino)
SCZ (Santa cruz) + other Argentinian plays like PGDC
and others but I have 0 cash and do not expect to raise cash over the coming weeks...
The only reason I say with mixed feelings is that I was so unsure whether this consolidation would ever break/turn nasty, I sold my core gold and silver holdings some time ago.
I commend all the silver / gold bugs who weathered the uncertainty. I could not personally. What I did was right for my situation, and I have no regrets. That said it's going to be hard to see some great companies fly after having sold them for a loss.
NEW CORE PM POSITIONS:
- GMR (Golden Rim Resources, 23% PM PF / 6% total portfolio weighting)
- CMB ( CMC metals, buying with GGD sale estimated 22% PM/5.82% TOT)
- MGG (Minaurum, 21%PM/5.58%)
- ABRA (Abrasilver, 18%/4.7%)
- KS ( Klondike Silver , 13% /3.36% )
LOOKING INTO:
ASM (avino)
SCZ (Santa cruz) + other Argentinian plays like PGDC
and others but I have 0 cash and do not expect to raise cash over the coming weeks...
